Economy

Bowen Hanes & Co INC Lifted Int'l Paper (IP) Stake by $8.08 Million

Bowen Hanes & Co INC Lifted Int'l Paper (IP) Stake by $8.08 Million

A lower number would indicate that the company has been undervalued, where its stock is relatively low-priced in connection to its free cash flow. The stock increased 1.68% or $1.02 during the last trading session, reaching $61.58. About 2.56 million shares traded or 39.09% up from the average. KapStone Paper and Packaging Corporation (NYSE:KS) has risen 45.78% since January 5, 2017 and is uptrending. It has outperformed by 2.33% the S&P500. Tiedemann Wealth Management Lc reported 10,305 shares stake. The stock of Halliburton Company (NYSE:HAL) earned "Buy" rating by Deutsche Bank on Thursday, July 21. Azimuth Capital Management Limited Liability Corp holds 0.24% or 56,193 shares. Halliburton Co now has $44.76B valuation.

The stock increased 0.54% or $0.005 during the last trading session, reaching $0.935. About 299,661 shares traded. International Paper's payout ratio is 87.56%. The company had revenue of $5.91 billion for the quarter, compared to analyst estimates of $5.85 billion. The firm operates through four divisions: Industrial Packaging, Global Cellulose Fibers, Printing Papers, and Consumer Packaging. It has a 16.7 P/E ratio. The Paper and Packaging segment offers containerboards consisting of linerboard and corrugated medium to manufacture corrugated containers for packaging products; and corrugated products. Parkside Fincl Bank Tru reported 0.02% in International Paper Company (NYSE:IP). Comparatively, IP posted earnings of $0.91 per share in the same quarter, a year earlier. IP's profit will be $491.39M for 12.72 P/E if the $1.19 EPS becomes a reality. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the company. Therefore 44% are positive. The stock of KapStone Paper and Packaging Corporation (NYSE:KS) has "Outperform" rating given on Thursday, February 11 by RBC Capital Markets. Kapstone Paper And Packaging Corp. had 48 analyst reports since August 4, 2015 according to SRatingsIntel. The rating was initiated by Macquarie Research on Tuesday, November 10 with "Neutral". RBC Capital Markets has "Buy" rating and $6500 target. The rating was downgraded by Standpoint Research on Friday, September 16 to "Hold". Hightower Advisors Lc reported 0.07% in International Paper Company (NYSE:IP). The stock has "Buy" rating by BMO Capital Markets on Monday, September 18. The firm has "Outperform" rating given on Thursday, January 7 by Bernstein. KeyBanc Capital Markets maintained KapStone Paper and Packaging Corporation (NYSE:KS) on Wednesday, July 26 with "Hold" rating. RBC Capital Markets maintained the shares of IP in report on Sunday, August 20 with "Buy" rating.

Investors sentiment decreased to 0.95 in 2017 Q3. The Lower end of the earnings estimate is $0.9, while the higher end of the earnings estimate is $1.15.

Investment analysts at KeyCorp upped their FY2018 earnings per share (EPS) estimates for shares of International Paper in a report issued on Tuesday. 76 funds opened positions while 199 raised stakes.

More news: Missouri hires Derek Dooley as new offensive coordinator

On average, analysts expect that KapStone Paper and Packaging will report full-year earnings of $1.20 per share for the current financial year, with EPS estimates ranging from $1.18 to $1.23. Jacobs Asset Management Llc, a New York-based fund reported 1.00 million shares. Fortaleza Asset Mgmt Inc holds 0.73% or 7,000 shares in its portfolio.

International Paper (NYSE:IP) last released its earnings results on Wednesday, October 25th. Visionary Asset Management reported 0.92% stake. Schwab Charles Invest reported 2.13M shares stake. North Star Inv Mgmt accumulated 0% or 300 shares. D Scott Neal Inc accumulated 61 shares or 0% of the stock. International Paper Company, (reader can compare this with other companies that he is interested in). Meyer Handelman stated it has 0.74% in International Paper Company (NYSE:IP). Rodgers Brothers Inc has 0.45% invested in International Paper Company (NYSE:IP). Raymond James And Associates holds 0.06% or 506,004 shares in its portfolio. 43,040 were reported by Horan Advsr Ltd. Lombard Odier Asset Mngmt (Europe) Ltd reported 0.02% stake. Vanguard Group Inc. now owns 29,065,508 shares of the basic materials company's stock valued at $1,645,398,000 after buying an additional 184,066 shares during the last quarter. Ameriprise Financial Inc. now owns 6,335,943 shares of the basic materials company's stock valued at $359,118,000 after buying an additional 966,103 shares during the last quarter. Apple Inc (NASDAQ:AAPL) was raised too.

Since August 1, 2017, it had 0 insider buys, and 1 sale for $57,654 activity. Shares for $1.71M were sold by Pope Lawrence J on Tuesday, September 5.

Insider trading over the last 12 months, however, paints a different picture. The stock of Halliburton Company (NYSE:HAL) earned "Hold" rating by HSBC on Tuesday, January 26. Therefore 68% are positive.


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