International Paper Co (NYSE:IP)
October 19th, 2018
Amidst falling markets International Paper Co finished Thursday’s trading session down 2.64%, a $1.14 decrease to close on $42.06. With an estimated six days to the next earnings report, everyone is watching International Paper Co. As well as the drop in value, International Paper Co hit a new 52 week low of $41.67, breaking the previous low of $41.87 from earlier this month. In addition to the stock finishing lower, the trading volumes were only 0.00% of normal which could be an indication of investor uncertainty. Be aware that the Altman Z-Score1 (An indicator of the probability for a 2-year bankruptcy) is below the recommended threshold of 1.8%, and calculated to be 1.59.
IP was outperformed by the rest of the Materials sector which went down just 1.14%.
International Paper Co is listed on the S&P 500 index, and was one of 401 stocks that dropped today. Weighted by market cap, IP represents about 0.06% of the S&P 500.
Forecasts from 13 analysts indicates that International Paper Co could grow significantly (41%), while Finbox has calculated (with low uncertainty) a fair value price of $55.79.
The market sectors were mixed Friday with a majority of the sectors trending down. Utilities saw the biggest increase of the day (0.08%), while Consumer Discretionary saw the biggest drop (2.11%). Healthcare has seen the biggest year-to-date gain at 12%. The biggest loss this year has been the Materials sector falling 12%.
Utilities saw the biggest turnaround from its 5-day performance of 1.51%, as it went up 0.08%. Consumer Discretionary and Information Technology saw turn arounds from their five day positive performance, Consumer Discretionary with a drop of 2.11%.
- Utilities went up with a 0.08% change.
- Real Estate went up with a 0.01% change.
- Consumer Staples went down with a -0.23% change.
- Energy went down with a -0.48% change.
- Healthcare went down with a -1.14% change.
- Materials went down with a -1.14% change.
- Financials went down with a -1.55% change.
- Industrials went down with a -1.79% change.
- Communication Services went down with a -1.84% change.
- Information Technology went down with a -2.02% change.
- Consumer Discretionary went down with a -2.11% change.
International Paper is based in Memphis, United States of America. It was founded by Hugh J. Chisholm in 1898.
International Paper Co Info
International Paper Company operates as a paper and packaging company primarily in North America, Europe, Latin America, North Africa, India, and Russia. It operates through three segments: Industrial Packaging, Global Cellulose Fibers, and Printing Papers. The Industrial Packaging segment manufactures containerboards, including linerboard, medium, whitetop, recycled linerboard, recycled medium, and saturating kraft. The Global Cellulose Fibers segment provides fluff, market, and specialty pulps that are used in absorbent hygiene products, tissue and paper products, and non-absorbent end applications. The Printing Papers segment produces printing and writing papers, such as uncoated papers for end use applications, including brochures, pamphlets, greeting cards, books, annual reports, and direct mail, as well as envelopes, tablets, business forms, and file folders. This segment sells uncoated papers under the Hammermill, Springhill, Williamsburg, Postmark, Accent, Great White, Chamex, Ballet, Rey, Pol, and Svetocopy brand names. The company sells its products directly to end users and converters, as well as through agents, resellers, and paper distributors. International Paper Company was founded in 1898 and is headquartered in Memphis, Tennessee.
All amounts in USD unless otherwise indicated
(1) The Altman Z-Score calculation was first published in 1968 by Edward I. Altman, and is used for predicting the probability that a firm will go into bankruptcy within two years. An Altman Z-Score below 1.8 (Remember that International Paper Co’s score is 1.59) is the trigger to be alert for this situation. Some analysts believe this score is less relevant for some companies, in particular companies operating to accumulate users that may run at huge losses to scale up.
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