Why Hold Strategy is Apt for International Paper (IP) Right Now

By Zacks4 days ago


International Paper Company IP is benefiting from solid demand for packaging and surging e-commerce activities amid the coronavirus pandemic. The companys focus on growing core business and acquisitions will continue to drive growth. However, bleak demand for printing paper and higher material costs remain near-term headwinds.

International Paper currently carries a Zacks Rank #3 (Hold). It has a VGM Score of A. Our research shows that stocks with a VGM Score of A or B, when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3, offer the best investment opportunities. You can see the complete list of todays Zacks #1 Rank stocks here.

International Papers shares have gained 60.8% over the past year, compared with the industrys growth of 72.4%.

Positive Earnings Surprise History

International Paper has a trailing four-quarter average earnings surprise of 43.1%.

Estimate Revision Activity

The Zacks Consensus Estimate for current-year earnings per share has been revised upward by 2.3% to $3.95 over the past 60 days. The figure indicates year-over-year growth of 41%.

Growth Drivers in Place

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