Currently, there are 376.37M common shares owned by the public and among those 371.26M shares have been available to trade.
The company’s stock has a 5-day price change of -0.17% and -2.04% over the past three months. IPG shares are trading 2.78% year to date (YTD), with the 12-month market performance down to -13.25% lower. It has a 12-month low price of $26.30 and touched a high of $35.17 over the same period. IPG has an average intraday trading volume of 5.77 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 2.34%, -0.17%, and -4.45% respectively.
Institutional ownership of Interpublic Group Of Cos., Inc (NYSE: IPG) shares accounts for 106.64% of the company’s 376.37M shares outstanding.
It has a market capitalization of $10.73B and a beta (3y monthly) value of 1.12. The stock’s trailing 12-month PE ratio is 13.60, while the earnings-per-share (ttm) stands at $2.12. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.12% over the week and 1.93% over the month.
Earnings per share for the fiscal year are expected to decrease by -5.73%, and -2.89% over the next financial year. EPS should shrink at an annualized rate of -1.31% 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. JP Morgan stated their Overweight rating for the stock in a research note on January 27, 2025, with the firm’s price target at $32-$39. Barclays coverage for the Interpublic Group Of Cos., Inc (IPG) stock in a research note released on January 24, 2025 offered a Overweight rating with a price target of $36. Exane BNP Paribas was of a view on January 10, 2025 that the stock is Outperform, while Wells Fargo gave the stock Equal Weight rating on December 10, 2024, issuing a price target of $26- $34. Wells Fargo on their part issued Underweight rating on October 23, 2024.
