IP Price Prediction Next Week
Technical Analysis: Based on the latest data, International Paper (IP) is showing mixed signals. The stock closed at $56.12 on Friday with a volume of 7.67M shares. The stock has been trading in a consolidation pattern near its 20-day SMA of $56.67.
Key technical indicators:
- RSI (14) at 51.22 indicates neutral momentum
- MACD showing slight bearish divergence (-0.16)
- Trading between Bollinger Bands (BBL: $51.27, BBM: $56.67, BBU: $62.07)
News Impact: A significant development announced on February 14:
- IP announced permanent closure of multiple facilities including:
- Red River containerboard mill in Louisiana
- Recycling plant in Phoenix
- Box plant in Hazleton
- Sheet feeder operation in St. Louis
- Impact: Will reduce containerboard output by 800,000 tons annually
- Affects 674 employees (495 hourly, 179 salaried)
Price Forecast for Next Week: Based on Fibonacci levels:
- Resistance levels: R1: $56.67, R2: $57.81, R3: $59.65
- Support levels: S1: $52.99, S2: $51.85, S3: $50.02
- Pivot: $54.83
Trading Recommendation: SELL with target price of $54.83 (pivot level) for the following reasons:
- Recent facility closure announcement could pressure margins
- Weakening technical indicators
- Trading near upper Bollinger Band suggesting overbought conditions
- Declining volume trend during recent price increases suggests weakening buying pressure
Set stop-loss at $57.81 (R2 level) to limit potential losses.
IP Similar Chart Price Prediction
The price of IP is predicted to go up -1.52%, based on the high correlation periods with PLD. The similarity of these two price pattern on the periods is 96.21%.
IP
PLD
Down: -1.52%Similarity: 96.21%
IP Revenue Forecast
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IP VS S&P500
After a decade of adjusting its business model to improve profitability, International Paper will enjoy solid returns as it now operates primarily as a containerboard company.
International Paper, WestRock and Packaging Corp. of America will remain disciplined in taking economic downtime when needed in order to safeguard prices.
International Paper's exposure to emerging markets will provide excellent opportunities for growth in the coming years.
IP Analyst's Forecast
Michael Roxland
Truist Securities
Strong Buy
2025-01-06
Price Target
$61 → $65
Upside
+21.5%
Truist analyst Michael Roxland raised the firm's price target on International Paper to $65 from $61 and keeps a Buy rating on the shares as part of a broader research note previewing 2025 for the Packaging/Paper sector. The earlier part of the year will begin where 2024 ended, with packaging volumes in aggregate being somewhat challenged due to modest promotional activity, and while there has been increasing discussion amongst leading consumer packaged goods names regarding promotional activity, this has yet to result in notable volume growth as they remain content with margins given price increases the last few years, the analyst tells investors in a research note. The firm is also introducing initial calendar 2027 estimates and rolling forward its valuation period, which is now based on calendar 2026.
Matthew McKellar
RBC Capital
Buy
2024-11-01
Price Target
$56 → $64
Upside
+14.76%
Michael Roxland
Truist Securities
Strong Buy
2024-11-01
Price Target
$57 → $61
Upside
+9.38%
