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International Paper Co IP

Rating as of

Morningstar’s Analysis

Valuation
Currency in USD
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1-Star Price

PREMIUM

5-Star Price

PREMIUM

Economic Moat

PREMIUM

Capital Allocation

PREMIUM

Strong Box Demand Helps Offset Continued Weakness in Printing Papers at International Paper

Charles Gross Equity Analyst

Analyst Note

| Charles Gross |

International Paper's first-quarter results came with few surprises. The industrial packaging segment benefited from improved pricing and volumes, while printing papers lagged. We expect rising shipping volumes to remain a tailwind throughout 2021, with paper volumes recovering in the U.S. during the second half of the year. Given that our business outlook remains intact, we have left our $49 per share fair value estimate and no-moat ratings unchanged.

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Company Profile

Business Description

International Paper manufactures packaging products and printing papers. It accounts for roughly one third of the North American corrugated packaging market and about 25% of the uncoated free sheet paper market. Though it has operations in Brazil, Russia, India, and China, more than three fourths of its sales come from North America.

Contact
6400 Poplar Avenue
Memphis, TN, 38197
T +1 901 419-9000
Sector Consumer Cyclical
Industry Packaging & Containers
Most Recent Earnings Mar 31, 2021
Fiscal Year End Dec 31, 2021
Stock Type High Yield
Employees 49,300

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