KeyBanc Starts International Paper with a "Hold" Rating (IP)

KeyBanc Starts International Paper with a “Hold” Rating (IP)

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Late on Monday, KeyBanc analysts initiated coverage on paper goods maker International Paper Company (IP) with a “Hold” rating.

KeyBanc analyst Adam J. Josephson said, “we think investor sentiment is appropriately optimistic and consensus estimates partially incorporate a second successful $50/ton containerboard price increase.”

International Paper shares were down 23 cents, or -0.51%, during pre-market trading on Tuesday. The stock is up 27.61% over the past year.

The Bottom Line
Shares of International Paper (IP) have a dividend yield of 2.64% based on last night’s closing price of $45.39 and the company’s annualized dividend payout of $1.20 per share.

International Paper Company (IP) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.3 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.

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