International Paper CompanyIP was a big mover last session, as the company saw its shares rise above 5% on the day. The upside came on the company's announcement that it will exit from its Chinese coated board joint venture - IP-Sun JV. This continues the uptrend for the company since Sep 29, as the stock is now up more than 16%.
In the last 30 days, the company has seen five downward estimate revisions and the Zacks Consensus Estimate also moved lower, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent move higher can last.
International Paper carries a Zacks Rank #3 (Hold), while its Earnings ESP is negative.
A better-ranked paper and related products stock is Fibria Celulose S.A. FBR , which holds a Zacks Rank #2 (Buy).
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