The stock of The Interpublic Group of Companies Inc. (NYSE:IPG) decreased by -$0.16 on Tuesday to finish at $30.29, down -0.53 percent. The last five days have seen an average of 5,067,020 shares of common stock traded. 18 times new highs were reached in the current year, with a fall of -$3.02. The average number of shares traded over the last 20 days was 3,012,720, while the average volume over the last 50 days totaled 4,532,516.
IPG stock dropped -6.37% since last month. On 09/18/23, the company’s shares reached a one-month low of $30.05. The stock touched a high of $40.95 on 06/14/23, after rallying from a low of $25.14 in 52 weeks. The price of IPG stock has declined by -9.07% or -$3.02 this year, reaching a new high 18 times. Still, the stock price is down -26.03% from the 52-week high.
Insider Transactions
IPG stock investors should be aware that The Interpublic Group of Companies Inc. (IPG) stock had its last reported insider trading activity 189 days ago on Mar 15. On Mar 15, Director HUDSON DAWN E sold 5,950 shares at $33.15 each. This transaction resulted in the insider making $197,242. On Mar 02, Carter-Miller Jocelyn sold 6,425 shares at a price of US$35.50. After the transaction, the insider now owns 31,789 shares. CEO KRAKOWSKY PHILIPPE had earlier sold 71,020 shares on Mar 01 for $35.61 a share. The transaction was completed for $2,529,022.
Valuation Metrics
The Interpublic Group of Companies Inc. (IPG) has a trailing price-to-earnings (P/E) ratio of 12.58. Beta for the stock is 1.11. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 1.09, the price-to-book (PB) ratio of 3.17, and the price-to-cash flow ratio of 20.83.
Company paid $0.31 per share in dividends, remained unchanged from $0.31 last year. A $0.02 dividend increase was reported on Thursday February 9 2023.
Financial Health
For the three months ended June 29, The Interpublic Group of Companies Inc.’s quick ratio was 1.00, while its current ratio was 1.00, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 0.79, and the total debt to equity ratio is 0.87. As far as profitability goes, gross margin for the trailing twelve months is 16.00% percent. The Interpublic Group of Companies Inc.’s EBITDA margin for the year ended June 29 was 16.08%, whereas its operating margin stood at 11.80% for the same period. Based on annual data, it had gross profit of $1.84 billion and revenue of $10.93 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. IPG’s return on assets (ROA) during the last 12 months has been 5.40%. There was a 16.00% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 26.30%.
Earnings Surprise
According to The Interpublic Group of Companies Inc.’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $2.67 billion, while revenues fell by -2.6% to $2.52 billion. It was predicted that The Interpublic Group of Companies Inc.’s quarterly earnings would be $0.57, but it ended up being $0.6, beating the consensus by -5.00%. EBITDA was $390.7 million for the quarter. At the end of The Interpublic Group of Companies Inc.’s most recent quarter ended June 29, its liabilities totaled 13.36 billion, while its total debt was $4.76 billion. Equity owned by shareholders amounts to $384.94 million.
Technical Picture
Here’s a quick look at The Interpublic Group of Companies Inc.’s (IPG) price momentum from a technical perspective. As of 19 September, the RSI 9-day stood at 24.66%, suggesting the stock is oversold, with a 21.66% historical volatility rate.
The stochastic %K and %D were 10.54% and 13.16% respectively, while the average true range (ATR) was 0.66. Based on the 14-day stochastic reading of 7.77%, the RSI (14) reading is 28.74%. On the 9-day MACD Oscillator, the stock is at -0.71, and the 14-day reading is at -1.19.
Analyst Ratings
The Interpublic Group of Companies Inc. (NYSE: IPG) was downgraded by Wells Fargo to a an Equal weight rating in its latest research report. The stock was previously rated as a an Overweight. Analysts have assigned The Interpublic Group of Companies Inc. (IPG) an Overweight rating. IPG is a stock that is recommended for selling by 0 brokerage firms, while 10 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 5 others recommend it as a buy.
What is IPG’s price target for the next 12 months?
The current consensus forecast for the stock is between $33.00 and $43.00, with a median target price of $38.00. In analyzing these forecasts, the average price target given by analysts for The Interpublic Group of Companies Inc. (IPG) is $38.55.
