Value Line gives IP a 3-5 year potential price target range of $90 to $135. They show the P/E to be 9.9 and on the low side for VL's median value. Dividend based upon today's price is around 4% and nobody's getting that in their money market fund right now.
Currently its book value per share is around 2 - not high or low. Value Line's "Timeliness" rank is #1, highest (for what that's worth). "Safety" ranking is average at #3. It carries a big load of debt, but I wasn't able to discern whether it is reasonable for this stock.
The price/share is approaching my next buy target at today's level. My initial purchase was in August, 2017 at just under $53. I sold 10% of the position at just over $62 and then reused that cash in March when the price dipped to under $51. While I'm enjoying the dividends overall the stock has underperformed for me. As long as the fundamentals are reasonably good I'll add shares in this decline. The dividend is eventually going to start supporting the price/share.
Another 2-3% discount and I'll add to the holding again.
Best regards,
Recent IP News
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/13/2024 09:07:13 PM
- Form DEFA14A - Additional definitive proxy soliciting materials and Rule 14(a)(12) material • Edgar (US Regulatory) • 09/12/2024 09:00:48 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 09/12/2024 08:07:38 PM
- International Paper Announces Filing of Definitive Proxy Statement in Connection with its Pending Acquisition of DS Smith • PR Newswire (US) • 09/12/2024 01:00:00 PM
- International Paper Makes Leadership Announcement • PR Newswire (US) • 09/10/2024 09:00:00 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 09/06/2024 09:35:15 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/06/2024 09:01:16 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/04/2024 07:30:17 PM
- Kuehn Law Encourages FBMS, IP, AFBI, and CNDA Investors to Contact Law Firm • PR Newswire (US) • 09/04/2024 01:31:00 PM
- Form PRER14A - Preliminary Proxy Soliciting materials • Edgar (US Regulatory) • 09/03/2024 10:06:44 AM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 08/30/2024 02:45:24 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/29/2024 08:34:48 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 08/28/2024 08:14:54 PM
- International Paper Names Tom Hamic To New Leadership Role • PR Newswire (US) • 08/26/2024 09:00:00 PM
- Form PREM14A - Preliminary proxy statements relating to merger or acquisition • Edgar (US Regulatory) • 08/23/2024 08:11:34 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/16/2024 01:25:21 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/13/2024 01:33:00 PM
- International Paper Makes Senior Leadership Announcement • PR Newswire (US) • 08/13/2024 01:25:00 PM
- International Paper CEO to Speak at Jefferies 2024 Industrials Conference • PR Newswire (US) • 08/12/2024 08:15:00 PM
- International Paper Strengthens Commitment to Nature with $15.3 Million Investment in Conservation Partnerships • PR Newswire (US) • 08/07/2024 02:30:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/01/2024 04:34:23 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 07/26/2024 04:12:32 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 07/24/2024 11:17:13 AM
- International Paper Reports Second Quarter 2024 Results • PR Newswire (US) • 07/24/2024 11:00:00 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 07/16/2024 01:33:55 PM
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