The stock of Interpublic Group Of Cos. Inc. (NYSE:IPG) last traded at $28.73, up 1.16% 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 $43.00 and a low of $33.00, we find $38.00. Given the previous closing price of $28.40, this indicates a potential upside of 33.8 percent. IPG stock price is now -11.76% away from the 50-day moving average and -19.18% away from the 200-day moving average. The market capitalization of the company currently stands at $11.06B.
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In total, 10 analysts have assigned it a hold rating, and 5 have given it a buy rating. Brokers who have rated the stock have averaged $38.18 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 $0.77 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 $0.91 million. Insiders disposed of 344,612 shares of company stock worth roughly $9.9 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 $8,952,000. QUBE RESEARCH & TECHNOLOGIES LTD invested $7,596,000 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 $6,962,000. VANCITY INVESTMENT MANAGEMENT LTD acquired a new stake in IPG for approximately $6,083,000. MORAN WEALTH MANAGEMENT, LLC purchased a new stake in IPG valued at around $5,956,000 in the second quarter. In total, there are 1,059 active investors with 104.60% ownership of the company’s stock.
With an opening price of $28.59 on Wednesday 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 $25.14 and a high of $40.95. As of last week, the company has a debt-to-equity ratio of 1.29, 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 $13.96B, which is based on a 11.94 price-to-earnings ratio, a 2.25 price-to-earnings-growth ratio, and a beta of 1.13. The fifty day moving average price for IPG is $32.32 and a two-hundred day moving average price translates $35.53 for the stock.
The latest earnings results from Interpublic Group Of Cos. Inc. (NYSE: IPG) was released for Jun, 2023. According to the Advertising Agencies Company, earnings per share came in at $0.57, missing analysts’ expectations of $0.6 by -0.03. This compares to $0.58 EPS in the same period last year. The net profit margin was 8.70% 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 $2.4B 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 4.35% 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%.
