Interpublic Group Of Cos., Inc. (NYSE:IPG) has a beta value of 1.08 and has seen 0.94 million shares traded in the recent trading session. The company, currently valued at $11.96B, closed the recent trade at $31.83 per share which meant it gained $0.2 on the day or 0.65% during that session. The IPG stock price is -10.49% off its 52-week high price of $35.17 and 14.55% above the 52-week low of $27.20. If we look at the company’s 10-day average daily trading volume, we find that it stood at 3.7 million shares traded. The 3-month trading volume is 3.86 million shares.
The consensus among analysts is that Interpublic Group Of Cos., Inc. (IPG) is Buy stock at the moment, with a recommendation rating of 2.80. 1 analysts rate the stock as a Sell, while 0 rate it as Overweight. 3 out of 10 have rated it as a Hold, with 6 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is 0.7.
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Interpublic Group Of Cos., Inc. (NYSE:IPG) trade information
Sporting 0.65% in the green today, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the IPG stock price touched $31.83 or saw a rise of 0.53%. Year-to-date, Interpublic Group Of Cos., Inc. shares have moved -2.47%, while the 5-day performance has seen it change 2.63%. Over the past 30 days, the shares of Interpublic Group Of Cos., Inc. (NYSE:IPG) have changed 1.93%. Short interest in the company has seen 25.86 million shares shorted with days to cover at 6.3.
Wall Street analysts have a consensus price target for the stock at $37.5, which means that the shares’ value could jump 15.12% from the levels at last check today. The projected low price target is $31.0 while the price target rests at a high of $112.0. In that case, then, we find that the latest price level in today’s session is -251.87% off the targeted high while a plunge would see the stock lose 2.61% from the levels at last check today.
Interpublic Group Of Cos., Inc. (IPG) estimates and forecasts
Figures show that Interpublic Group Of Cos., Inc. shares have underperformed across the wider relevant industry. The company’s shares have gained 5.17% over the past 6 months, with this year growth rate of -5.35%, compared to 6.00% for the industry. Revenue growth from the last financial year stood is estimated to be 0.10%.
6 analysts offering their estimates for the company have set an average revenue estimate of 2.3B for the current quarter. 5 have an estimated revenue figure of 2.59B for the next ending quarter. Year-ago sales stood 2.38B and 2.59B respectively for this quarter and the next, and analysts expect sales will shrink by -3.30% for the current quarter and 0.10% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 12.34% over the past 5 years. Earnings growth for 2024 is a modest -4.82% while over the next 5 years, the company’s earnings are expected to increase by 3.66%.
IPG Dividends
Interpublic Group Of Cos., Inc. is expected to release its next earnings report on 2024-Oct-22 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 1.30 at a share yield of 4.08%. The company’s dividend yield has gone up over the past 12 months, with a 5 Year Average Dividend Yield of 3.95%.
Interpublic Group Of Cos., Inc. (NYSE:IPG)’s Major holders
Insiders own 0.39% of the company shares, while shares held by institutions stand at 107.56% with a share float percentage of 107.98%. Investors are also buoyed by the number of investors in a company, with Interpublic Group Of Cos., Inc. having a total of 1025.0 institutions that hold shares in the company. The top two institutional holders are VANGUARD GROUP INC with over 46.06 million shares worth more than $1.34 billion. As of 2024-06-30, VANGUARD GROUP INC held 12.2391% of shares outstanding.
The other major institutional holder is BLACKROCK INC., with the holding of over 43.36 million shares as of 2024-06-30. The firm’s total holdings are worth over $1.26 billion and represent 11.5235% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are SPDR (R) Idx Shares-SPDR Communication Services Select Sector ETF and Vanguard Total Stock Market Index Fund. As of Sep 30, 2024, the former fund manager holds about 3.17% shares in the company for having 11.91 shares of worth $378.63 million while later fund manager owns 11.85 shares of worth $376.71 million as of Jun 30, 2024, which makes it owner of about 3.15% of company’s outstanding stock.
