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.
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.