The price of The Interpublic Group of Companies Inc. (NYSE:IPG) shares last traded on Wall Street rose 2.23% to $33.93.
Based on available information, 15 analysts follow The Interpublic Group of Companies Inc. (NYSE:IPG). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $43.00 and a low of $33.00, we find $40.00. Given the previous closing price of $33.19, this indicates a potential upside of 20.52 percent. IPG stock price is now -10.06% away from the 50-day moving average and -4.29% away from the 200-day moving average. The market capitalization of the company currently stands at $12.78B.
Top 5 Artificial Intelligence Stocks to Buy for 2024
By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."
Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"
Sponsored
Among analysts, 10 rate the stock a hold while 5 rate it a buy. Brokers who have rated the stock have averaged $39.18 as their price target over the next twelve months.
With the price target reduced from $43 to $33, Wells Fargo Downgraded its rating from Overweight to Equal Weight for The Interpublic Group of Companies Inc. (NYSE: IPG).
In other news, HUDSON DAWN E, Director sold 5,950 shares of the company’s stock on Mar 15. The stock was sold for $197,242 at an average price of $33.15. Upon completion of the transaction, the Director now directly owns 26,930 shares in the company, valued at $0.91 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 02, Director Carter-Miller Jocelyn sold 6,425 shares of the business’s stock. A total of $228,088 was realized by selling the stock at an average price of $35.50. This leaves the insider owning 31,789 shares of the company worth $1.08 million. Insiders disposed of 351,112 shares of company stock worth roughly $11.91 million over the past 1 year. A total of 0.54% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in IPG stock. A new stake in The Interpublic Group of Companies Inc. shares was purchased by ARROWSTREET CAPITAL, LIMITED PARTNERSHIP during the first quarter worth $20,474,000. SQUAREPOINT OPS LLC invested $5,000,000 in shares of IPG during the first quarter. In the first quarter, JEFFERIES FINANCIAL GROUP INC. acquired a new stake in The Interpublic Group of Companies Inc. valued at approximately $4,581,000. AMF TJANSTEPENSION AB acquired a new stake in IPG for approximately $4,056,000. Y-INTERCEPT (HONG KONG) LTD purchased a new stake in IPG valued at around $3,653,000 in the second quarter. In total, there are 1,059 active investors with 99.70% ownership of the company’s stock.
A candlestick chart of The Interpublic Group of Companies Inc. (NYSE: IPG) showed a price of $33.05 on Friday morning. During the past 12 months, The Interpublic Group of Companies Inc. has had a low of $25.14 and a high of $40.95. As of last week, the company has a debt-to-equity ratio of 0.87, a current ratio of 1.00, and a quick ratio of 1.00. According to the stock market information, the enterprise value for the company is $16.10B, which is based on a 14.09 price-to-earnings ratio, a 2.66 price-to-earnings-growth ratio, and a beta of 1.10. The fifty day moving average price for IPG is $37.64 and a two-hundred day moving average price translates $35.48 for the stock.
The latest earnings results from The Interpublic Group of Companies Inc. (NYSE: IPG) was released for Jun, 2023. According to the Advertising Agencies Company, earnings per share came in at $0.57, missing analysts’ expectations of $0.6 by -0.03. This compares to $0.58 EPS in the same period last year. The net profit margin was 8.70% and return on equity was 26.30% for IPG. The company reported revenue of $2.67 billion for the quarter, compared to $2.74 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -2.53 percent. For the current quarter, analysts expect IPG to generate $2.4B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 09/15/2023. Investors who held shares on 09/01/2023 were paid a $0.31 dividend. On an annualized basis, this represents a $1.24 dividend and a 3.65% percent yield. There was an ex-dividend date of 08/31/2023 for this dividend. In terms of dividend payout ratio, IPG is presently at 49.50%.
The Interpublic Group of Companies Inc.(IPG) Company Profile
The Interpublic Group of Companies, Inc. provides advertising and marketing services worldwide. It operates in three segments: Media, Data & Engagement Solutions, Integrated Advertising & Creativity Led Solutions, and Specialized Communications & Experiential Solutions. The Media, Data & Engagement Solutions segment provides media and communications services, digital services and products, advertising and marketing technology, e-commerce services, data management and analytics, strategic consulting, and digital brand experience under the IPG Mediabrands, UM, Initiative, Kinesso, Acxiom, Huge, MRM, and R/GA brand names. The Integrated Advertising & Creativity Led Solutions segment offers advertising, corporate, and brand identity services; and strategic consulting. Specialized Communications & Experiential Solutions segment provides public relations and other specialized communications services, events, sports and entertainment marketing, and strategic consulting. The company was formerly known as McCann-Erickson Incorporated and changed its name to The Interpublic Group of Companies, Inc. in `January 1961. The Interpublic Group of Companies, Inc. was founded in 1902 and is headquartered in New York, New York.
