In yesterday’s Wall Street session, Interpublic Group Of Cos., Inc. (NYSE:IPG) shares traded at $32.77, up 2.21% from the previous session.
IPG stock price is now 1.33% away from the 50-day moving average and 0.83% away from the 200-day moving average. The market capitalization of the company currently stands at $12.41B.
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With the price target of $36, UBS recently initiated with Neutral rating for Interpublic Group Of Cos., Inc. (NYSE: IPG). On July 24, 2023, Wells Fargo Downgraded its previous ‘Overweight’ rating to ‘Equal Weight’ on the stock reducing its target price from $43 to quote $33, while ‘BofA Securities’ rates the stock as ‘Buy’
In other news, KRAKOWSKY PHILIPPE, CEO sold 150,403 shares of the company’s stock on Feb 27 ’24. The stock was sold for $4,842,977 at an average price of $32.20. Upon completion of the transaction, the CEO now directly owns 415,776 shares in the company, valued at $13.62 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 27 ’24, EVP, General Counsel Bonzani Andrew sold 40,468 shares of the business’s stock. A total of $1,303,070 was realized by selling the stock at an average price of $32.20. This leaves the insider owning 70,431 shares of the company worth $2.31 million. A total of 0.35% of the company’s stock is owned by insiders.
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 1.18, a current ratio of 1.06, and a quick ratio of 1.06. According to the stock market information, the enterprise value for the company is $14.70B, which is based on a 11.50 price-to-earnings ratio, a 1.92 price-to-earnings-growth ratio, and a beta of 1.13. The fifty day moving average price for IPG is $32.36 and a two-hundred day moving average price translates $32.46 for the stock.
The latest earnings results from Interpublic Group Of Cos., Inc. (NYSE: IPG) was released for Dec, 2023. According to the Advertising Agencies Company, earnings per share came in at $1.18, beating analysts’ expectations of $1.13 by 0.05. This compares to $0.78 EPS in the same period last year. The net profit margin was 10.09% and return on equity was 28.94% for IPG. The company reported revenue of $3.02 billion for the quarter, compared to $2.99 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 1.25 percent. For the current quarter, analysts expect IPG to generate $2.27B in revenue.
