International Paper quickly gains amid report Suzano considering raising offer
Written by Emily J. Thompson, Senior Investment Analyst
- International Paper and Suzano Takeover Offer: Brazilian company Suzano is considering raising its $15 billion takeover offer for International Paper, which was rejected earlier this month.
- Potential Increase in Offer: Suzano may raise its offer by a few dollars per share, according to a Reuters report citing sources familiar with the matter.
- Current Offer Details: Suzano had initially offered $42 a share for International Paper, contingent on IP dropping its deal to acquire British firm DS Smith.
- Response from Companies: Both Suzano and International Paper have not yet responded to requests for comment regarding the potential takeover offer.
- Market Reaction and Analysts' Views: International Paper's stock rose amid the news, but analysts suggest that a deal between International Paper and Suzano seems unlikely.
Analyst Views on IP
Wall Street analysts forecast IP stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for IP is 48.35 USD with a low forecast of 36.00 USD and a high forecast of 57.80 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
12 Analyst Rating
9 Buy
2 Hold
1 Sell
Moderate Buy
Current: 41.840
Low
36.00
Averages
48.35
High
57.80
Current: 41.840
Low
36.00
Averages
48.35
High
57.80
About IP
International Paper Company provides sustainable packaging solutions. The Company is a global producer of renewable fiber-based packaging products. Its segments include Packaging Solutions North America and Packaging Solutions EMEA. Packaging Solutions North America and Packaging Solutions EMEA segments are primarily focused on producing fiber-based packaging. It produces linerboard, medium, whitetop, recycled linerboard, recycled medium and saturating kraft of which a majority of its production is converted into corrugated packaging and other packaging. The Company’s recycling solutions and services manage fiber recovery programs for retailers, grocers, e-commerce, distribution centers, manufacturers, and its own box plants by managing recovered fiber streams used in packaging production.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
