International Reaches New 52-Week High (IP)

NEW YORK ( TheStreet) -- International Paper (NYSE: IP) hit a new 52-week high Tuesday as it is currently trading at $36.20, above its previous 52-week high of $36 with four million shares traded as of 3:25 p.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 19.9% year to date as of the close of trading on Monday.

International Paper Company operates as a paper and packaging company in North America, Europe, Latin America, Russia, Asia, and north Africa. The company has a P/E ratio of 11.9, 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 solid stock price performance and notable return on equity. 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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