International Paper Co (IP – Research Report), the Consumer Cyclical sector company, was revisited by a Wall Street analyst today. Analyst Gabrial Hajde from Wells Fargo reiterated a Hold rating on the stock and has a $45.00 price target.
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Gabrial Hajde has given his Hold rating due to a combination of factors impacting International Paper Co. The company is undergoing a significant transformation, which has led to some initial turbulence in its financial results. While management’s efforts to focus on controllable factors are commendable, the broader macroeconomic challenges present a hurdle to achieving their financial targets, which are seen as ambitious.
Despite the company’s progress towards becoming fundamentally stronger, evidenced by improvements in EBITDA margins, the quality of earnings in the first quarter was somewhat low, and there remains considerable uncertainty in demand. As a result, Hajde maintains a Hold rating, with a price target of $45, reflecting a cautious outlook amid these ongoing uncertainties and transformations within the company.
According to TipRanks, Hajde is a 3-star analyst with an average return of 1.5% and a 52.66% success rate. Hajde covers the Consumer Cyclical sector, focusing on stocks such as International Paper Co, O-I Glass, and Ardagh Metal Packaging.
In another report released today, Bank of America Securities also maintained a Hold rating on the stock with a $60.00 price target.