Financial

Brokerage Opinion about two Stocks: International Paper Company (NYSE:IP), Hanesbrands Inc. (NYSE:HBI)

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International Paper Company (NYSE:IP) initiated the shares trading at $44.41 and showed positive change of +3.22% while the stock’s final trade was registered at $ 45.47. However, its previous closing price was seen at $44.05. The stock negotiated total number of 5.39 million shares as compared to 3 months average volume of 3.04 million shares.

The stock price demonstrated downbeat change from its 50 day moving average of 42.55 and had been up from its 200 Day Moving Average of 39.68.

The average true range of International Paper Company’s (IP) is recorded at 0.97 and the relative strength index of the stock stands 67.97. The stock price is going above to its 52 week low with 43.22% and lagging behind from its 52 week high with -4.15%. Analyst recommendation for this stock stands at 2.40. A look on the firm performance, its monthly performance is 9.33% and a quarterly performance of 10.16%. The stock price is trading upbeat from its 200 days moving average with 15.65% and up from 50 days moving average with 8.07%.

Brokerage Recommendations:

According to ZACKS data, different Brokerage Firms rated the stock about their BUY, SELL or HOLD recommendations. One week ago, shares have been suggested as “BUY” from “6” brokerage firms and recommended as “Strong Buy” by “0” brokerage firms. 1” brokerage firms have issued “Sell” rating for the company and “Strong Sell” rating was issued by “2.58” brokerage firms. “1” brokerage firms have rated the company as a “Hold”. The Corporation has average brokerage recommendation (ABR) of 0 based on consensus of the brokerage firms issuing ratings.

Shares of Hanesbrands Inc. (NYSE:HBI) declined -0.56% and ended at $26.55 smaller than previous closing price of $26.70. The total 1.87 million shares were bought and sold throughout the most recent trading session less than average volume of 3.67 million shares.

HanesBrands (HBI), a leading worldwide marketer of underwear, intimate apparel and activewear, recently reported that it has completed the acquisition of Pacific Brands Limited, the leading underwear and intimate apparel firmin Australia.

The acquisition of Pacific Brands adds Bonds, Australia’s top brand of underwear, babywear and socks, and Berlei, the country’s No. 1 sports bra brand and leading seller of premium bras in department stores, to HanesBrands’ worldwide portfolio of leading innerwear brands supported by the company’s global low-cost supply chain and manufacturing network. Hanes also sells Playtex intimate apparel and Champion activewear in Australia.

Hanesbrands Inc.’s (HBI) has price-to-cash ratio of 30.88 and price to sale ratio of 1.79. The company net profit margin is 8.00% and gross profit margin is 37.40%. A look on the firm performance, its monthly performance is 1.69% and a quarterly performance of -4.14%. The stock price is moving up from its 20 days moving average with 1.85% and isolated negatively from 50 days moving average with -0.53%.

Brokerage Recommendations:

According to ZACKS data, different Brokerage Firms rated the stock about their BUY, SELL or HOLD recommendations. One week ago, shares have been suggested as “BUY” from “2” brokerage firms and recommended as “Strong Buy” by “1” brokerage firms. 0” brokerage firms have issued “Sell” rating for the company and “Strong Sell” rating was issued by “1.45” brokerage firms. “0” brokerage firms have rated the company as a “Hold”. The Corporation has average brokerage recommendation (ABR) of 0 based on consensus of the brokerage firms issuing ratings.

 

 

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