International Rises On Unusually High Volume (IP)

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

NEW YORK ( TheStreet) -- International Paper (NYSE: IP) is trading at unusually high volume Thursday with 6.6 million shares changing hands. It is currently at two times its average daily volume and trading up $1.19 (+3%) at $41.26 as of 12:36 p.m. ET.

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International has a market cap of $18.4 billion and is part of the consumer goods sector and consumer non-durables industry. Shares are up 5.2% year to date as of the close of trading on Wednesday.

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 15.8, 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, revenue growth and good cash flow from operations. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full International Ratings Report.

See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center.

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