NEW YORK (

TheStreet

) --

International Paper Company

(NYSE:

IP

) hit a new 52-week high Thursday as it is currently trading at $31.31, above its previous 52-week high of $31 with 2.2 million shares traded as of 10:06 a.m. ET. Average volume has been 5.4 million shares over the past 30 days.

International has a market cap of $13.2 billion and is part of the

consumer goods

sector and

consumer non-durables

industry. Shares are up 10.1% year to date as of the close of trading on Wednesday.

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International Paper Company operates as a paper and packaging company with operations in North America, Europe, Latin America, Russia, Asia, and north Africa. Its Industrial Packaging segment manufactures containerboards. The company has a P/E ratio of 20.4, equal to the average consumer non-durables industry P/E ratio and above the S&P 500 P/E ratio of 16.9.

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TheStreet Ratings rates International as a

hold

. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in stock price during the past year and growth in earnings per share. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity, generally poor debt management and weak operating cash flow. You can view the full

International Ratings Report

.

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