Wall Street Analyst Resumed The Interpublic Group of Companies Inc. [IPG]. What else is Wall St. saying
The Interpublic Group of Companies Inc. [NYSE: IPG] The trading session closed at $26.21 on 09/22/22. Today’s price range saw the stock record a low of $25.495 and a high of $26.48. Company report on September 21 2022 Sellers.guide by Primis announces the Transparency Status Report.
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The stocks have a year-to-date performance of -30.01 percent and a weekly performance of -1.35 percent. The stock has moved at -29.52 percent over the past six months. The stock has performed -7.48 percent in the last 30 days and changed -4.48 percent over the last three months.
If compared to the average trading volume of 2.97 million shares, IPG’s stock reached a volume of 4175,130 on the last trading day, which is why market watchers consider the stock to be active.
Here’s what leading stock market gurus are saying 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) for the Interpublic Group of Companies Inc. at 0.77, with a price-to-sales ratio for IPG stock in the past twelve months at 0.97. The price-to-book ratio for the last quarter was 3.00, with the price-to-cash ratio per share in the same quarter set at 4.99. IPG’s free cash flow rate for the past 12 months was 21.60 with a Q4 quick ratio of 1.00.
IPG stock trading performance evaluation
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 -1.35. With this latest performance, IPG shares are down -7.48% over the past four-week period, as well as -29.52% over the past six months – not to mention a -30.18% drop in the last 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 in the past two week period is set at 40.02, with the RSI for the last one trading at 40.67, and the three-week RSI is set at 40.72 for the Interpublic Group of Companies Inc. [IPG]. The current moving average of the last 50 trading days for this stock is 28.56, while it recorded at 25.81 for the last trading week, and 32.42 for the last 200 days.
The Interpublic Group of Companies Inc. [IPG]: Insight into the basic fundamentals
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.
Earnings per share (EPS) analysis of the Interpublic Group of Companies Inc. [IPG] stock
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%.
The Interpublic Group of Companies Inc. [IPG]: Insiders ownership positions
There are currently approximately $10,091 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 holds $586.51 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.