The stock of Interpublic Group Of Cos., Inc. (NYSE:IPG) last traded at $29.83, down -1.36% from the previous session.
Data from the available sources indicates that Interpublic Group Of Cos., Inc. (NYSE:IPG) is covered by 15 analysts. 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 $29.00, we find $34.00. Given the previous closing price of $30.24, this indicates a potential upside of 12.43 percent. IPG stock price is now 1.95% away from the 50-day moving average and -13.60% away from the 200-day moving average. The market capitalization of the company currently stands at $11.42B.
Elon Musk just Triggered a BOOM in These Stocks
Something strange is happening in the stock market…. This select group of stocks are going absolutely bananas. And it's all because of Elon Musk. Get your copy of "Top 5 Tech Stocks to Buy in 2024"
Click Here to Download the FREE Report.
Sponsored
In total, 8 analysts have assigned it a hold rating, and 6 have given it a buy rating. Brokers who have rated the stock have averaged $34.00 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 $0.8 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 $0.95 million. Insiders disposed of 344,612 shares of company stock worth roughly $10.28 million over the past 1 year. A total of 0.37% of the company’s stock is owned by insiders.
With an opening price of $30.24 on Thursday morning, Interpublic Group Of Cos., Inc. (NYSE: IPG) set off the trading day. 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 1.28, a current ratio of 1.04, and a quick ratio of 1.04. According to the stock market information, the enterprise value for the company is $14.60B, which is based on a 12.43 price-to-earnings ratio, a 2.59 price-to-earnings-growth ratio, and a beta of 1.16. The fifty day moving average price for IPG is $29.21 and a two-hundred day moving average price translates $34.49 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 $0.65 EPS in the same period last year. The net profit margin was 8.59% and return on equity was 26.32% for IPG. The company reported revenue of $2.68 billion for the quarter, compared to $2.64 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 1.55 percent. For the current quarter, analysts expect IPG to generate $2.56B in revenue.
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.
