Stocks of Interpublic Group Of Cos., Inc. (NYSE:IPG) traded higher last session on Wall Street, down -1.06% to $27.90.
According to the data, Interpublic Group Of Cos., Inc. (NYSE:IPG) has 15 analysts covering its stock. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $40.00 and a low of $30.00, we find $34.00. Given the previous closing price of $28.20, this indicates a potential upside of 20.57 percent. IPG stock price is now -8.62% away from the 50-day moving average and -20.60% away from the 200-day moving average. The market capitalization of the company currently stands at $10.74B.
A total of 8 analysts have issued a hold rating and 6 have given it a buy rating. Brokers who have rated the stock have averaged $34.25 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 Interpublic Group Of Cos., 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 $0.75 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 $0.89 million. Insiders disposed of 344,612 shares of company stock worth roughly $9.61 million over the past 1 year. A total of 0.39% 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 Interpublic Group Of Cos., Inc. shares was purchased by TWINBEECH CAPITAL LP during the first quarter worth $8,694,000. QUBE RESEARCH & TECHNOLOGIES LTD invested $7,377,000 in shares of IPG during the first quarter. In the first quarter, TUDOR INVESTMENT CORP ET AL acquired a new stake in Interpublic Group Of Cos., Inc. valued at approximately $6,761,000. VANCITY INVESTMENT MANAGEMENT LTD acquired a new stake in IPG for approximately $5,907,000. MORAN WEALTH MANAGEMENT, LLC purchased a new stake in IPG valued at around $5,784,000 in the second quarter. In total, there are 1,059 active investors with 103.56% ownership of the company’s stock.
Tuesday’s opening bell rang with an opening price of $28.45 for Interpublic Group Of Cos., Inc. (NYSE: IPG). During the past 12 months, Interpublic Group Of Cos., Inc. has had a low of $27.20 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 1.03, and a quick ratio of 1.03. According to the stock market information, the enterprise value for the company is $13.77B, which is based on a 11.63 price-to-earnings ratio, a 2.20 price-to-earnings-growth ratio, and a beta of 1.17. The fifty day moving average price for IPG is $30.43 and a two-hundred day moving average price translates $35.10 for the stock.
The latest earnings results from Interpublic Group Of Cos., Inc. (NYSE: IPG) was released for Sep, 2023. According to the Advertising Agencies Company, earnings per share came in at $0.7, missing analysts’ expectations of $0.73 by -0.03. This compares to $0.58 EPS in the same period last year. The net profit margin was 8.59% and return on equity was 26.41% 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 $2.64B 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 $1.25 dividend and a 4.47% 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 48.86%.
Interpublic Group Of Cos., 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.
