International Paper Co. (IP): Today's Featured Consumer Non-Durables Laggard
Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.
(
) pushed the Consumer Non-Durables industry lower today making it today's featured Consumer Non-Durables laggard. The industry as a whole closed the day up 0.3%. By the end of trading, International Paper fell $0.52 (-1.1%) to $46.88 on average volume. Throughout the day, 3,308,763 shares of International Paper exchanged hands as compared to its average daily volume of 3,649,100 shares. The stock ranged in price between $46.84-$47.66 after having opened the day at $47.49 as compared to the previous trading day's close of $47.40. Other companies within the Consumer Non-Durables industry that declined today were:
(
), down 2.6%,
(
), down 2.4%,
(
), down 2.2% and
(
), down 2.1%.
International Paper Company operates as a paper and packaging company in North America, Europe, Latin America, Russia, Asia, and North Africa. International Paper has a market cap of $21.2 billion and is part of the consumer goods sector. Shares are up 19.0% year to date as of the close of trading on Monday. Currently there are 13 analysts that rate International Paper a buy, no analysts rate it a sell, and 1 rates it a hold.
TheStreet Ratings rates
International Paper
as a
. The company's strengths can be seen in multiple areas, such as its increase in net income, revenue growth, solid stock price performance and growth in earnings per share. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.
- You can view the full International Paper Ratings Report.
On the positive front,
(
), up 4.8%,
(
), up 4.2%,
(
), up 4.1% and
(
), up 3.6% , were all gainers within the consumer non-durables industry with
(
) being today's featured consumer non-durables industry leader.
- Use our consumer non-durables section to find industry-relevant news.
- Or find some new ideas from our top rated stocks lists.
For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the consumer non-durables industry could consider
Consumer Staples Select Sector SPDR
(
) while those bearish on the consumer non-durables industry could consider
ProShares Ultra Sht Consumer Goods
(
).
- Find other investment ideas from our top rated ETFs lists.
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