Redburn lifts The Interpublic Group of Companies Inc. [IPG] price estimate. Who else is bullish?
The Interpublic Group of Companies Inc. [NYSE: IPG] Loss -1.17% or -0.31 points to close at $26.26 with a heavy trading volume of 2735990 shares. Company report on September 21 2022 Sellers.guide by Primis announces the Transparency Status Report.
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The trading session opened at $26.70, the shares rose to $26.79 and fell to $26.25, the range in which the share price has traded all day. IPG’s daily chart indicates that the company posted a 25.25% loss over the past six months. However, it is still 0.38% lower than the most recent trading low.
If we look at the average trading volume of 3.07 million shares, IPG’s stock reached a volume of 2735990 on the last trading day, which is why market watchers consider the stock to be active.
Here’s what top stock market experts have to say about the Interpublic Group of Companies Inc. [IPG]:
Based on careful, fact-backed analysis by Wall Street experts, the current consensus on IPG’s stock price target is $33.87 per share. Target price analysis and stock performance are usually carefully studied by market experts, and the current Wall Street consensus on IPG stock is a set recommendation at 2.40. This rating represents a strong buy recommendation, on a scale of 1 to 5, where 5 means strong sell, 4 represents sell, 3 represents hold, and 2 indicates buy.
Redburn made a stock appreciation for The Interpublic Group of Companies Inc. , retaining their opinion on the stock as neutral, with their previous recommendation back on September 08, 2022. While these analysts kept the previous recommendation, Exane BNP Paribas raised its target price to outperform. The new note to price target was issued on August 25, 2022, which is the official target price for the shares of the Interpublic Group of Companies Inc. Previously, the target price had fallen again from $40 to $33, while Wells Fargo maintained an overweight rating on the IPG stock.
The Average True Range (ATR) of the Interpublic Group of companies is set at 0.74, with the price-to-sales ratio for IPG stock in the past twelve-month period is 0.97. The price-to-book ratio for the last quarter was 3.00, with the price-to-cash-to-cash ratio for the same quarter set at 4.98. IPG’s free cash flow rate for the past 12 months was 21.68 with a Q4 quick ratio of 1.00.
IPG stock trading performance analysis
The Interpublic Group of Companies Inc. [IPG] It fell into the red at the end of last week, fell in a negative direction and fell by -5.61. With this latest performance, IPG’s shares are down -8.82% over the past four-week period, as well as -25.25% over the past six months – not to mention a -29.01% drop in the past year of trading.
Overbought and oversold stocks can be easily tracked by the Relative Strength Index (RSI), where an RSI result of over 70 is overbought, and any price below 30 indicates oversold conditions. The RSI of 50 represents neutral momentum in the market. The current RSI for the IPG stock for the past two weeks was set at 35.47, with the RSI for the last one trading at 31.69, and the three-week RSI set at 38.16 for Interpublic Group Inc. [IPG]. The current moving average of the last 50 trading days for this stock is 28.78, while it recorded at 26.94 for the last trading week, and 32.63 for the last 200 days.
The Interpublic Group of Companies Inc. [IPG]A deeper look at fundamental analysis
Operating margin for any stock indicates how profitable the investment is, and The Interpublic Group of Companies Inc. [IPG] The stock currently has an operating margin of +14.13 and a gross margin of +15.32. Net margin was recorded for the Interpublic Group of Companies Inc. Currently at +9.30.
The return on equity for this stock increased to 29.68, with the return on assets remaining at 5.02.
The liquidity data of the Interpublic Group of Companies Inc. Interesting too, with a quick ratio of 1.00 and a current ratio set at 1.00.
The Interpublic Group of Companies Inc. [IPG]Earnings per share (EPS) analysis
The company’s progress can be seen through the perspective of the EPS growth rate, while Wall Street analysts focus on forecasting the 5-year EPS growth rate for IPG. When it comes to the stated value, analysts expect 5-year EPS growth to rise for The Interpublic Group of Companies Inc. to 3.80%.
Insider Ownership Analysis at The Interpublic Group of Companies Inc. [IPG]
There are currently approximately $10,110 million in the hands of institutional investors. The three largest institutional owners of IPG shares are: VANGUARD GROUP INC with 48,919,979 ownership, which is approximately 2.541% of the company’s market capitalization and about 0.10% of the total institutional ownership; BLACKROCK INC. , owns 4,0472,086 shares with an approximate value of $1.06 billion in IPG stock; and FMR LLC, currently holding $587.63 million in IPG stock with ownership of approximately -33.466% of the company’s market capitalization.
Positions in the shares of the Interpublic Group of Companies Inc. have increased. held by institutional investors at the end of July and at the time of the July report, as 355 institutional investors consolidated their positions at The Interpublic Group of Companies Inc. [NYSE:IPG] About 2,3667.008 shares. In addition, 348 investors decreased positions by 2,8764.588 shares, while 81 investors held positions with 332,562,517 shares. The said changes put institutional holdings at 3,8499,413, according to the latest report from the Securities and Exchange Commission. IPG had 72 new institutional investments totaling 3,014,872 shares, while 111 institutional investors sold deals totaling 2,916,642 shares during the same period.