Interpublic Group Of Cos., Inc. [IPG] stock prices are down -0.26% to $30.27 at the moment. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The IPG shares have lost -1.34% over the last week, with a monthly amount drifted -6.66%, and not seem to be holding up well over a long-time horizon.
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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.
The stock price of Interpublic Group Of Cos., Inc. [IPG] has been fluctuating between $27.20 and $40.95 over the past year. 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 $30.27 at the most recent close of the market. An investor can expect a potential return of 87.48% based on the average IPG price forecast.
Analyzing the IPG fundamentals
The Interpublic Group Of Cos., Inc. [NYSE:IPG] reported sales of 10.89B for trailing twelve months, representing a surge of 1.25%. 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 29.95 points at the first support level, and at 29.63 for the second support level. However, for the 1st resistance point, the stock is sitting at 30.74, and for the 2nd resistance point, it is at 31.21.
Ratios To Look Out For
It’s worth pointing out that Interpublic Group Of Cos., Inc. [NYSE:IPG]’s Current Ratio is 1.06. Also, the Quick Ratio is 1.06, while the Cash Ratio stands at 0.23. Considering the valuation of this stock, the price to sales ratio is 1.05, the price to book ratio is 2.91 and price to earnings (TTM) ratio is 10.62.
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.
