International Paper (IP) has made several strategic shifts, including closure of multiple facilities, restructuring of operations, and sale of business units. The company announced the quarterly dividend of $0.4625 and UBS analysts have reiterated their 'Buy' rating on IP with a $60 price target. It's working towards building new sustainable packaging facilities, such as one proposed in Salt Lake City, Utah, although management is facing criticism for ignoring local incentives to stay in Georgia. Under the Banner of 'Transformation Gains Pace', it recently completed the acquisition of DS Smith, sold its global cellulose fibers unit for $1.5 billion, and ended its packaging operations in the UK. However, it's equally notable that it's exiting the molded fiber market and closing four facilities, affecting 1,100 employees. While potentially concerning, IP continues to propel their strategic transformations, contributing to long-term value addition. The CEO emphasizes that 'momentum is picking up', reflecting in the acquisition of IP's bag converting division by ProAmpac and sale of the Riegelwood Mill. Lastly, IP has maintained its quarterly dividend despite the ongoing changes, underlining its financial resilience.
International Paper IP News Analytics from Fri, 31 Jan 2025 08:00:00 GMT to Sat, 18 Oct 2025 12:15:12 GMT -
Rating 3
- Innovation 1
- Information 9
- Rumor 0
