In yesterday’s Wall Street session, Interpublic Group Of Cos., Inc (NYSE:IPG) shares traded at $29.07, up 1.54% from the previous session.
IPG stock price is now -2.71% away from the 50-day moving average and -5.24% away from the 200-day moving average. The market capitalization of the company currently stands at $11.00B.
With the price target enhanced from $26 to $34, Wells Fargo Upgraded its rating from Underweight to Equal Weight for Interpublic Group Of Cos., Inc (NYSE: IPG). On October 23, 2024, Wells Fargo Downgraded its previous ‘Equal Weight’ rating to ‘Underweight’ on the stock reducing its target price from $28 to quote $26, while ‘JP Morgan’ rates the stock as ‘Neutral’
In other news, CARROLL CHRISTOPHER F, SVP, Controller & CAO sold 18,382 shares of the company’s stock on Feb 27 ’24. The stock was sold for $591,900 at an average price of $32.20. Upon completion of the transaction, the SVP, Controller & CAO now directly owns 42,390 shares in the company, valued at $1.23 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 27 ’24, CFO Johnson Ellen Tobi sold 40,393 shares of the business’s stock. A total of $1,300,655 was realized by selling the stock at an average price of $32.20. This leaves the insider owning 88,350 shares of the company worth $2.57 million. A total of 0.37% of the company’s stock is owned by insiders.
During the past 12 months, Interpublic Group Of Cos., Inc has had a low of $26.88 and a high of $35.17. As of last week, the company has a debt-to-equity ratio of 1.15, a current ratio of 1.09, and a quick ratio of 1.09. According to the stock market information, the enterprise value for the company is $13683825664, which is based on a 13.73 price-to-earnings ratio, a 7.22 price-to-earnings-growth ratio, and a beta of 1.10. The fifty day moving average price for IPG is $29.8794 and a two-hundred day moving average price translates $30.67785 for the stock.
The latest earnings results from Interpublic Group Of Cos., Inc (NYSE: IPG) was released for 2024-09-30. The net profit margin was 7.44% and return on equity was 21.83% for IPG. The company reported revenue of $2.63 billion for the quarter, compared to $2.68 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -1.86 percent.
