At the time of writing, Interpublic Group Of Cos., Inc. [IPG] stock is trading at $33.03, up 1.47%. An important factor to consider is whether the stock is rising or falling in short-term value. The IPG shares have gain 3.70% over the last week, with a monthly amount glided 3.09%, and seem to be holding up well over a long-time horizon.
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On 13, March 2024, CARMICHAEL LYNCH EXPANDS FULL-SERVICE OFFERING TO PHILADELPHIA. In a post published today on Yahoo Finance, Today, Carmichael Lynch announced that Tierney, a leading marketing communications firm in the Mid-Atlantic, will become part of Carmichael Lynch effective May 1, 2024. With the addition of this office, the expanded full-service agency will maintain its headquarters in Minneapolis, along with offices in New York and now Philadelphia. Both agencies are owned by Interpublic Group (NYSE: IPG).
From an analyst’s perspective:
Interpublic Group Of Cos., Inc. [NYSE: IPG] stock has seen the most recent analyst activity on January 11, 2024, when UBS initiated its Neutral rating and assigned the stock a price target of $36. Previously, Wells Fargo downgraded its rating to Equal Weight on July 24, 2023, and dropped its price target to $33. On March 30, 2023, upgrade upgraded it’s rating to Buy and revised its price target to $40 on the stock. Exane BNP Paribas downgraded its rating to a Neutral but stick to its price target of $40 on March 29, 2023. MoffettNathanson downgraded its rating to a Market Perform and raised its price target to $37 on February 10, 2023. BofA Securities upgraded its rating to Neutral for this stock on January 05, 2023, and upped its price target to $36.
For the past year, the stock price of Interpublic Group Of Cos., Inc. fluctuated between $27.20 and $40.95. Currently, Wall Street analysts expect the stock to reach $56.75 within the next 12 months. Interpublic Group Of Cos., Inc. [NYSE: IPG] shares were valued at $33.03 at the most recent close of the market. An investor can expect a potential return of 71.81% based on the average IPG price forecast.
Analyzing the IPG fundamentals
According to Interpublic Group Of Cos., Inc. [NYSE:IPG], the company’s sales were 10.89B for trailing twelve months, which represents an 1.25% jump. Gross Profit Margin for this corporation currently stands at 0.16% with Operating Profit Margin at 0.14%, Pretax Profit Margin comes in at 0.13%, and Net Profit Margin reading is 0.1%. To continue investigating profitability, this company’s Return on Assets is posted at 0.06, Equity is 0.3 and Total Capital is 0.17. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.95.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 32.63 points at the first support level, and at 32.22 for the second support level. However, for the 1st resistance point, the stock is sitting at 33.33, and for the 2nd resistance point, it is at 33.62.
Interpublic Group Of Cos., Inc. [IPG] reported earnings per share of $1.18 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $1.13/share, meaning a difference of $0.05 and a surprise factor of 4.40%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.7 per share as compared to estimates of $0.73 per share, a difference of -$0.03 representing a surprise of -4.10%.
Ratios To Look Out For
It is important to note that Interpublic Group Of Cos., Inc. [NYSE:IPG] has a current ratio of 1.06. On the other hand, the Quick Ratio is 1.06, and the Cash Ratio is 0.23. Considering the valuation of this stock, the price to sales ratio is 1.15, the price to book ratio is 3.17 and price to earnings (TTM) ratio is 11.59.
Transactions by insiders
Recent insider trading involved KRAKOWSKY PHILIPPE, CEO, that happened on Feb 27 ’24 when 0.15 million shares were sold. EVP, General Counsel, Bonzani Andrew completed a deal on Feb 27 ’24 to sell 40468.0 shares. Meanwhile, CFO Johnson Ellen Tobi sold 40393.0 shares on Feb 27 ’24.
