International Paper (IP) is a strong buy according to an AI strategy from 2020-11-25 to 2023-02-03. During this period, investors could have potentially made a 89.56% return on average with every trade making a 29.85% return in the long position within 104.0 days. There were a total of 3.0 positions taken over the period. The prediction is based on a model with an accuracy of 0.8 when predicting an upward trend in the following 2 weeks. The analyst consensus price target is 37.65.
International Paper (NYSE: IP) is a global leader in the pulp and paper industry, boasting a long history and a strong presence in the marketplace. The company is headquartered in Memphis, Tennessee and has locations in over 24 countries, providing high-quality products and services to customers around the world. As of September 15th, 2023, International Paper’s stock price is listed at $34.24.
International Paper began operations in 1898, when it was founded as the International Paper Company. The company has grown significantly since then, and today it is the largest paper and pulp company in the world. International Paper provides a wide range of products, including uncoated freesheet, packaging, industrial, and specialty papers; printing and writing papers; and tissues, towels, and napkins. Additionally, the company produces corrugated containers and containerboard products.
International Paper has been consistently profitable, generating a net income of $2.3 billion in 2020. The company’s revenue has also grown steadily, reaching a total of $21.2 billion in the same year. International Paper’s success is reflected in its stock price, which has been steadily rising since early 2020. The company’s share price has risen from $30.29 in January 2020 to $34.24 on September 15th, 2023, an increase of 13.7%.
Overall, International Paper is a well-established and successful company that has consistently generated strong financial results and delivered long-term value to its shareholders. The company’s current stock price of $34.24 reflects its strong performance and suggests that it will continue to provide value to its shareholders in the future.
AssetType: Common Stock
Name: International Paper
Description: The International Paper Company (NYSE: IP) is an American pulp and paper company, the largest such company in the world. The company is headquartered in Memphis, Tennessee.
Industry: PAPER MILLS
Address: 6400 POPLAR AVENUE, MEMPHIS, TN, US
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