5 Best Paper Stocks to Buy Now

4. International Paper Co (NYSE: IP)

Founded in 1898, Memphis, Tennessee-based International Paper operates various segments related to paper and packaging products, including industrial packaging, global cellulose fibers and printing papers. The company also makes containerboards, which include linerboard, medium, whitetop, recycled linerboard, recycled medium, and saturating kraft. In October 2020, BMO Capital gave bullish ratings for International Paper on the back of improved pricing trends and better-than-anticipated demand growth. In the third quarter, the company posted an EPS of  $0.71 above the consensus estimate by $0.22.

Of the 816 hedge funds tracked by Insider Monkey, 32 held stakes in International Paper entering the fourth quarter.