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The Interpublic Group of Companies Inc. (NYSE: IPG): Get Ready For The Next Few Months

In today’s recent session, 0.62 million shares of the The Interpublic Group of Companies Inc. (NYSE:IPG) have been traded, and its beta is 1.11. Most recently the company’s share price was $35.67, and it changed around -$0.28 or -0.78% from the last close, which brings the market valuation of the company to $14.01B. IPG at last check was trading at a discount to its 52-week high of $39.52, offering almost -10.79% off that amount. The share price’s 52-week low was $25.14, which indicates that the recent value has risen by an impressive 29.52% since then. We note from The Interpublic Group of Companies Inc.’s average daily trading volume that its 10-day average is 2.51 million shares, with the 3-month average coming to 3.13 million.

The Interpublic Group of Companies Inc. stock received a consensus recommendation rating of an Overweight, based on a mean score of 2.40. If we narrow it down even further, the data shows that 0 out of 13 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 8 recommended IPG as a Hold, whereas 5 deemed it a Buy, and 0 rated it as Underweight. The Interpublic Group of Companies Inc. is expected to report earnings per share of $0.4 for the current quarter.

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The Interpublic Group of Companies Inc. (NYSE:IPG) trade information

Instantly IPG has been showing red trend so far today with a performance of -0.78% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 37.03 on Monday, 02/27/23 increased the stock’s daily price by 3.67%. The company’s shares are currently up 7.08% year-to-date, but still down -2.49% over the last five days. On the other hand, The Interpublic Group of Companies Inc. (NYSE:IPG) is -0.34% down in the 30-day period. We can see from the shorts that 10.89 million shares have been sold at a short interest cover period of 3.76 day(s).

The consensus price target as assigned by Wall Street analysts is $40.70, which translates to bulls needing to increase their stock price by 12.36% from its current value. Analyst projections state that IPG is forecast to be at a low of $37.00 and a high of $45.00. In order for the stock price to hit the forecast high, the stock would need to plunge -26.16% from its current level, while the stock would need to crash -3.73% from its current level to reach the projected low.

The Interpublic Group of Companies Inc. (IPG) estimates and forecasts

The Interpublic Group of Companies Inc. share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 24.98 percent over the past six months and at a 0.73% annual growth rate that is well below the industry average of 13.90%. Moreover, analysts have decided to roll up on their fiscal year 2023 revenue estimates. The rating firms predict that it will loss -14.90% in revenue this quarter, and will report a decrease of -3.20% in the next quarter. The year-over-year growth rate is expected to be 1.20%, up from the previous year.

Consensus estimates provided by 4 financial analysts predict the company will bring in an average of $2.2 billion in revenue for the current quarter. 4 analysts expect The Interpublic Group of Companies Inc. to make $2.38 billion in revenue for the quarter ending Jun 2023. The company’s sales for the same quarters a year ago were $2.23 billion and $2.38 billion respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -1.20%. Forecasts for the next quarter put sales growth at 0.10%.

Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 11.20%. The Interpublic Group of Companies Inc. earnings are expected to increase by -0.70% in 2023, but the outlook is positive 7.40% per year for the next five years.

IPG Dividends

The Interpublic Group of Companies Inc.’s next quarterly earnings report is expected to be released around April 26 and May 01. The annual dividend yield of the stock is 3.45 percent and its annual dividend per share was 1.24. It is important to note, however, that the 3.45% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision.

The Interpublic Group of Companies Inc. (NYSE:IPG)’s Major holders

Upon looking at major shareholders, it appears that insiders hold 0.48% of The Interpublic Group of Companies Inc. shares, and 103.52% of them are in the hands of institutional investors. The stock currently has a share float of 104.02%. The Interpublic Group of Companies Inc. stock is held by 1,005 institutions, with Vanguard Group, Inc. (The) being the largest institutional investor. By Sep 29, 2022, it held 12.67% of the shares, which is about 49.22 million shares worth $1.26 billion.

Blackrock Inc., with 10.40% or 40.42 million shares worth $1.03 billion as of Sep 29, 2022, holds the second largest percentage of outstanding shares.

Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund were the top two Mutual Funds as of Sep 29, 2022. The former held 11.63 million shares worth $297.62 million, making up 2.99% of all outstanding shares. On the other hand, Vanguard 500 Index Fund held roughly 8.87 million shares worth around $227.01 million, which represents about 2.28% of the total shares outstanding.

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