Editor's Note: International Paper Co is a Trifecta Stocks holding. If you own, or are thinking of owning IP, you HAVE to sign up for the FREE webinar hosted by TheStreet's fundamental expert Bryan Ashenberg and technical expert Bob Lang. Sign up now!
NEW YORK (TheStreet) -- Global paper and packaging company International Paper (IP) was rising 1.6% Thursday to $43.86, erasing losses sustained over the past week as Washington's political impasse spooked Wall Street investors.
International Paper has gained 10% gained this year, constrained by negative earnings revisions, a recent Deutsche Bank downgrade to "hold", and poor weather trends raising hardwood costs. The company is scheduled to report third-quarter earnings before the start to regular trading on October 24.
Trifecta Stocks' Bryan Ashenberg and Bob Lang in their latest analysis comment, "Lowered expectations, the company's strong 3.2% dividend yield and its active share repurchase program should mitigate downside from current levels."
TheStreet Ratings team rates International Paper Co as a Buy with a ratings score of A. TheStreet Ratings Team has this to say about their recommendation:
"We rate International Paper Co (IP) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its solid stock price performance, increase in net income, revenue growth, growth in earnings per share and notable return on equity. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated."