In the latest trading session, 1.5 million Interpublic Group Of Cos., Inc. (NYSE:IPG) shares changed hands as the company’s beta touched 1.08. With the company’s most recent per share price at $30.00 changed hands at -$1.62 or -5.12% at last look, the market valuation stands at $11.27B. IPG’s current price is a discount, trading about -17.23% off its 52-week high of $35.17. The share price had its 52-week low at $27.53, which suggests the last value was 8.23% up since then. When we look at Interpublic Group Of Cos., Inc.’s average trading volume, we note the 10-day average is 4.19 million shares, with the 3-month average coming to 3.91 million.
Analysts gave the Interpublic Group Of Cos., Inc. (IPG) stock a consensus recommendation rating of Buy, calculated at a mean rating of 2.80. If we narrow down to specifics, the data shows that 1 out of 10 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 3 recommended IPG as a Hold, 6 felt it is a Buy and 0 rated the stock as Underweight. Interpublic Group Of Cos., Inc.’s EPS for the current quarter is expected to be 0.7.
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Interpublic Group Of Cos., Inc. (NYSE:IPG) trade information
Instantly IPG was in red as seen in intraday trades today. With action -5.15%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -8.09%, with the 5-day performance at -5.15% in the red. However, in the 30-day time frame, Interpublic Group Of Cos., Inc. (NYSE:IPG) is -4.15% down. Looking at the short shares, we see there were 25.86 million shares sold at short interest cover period of 6.3 days.
The consensus price target for the stock as assigned by Wall Street analysts is 37.5, meaning bulls need an upside of 20.0% from its recent market value. According to analyst projections, IPG’s forecast low is 31 with 112 as the target high. To hit the forecast high, the stock’s price needs a -273.33% plunge from its current level, while the stock would need to soar -3.33% for it to hit the projected low.
Interpublic Group Of Cos., Inc. (IPG) estimates and forecasts
Data shows that the Interpublic Group Of Cos., Inc. share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -3.19% over the past 6 months, a -5.35% in annual growth rate that is considerably lower than the industry average of 6.10%. Year-over-year growth is forecast to reach 0.10% up from the last financial year.
Consensus estimates given by 6 financial analysts project the company’s revenue in the current quarter to hit an average of 2.3B. 5 analysts are of the opinion that Interpublic Group Of Cos., Inc.’s revenue for the current quarter will be 2.59B. The company’s revenue for the corresponding quarters a year ago was 2.38B and 2.59B respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -3.30%. The estimates for the next quarter sales put growth at -0.00%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 12.34%. The 2024 estimates are for Interpublic Group Of Cos., Inc. earnings to decrease by -4.82%, but the outlook for the next 5-year period is at 3.66% per year.
IPG Dividends
Interpublic Group Of Cos., Inc. is expected to release its next quarterly earnings report on 2024-Oct-22. The 4.33% annual yield figure for the share gives it an annual dividend of 1.30. It is important to note, however, that the 4.33% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision. During the past 5 years, the average dividend yield was 3.95 per year.
Interpublic Group Of Cos., Inc. (NYSE:IPG)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 0.39% of Interpublic Group Of Cos., Inc. shares while 108.68% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 109.10%. There are 108.68% institutions holding the Interpublic Group Of Cos., Inc. stock share, with VANGUARD GROUP INC the top institutional holder. As of 2024-06-30, the company held 12.2391% of the shares, roughly 46.06 million IPG shares worth $1.34 billion.
BLACKROCK INC. holds the second largest percentage of outstanding shares, with 11.5235% or 43.36 million shares worth $1.26 billion as of 2024-06-30.
Among Mutual Funds, the top two as of Sep 30, 2024 were SPDR (R) Idx Shares-SPDR Communication Services Select Sector ETF and Vanguard Total Stock Market Index Fund. With 11.91 shares estimated at $358.39 million under it, the former controlled 3.17% of total outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held about 3.15% of the shares, roughly 11.85 shares worth around $356.57 million.
