International Reaches New 52-Week High (IP)

NEW YORK ( TheStreet) -- International Paper (NYSE: IP) hit a new 52-week high Monday as it is currently trading at $33.96, above its previous 52-week high of $33.88 with 1.8 million shares traded as of 11:10 a.m. ET. Average volume has been 4.7 million shares over the past 30 days.

International has a market cap of $14.06 billion and is part of the consumer goods sector and consumer non-durables industry. Shares are up 11.2% year to date as of the close of trading on Friday.

International Paper Company operates as a paper and packaging company with operations in North America, Europe, Latin America, Russia, Asia, and north Africa. The company has a P/E ratio of 10.6, above the average consumer non-durables industry P/E ratio of 10 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates International as a buy. The company's strengths can be seen in multiple areas, such as its notable return on equity and solid stock price performance. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full International Ratings Report.

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