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International Paper Company

IP · NYSE

Market closed$37.56$-0.310000 (-0.82%)After hours $37.85 · +0.77%

Key statistics

Previous close$37.87
Open$38.28
Day high$38.82
Day low$37.12
52-week high$56.13
52-week low$29.26
Market cap19.89B
Volume2.96M
Average volume6.56M
P/E ratio-234.75
Forward P/E6.01
EPS-0.16
Dividend yield+4.93%

Market context

Why it moved

Despite Royal Bank of Canada raising its price target on International Paper to $48 with an "outperform" rating, IP shares edged lower as broader market weakness — driven by an intensifying chip stock selloff and macro uncertainty — weighed on sentiment.

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What is happening

Recent company-specific developments and publisher coverage.

July 17, 2026International Paper closed modestly lower on the day but is recovering in after-hours trading, as a busy week of company-specific news continues to shape the investment narrative. The company announced plans to close its Carrollton South, Texas packaging facility by end of Q3 2026—the latest in a string of closures affecting over 5,800 employees since late 2024—as management works to right-size its North America footprint ahead of a July 30 earnings report. Analyst sentiment is broadly constructive: Truist raised its price target to $46 (Buy), RBC Capital lifted its target to $48 (Outperform), and Citigroup raised its target to $43 (Buy), though BofA Securities downgraded the stock to Hold earlier in the week, trimming its target to $41.

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July 17, 2026International Paper shares rallied sharply, closing up over 3%, as investors weighed several concurrent developments: the company announced the closure of its Carrollton South packaging facility in Texas by end of Q3 2026 as part of its ongoing footprint optimization strategy, while also declaring a Q3 quarterly dividend of $0.4625 per share. The move higher came despite a BofA Securities downgrade to Hold (from Buy) with a reduced $41 price target earlier in the week, suggesting investors may be viewing the plant closures as a positive step toward improving long-term competitiveness.

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July 16, 2026International Paper edged higher despite a BofA Securities downgrade to Hold (from Buy) with a trimmed price target of $41, as offsetting bullish coverage from Truist Securities — which raised its price target to $46 while maintaining a Buy rating — provided support. Sentiment was further complicated by the temporary closure of IP's Pine Hill, Alabama containerboard mill due to storm damage, with the company hoping to resume operations in August; IP also declared its Q3 2026 quarterly dividend of $0.4625 per share. Broader packaging peers face their own headwinds, with Packaging Corporation of America's Q2 earnings due July 22.

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July 14, 2026International Paper closed down about 1.35% as a BofA Securities downgrade from Buy to Neutral dominated sentiment, with the firm cutting its price target to $41 from $44 and arguing the containerboard price rally thesis has largely played out. BofA flagged softening EMEA containerboard conditions and cited a reduced full-year EBITDA outlook from Q1 results, while also noting the stock is in a pre-earnings quiet period ahead of Q2 results due July 30. The company did declare its quarterly dividend of $0.4625 per share, unchanged, payable September 15.

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July 14, 2026International Paper closed down 2.45% in a broad market selloff driven by renewed U.S.-Iran military hostilities that sent oil prices surging ~5% and rattled equities. Adding to pressure, a Seeking Alpha analyst downgraded the stock and lowered its price target on July 13, citing cyclical underperformance. The company is also managing the fallout from its Pine Hill, Alabama mill outage—caused by weather damage—which could remove ~2% of containerboard supply until August, a development BofA noted as tightening an already constrained market.

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July 11, 2026International Paper rose about 2% after recovering from a sharp 3.3% sell-off on July 8, as investors digested the company's announcement of a temporary operational suspension at its Pine Hill, Alabama mill following weather-related roof damage. The company expects manufacturing to resume in August and is coordinating with customers on supply impacts, with the broader narrative centering on whether IP's ongoing network restructuring — including multiple North American facility closures targeted for Q3 2026 — can deliver durable earnings improvement ahead of its Q2 earnings report scheduled for July 30.

2.0172

July 10, 2026International Paper rose after a wave of bullish analyst activity, with Citigroup raising its price target to $43 (from $36, maintaining Buy), Wells Fargo lifting its target to $42 (from $39, maintaining Overweight), and JPMorgan boosting its target to $51 (from $43, maintaining Neutral). RBC Capital Markets also retained IP on its top 30 global stock ideas list. The upgrades come as investors look ahead to Q2 2026 earnings on July 30, where analysts expect a near-breakeven result, and as the company announced a temporary suspension of operations at its Pine Hill, Alabama mill — a move seen as part of ongoing restructuring efforts targeting cost savings and network optimization.

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July 8, 2026International Paper fell sharply, underperforming the broader market as a broad risk-off selloff—triggered by President Trump declaring the U.S.-Iran peace deal 'over,' sending oil prices surging over 5%—compounded existing headwinds for the paper and packaging sector. With Q2 earnings due July 30 and analysts expecting a near-breakeven quarter (consensus at -$0.01 EPS), investors are closely watching whether IP's restructuring efforts—including 31 EMEA facility closures targeting $200M+ in savings and North American network optimization—can translate into the improved H2 margins management has guided toward amid still-soft demand and elevated energy costs. UBS recently raised its price target to $40 (Hold) and a SimplyWallSt analysis pegs fair value at $39.36, modestly above recent levels.

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TipRanks · July 17, 2026International Paper announces new independent board appointmentsStock Titan · July 17, 2026International Paper to Add 2 Directors as 2 Plan Year-End ExitsDaily Memphian · July 16, 2026International Paper closes a plant in Texas, temporarily suspends operations at Alabama millPackaging Dive · July 16, 2026International Paper to close Texas box plantPR Newswire · July 16, 2026International Paper to Close Carrollton South, Texas Packaging FacilitySupply Chain Dive · June 8, 2026International Paper taps CPKC for rail needs at Mississippi facilityPR Newswire · June 4, 2026International Paper Completes $360MM Acquisition of North Pacific Paper Company
Benzinga · July 17, 2026RBC Capital Maintains Outperform on International Paper, Raises Price Target to $48
Mt Newswire · July 17, 2026RBC Raises Price Target on International Paper to $48 From $45, Keeps Outperform Rating
Benzinga · July 17, 2026Wall Street's Most Accurate Analysts Spotlight On 3 Materials Stocks Delivering High-Dividend Yields
Benzinga · July 16, 2026International Paper To Shut Down Its Carrollton South Packaging Site In Texas By End Of Q3
Mt Newswire · July 15, 2026Truist Securities Adjusts International Paper Price Target to $46 From $40, Maintains Buy Rating
Benzinga · July 15, 2026Truist Securities Maintains Buy on International Paper, Raises Price Target to $46
Mt Newswire · July 14, 2026International Paper Keeps Quarterly Dividend at $0.4625 per Share, Payable Sept. 15 to Holders of Record Aug. 14
Mt Newswire · July 14, 2026Packaging, Forest Products Face Lackluster Demand, Weak Volumes, BofA Says

Peers

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