Currently, there are 378.70M common shares owned by the public and among those 371.12M shares have been available to trade.
The company’s stock has a 5-day price change of -7.09% and -11.94% over the past three months. IPG shares are trading -15.69% year to date (YTD), with the 12-month market performance down to -7.74% lower. It has a 12-month low price of $27.01 and touched a high of $35.17 over the same period. IPG has an average intraday trading volume of 3.82 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -6.73%, -9.91%, and -11.11% respectively.
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Institutional ownership of Interpublic Group Of Cos., Inc (NYSE: IPG) shares accounts for 105.31% of the company’s 378.70M shares outstanding.
It has a market capitalization of $9.51B and a beta (3y monthly) value of 1.08. The stock’s trailing 12-month PE ratio is 12.99, while the earnings-per-share (ttm) stands at $2.12. The company has a PEG of 3.09 and a Quick Ratio of 1.09 with the debt-to-equity ratio at 1.15. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.17% over the week and 2.37% over the month.
Analysts forecast that Interpublic Group Of Cos., Inc (IPG) will achieve an EPS of 1.17 for the current quarter, 0.34 for the next quarter and 2.79 for current fiscal year. The lowest estimate earnings-per-share for the quarter is 1.13 while analysts give the company a high EPS estimate of 1.13. Comparatively, EPS for the current quarter was 1.18 a year ago. Earnings per share for the fiscal year are expected to decrease by -5.20%, and -2.01% over the next financial year. EPS should shrink at an annualized rate of 4.20% over the next five years, compared to 12.34% over the past 5-year period.
Looking at the support for the IPG, a number of firms have released research notes about the stock. Wells Fargo stated their Underweight rating for the stock in a research note on October 23, 2024, with the firm’s price target at $28-$26. JP Morgan coverage for the Interpublic Group Of Cos., Inc (IPG) stock in a research note released on October 01, 2024 offered a Neutral rating with a price target of $33. Exane BNP Paribas was of a view on September 30, 2024 that the stock is Underperform, while UBS gave the stock Sell rating on September 12, 2024, issuing a price target of $34- $29. Morgan Stanley on their part issued Underweight rating on July 22, 2024.
