What 4 Analyst Ratings Have To Say About International Paper
Portfolio Pulse from Benzinga Insights
Over the past three months, four analysts have evaluated International Paper (NYSE:IP), with all ratings being bullish. The average 12-month price target has increased to $45.75, reflecting a 20.39% rise from the previous target of $38.00. Despite facing a revenue decline of -7.99% and below-average profitability metrics, analysts have raised their price targets, indicating a positive outlook.
May 23, 2024 | 9:00 pm
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International Paper (NYSE:IP) has received bullish ratings from four analysts over the past three months, with an average 12-month price target of $45.75, up 20.39% from the previous target. Despite a -7.99% decline in revenue and below-average profitability metrics, analysts have raised their price targets, indicating a positive outlook.
The unanimous bullish ratings from analysts and the significant increase in the average price target suggest a positive short-term impact on International Paper's stock price. This is despite the company's recent revenue decline and below-average profitability metrics, indicating that analysts believe the company has strong potential for recovery and growth.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100