Interpublic Group Of Cos., Inc. (IPG) concluded trading on Thursday ata closing price of $31.07, with 3.05 million shares of worth about $94.78 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -2.05% during that period and on August 15, 2024 the price saw a gain of about 1.77%. Currently the company’s common shares owned by public are about 378.70M shares, out of which, 374.20M shares are available for trading.
Stock saw a price change of 2.07% in past 5 days and over the past one month there was a price change of 2.88%. Year-to-date (YTD), IPG shares are showing a performance of -4.81% which decreased to -4.75% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $27.20 but also hit the highest price of $35.17 during that period. The average intraday trading volume for Interpublic Group Of Cos., Inc. shares is 4.11 million. The stock is currently trading 2.10% above its 20-day simple moving average (SMA20), while that difference is up 3.99% for SMA50 and it goes to -0.17% lower than SMA200.
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Interpublic Group Of Cos., Inc. (NYSE: IPG) currently have 378.70M outstanding shares and institutions hold larger chunk of about 107.63% of that.
The stock has a current market capitalization of $11.67B and its 3Y-monthly beta is at 1.09. PE ratio of stock for trailing 12 months is 11.52, while it has posted earnings per share of $2.70 in the same period. Its PEG reads 1.89 and has Quick Ratio of 1.06 while making debt-to-equity ratio of 1.13. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for IPG, volatility over the week remained 1.64% while standing at 2.67% over the month.
Stock’s fiscal year EPS is expected to drop by -4.89% while it is estimated to increase by 3.56% in next year. EPS is likely to shrink at an annualized rate of 6.10% for next 5-years, compared to annual growth of 12.34% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Morgan Stanley on July 22, 2024 offering an Underweight rating for the stock and assigned a target price range of between $34 and $28 to it. Coverage by UBS stated Interpublic Group Of Cos., Inc. (IPG) stock as a Neutral in their note to investors on January 11, 2024, suggesting a price target of $36 for the stock. On July 24, 2023, Wells Fargo Downgrade their recommendations, while on March 30, 2023, BofA Securities Upgrade their ratings for the stock with a price target of $40. Stock get a Neutral rating from Exane BNP Paribas on March 29, 2023.
