The Interpublic Group of Companies Inc. (NYSE:IPG) saw a downside of -2.20% to close Tuesday at $33.30 after subtracting -$0.75 on the day. The 5-day average trading volume is 5,629,940 shares of the company’s common stock. It has gained $35.24 in the past week and touched a new high 2 times within the past 5 days. An average of 6,903,995 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 5,566,542.
IPG’s 1-month performance is -12.67% or -$4.64 on its low of $31.38 reached on 07/24/23. The company’s shares have touched a 52-week low of $25.14 and high of $40.95, with the stock’s rally to the 52-week high happening on 06/14/23. YTD, IPG has lost -0.03% or -$0.01 and has reached a new high 18 times. However, the current price is down -18.68% from the 52-week high price.
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Insider Transactions
IPG stock investors last saw insider trading activity on Mar 15.HUDSON DAWN E (Director) most recently sold 5,950 shares at $33.15 per share on Mar 15. This transaction cost the insider $197,242. Director, Carter-Miller Jocelyn, sold 6,425 shares at a price of $35.50 on Mar 02. Then, on Mar 01, CEO KRAKOWSKY PHILIPPE sold 71,020 shares at a price of $35.61 per share. This transaction amounted to $2,529,022.
Valuation Metrics
IPG stock has a beta of 1.10. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.16 while the price-to-book (PB) in the most recent quarter is 3.48, with the price to cash flow ratio at 128.60.
The Interpublic Group of Companies Inc.’s quick ratio for the period ended June 29 was 1.00, with the current ratio over the same period at 1.00. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.79, while the total debt to equity was 0.87.. In terms of profitability, the gross margin trailing 12 months is 16.00%. The trailing 12-month EBITDA margin is 16.08% while for the period ending June 29, The Interpublic Group of Companies Inc.’s operating margin was 11.80%. The firm’s gross profit as reported stood at $1.84 billion against revenue of $10.93 billion.
Earnings Surprise
For the quarterly period ending June 29 this year, The Interpublic Group of Companies Inc.’s cash and short-term investments amounted to $102.8 million against total debt of $4.76 billion. Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 13.52% to $265.5 million, while revenue of $126.0 million was 52.54% off the previous quarter. Analysts expected IPG to announce $0.6 per share in earnings in its latest quarter, but it posted $0.57, representing a -5.00% surprise. EBITDA for the quarter stood at more than $390.7 million. IPG stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 13.36 billion, with total debt at $4.76 billion. Shareholders hold equity totaling $384.94 million.
Let’s look briefly at The Interpublic Group of Companies Inc. (IPG) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 08 August was 37.21% to suggest the stock is trending Neutral, with historical volatility in this time period at 26.59%.
The stock’s 5-day moving average is $33.65, reflecting a -1.94% or -$0.66 change from its current price. IPG is currently trading -14.29% above its 20-day SMA, +0.24% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -11.18% and SMA200 by+16.88%.
Stochastic %K and %D was 29.37% and 26.42% and the average true range (ATR) pointed at 1.07. The RSI (14) points at 37.64%, while the 14-day stochastic is at 28.51% with the period’s ATR at 1.06. The stock’s 9-day MACD Oscillator is pointing at 0.07 and 0.08 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for The Interpublic Group of Companies Inc. (NYSE: IPG), Wells Fargo downgraded it to an Equal weight rating. They previously had an Overweight rating on the stock. Analysts offering their rating for IPG stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate IPG as a “sell,”, while 10 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 5 have offered a “buy” rating.
