International Paper Co (NYSE: IP) stock enjoyed a major increase of 11.0% on 3/19/24. The shares closed at $38.77. Moreover, this advance was accompanied by exceptionally high trading volume at 297% of normal. Relative to the market the stock has been strong over the last nine months and has risen 5.9% during the last week.
Current PriceTarget Research Rating
IP is expected to continue to be an important Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
International Paper has a current Value Trend Rating of B (Positive). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. International Paper has a neutral Appreciation Score of 50 but a good Power Rating of 76, leading to the Positive Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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