As of Friday close, The Interpublic Group of Companies Inc.’s (NYSE:IPG) stock was down -$0.46, moving down -1.57 percent to $28.85. The average number of shares traded per day over the past five days has been 3,386,880 shares. 1 time new highs have been achieved over the past 5 days, with a -$1.89 fall in that time frame. In the last twenty days, the average volume was 3,278,565, while in the previous 50 days, it was 4,604,952.
Since last month, IPG stock retreated -11.64%. Shares of the company fell to $28.81 on 09/22/23, the lowest level in the past month. A 52-week high of $40.95 was reached on 06/14/23 after having rallying from a 52-week low of $25.14. Since the beginning of this year, IPG’s stock price has dropped by -13.39% or -$4.46, and marked a new high 18 times. However, the stock has declined by -29.55% since its 52-week high.
IPG stock investors should be aware that The Interpublic Group of Companies Inc. (IPG) stock had its last reported insider trading activity 192 days ago on Mar 15. HUDSON DAWN E, the Director of the company, disposed of 5,950 shares for $33.15 on Mar 15. It resulted in a $197,242 divestment by the insider. Carter-Miller Jocelyn sold 6,425 shares at an average price of $35.50 on Mar 02. The insider now owns 31,789 shares following the transaction. On Mar 01, CEO KRAKOWSKY PHILIPPE sold 71,020 shares at $35.61 apiece. The transaction was valued at $2,529,022.
Valuation Metrics
Right now, The Interpublic Group of Companies Inc. (IPG) has a P/E ratio of about 11.98. The stock’s beta is 1.12. Besides these, the trailing price-to-sales (P/S) ratio of 1.04, the price-to-book (PB) ratio of 3.02, and the price-to-cash flow ratio of 19.84 may also be considered.
The latest dividend of $0.31 per share was paid out, remained unchanged from last year’s $0.31. On Thursday February 9 2023, a $0.02 dividend increase was announced.
Financial Health
In the three months ended June 29, The Interpublic Group of Companies Inc.’s quick ratio stood at 1.00, while its current ratio was 1.00, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.79, and the total debt-to-equity ratio was 0.87. On the profitability front, the trailing twelve-month gross margin is 16.00% percent. In the year ended June 29, EBITDA margin amounted to 16.08%, whereas operating margins totaled 11.80%. Based on annual data, IPG earned $1.84 billion in gross profit and brought in $10.93 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 16.00%. Return on equity (ROE) for the past 12 months was 26.30%.
In The Interpublic Group of Companies Inc.’s quarter-end financial report for June 29, it reported total debt of $2.92 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. IPG’s revenue fell -2.6% to $2.52 billion during the quarter, while net income inched up to $2.67 billion. While analysts expected The Interpublic Group of Companies Inc. to report $0.6 quarterly earnings, the actual figure was $0.57 per share, beating the consensus estimate by -5.00%. During the quarter, the company generated $390.7 million in EBITDA. The liabilities of The Interpublic Group of Companies Inc. were 13.36 billion at the end of its most recent quarter ended June 29, and its total debt was $4.76 billion. The value of shareholders’ equity is $384.94 million.
Technical Picture
This quick technical analysis looks at The Interpublic Group of Companies Inc.’s (IPG) price momentum. With a historical volatility rate of 19.85%, the RSI 9-day stood at 15.18% on 22 September.
With respect to its five-day moving average, the current The Interpublic Group of Companies Inc. price is down by -6.15% percent or -$1.89. At present, IPG shares trade -10.71% below its 20-day simple moving average and -20.19% percent below its 100-day simple moving average. However, the stock is currently trading approximately -26.80% below its SMA50 and -12.66% below its SMA200.
Stochastic coefficient K was 1.47% and Stochastic coefficient D was 4.36%, while ATR was 0.66. Given the Stochastic reading of 1.04% for the 14-day period, the RSI (14) reading has been calculated as 21.29%. As of today, the MACD Oscillator reading stands at -1.01, while the 14-day reading stands at -1.63.
Analyst Ratings
The Interpublic Group of Companies Inc. downgraded its rating on The Interpublic Group of Companies Inc. (NYSE: IPG) to an Equal weight in a note to investors on July 24, 2023. The analysts firm previously had an Overweight rating on the stock.
With a median target price of $38.00, the current consensus forecast for the stock is $33.00 – $43.00. Based on these forecasts, analysts predict The Interpublic Group of Companies Inc. (IPG) will achieve an average price target of $38.18.
