In the last trading session, 2.76 million shares of the Interpublic Group Of Cos., Inc. (NYSE:IPG) were traded, and its beta was 1.08. Most recently the company’s share price was $29.80, and it changed around -$0.09 or -0.30% from the last close, which brings the market valuation of the company to $11.10B. IPG currently trades at a discount to its 52-week high of $35.17, offering almost -18.02% off that amount. The share price’s 52-week low was $27.54, which indicates that the current value has risen by an impressive 7.58% since then. We note from Interpublic Group Of Cos., Inc.’s average daily trading volume that its 10-day average is 4.68 million shares, with the 3-month average coming to 3.94 million.
Interpublic Group Of Cos., Inc. stock received a consensus recommendation rating of Buy, based on a mean score of 2.93. If we narrow it down even further, the data shows that 1 out of 16 analysts rate the stock as a Sell; another 5 rate it as Overweight. Among the rest, 5 recommended IPG as a Hold, whereas 5 deemed it a Buy, and 0 rated it as Underweight. Interpublic Group Of Cos., Inc. is expected to report earnings per share of 1.17 for the current quarter.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Interpublic Group Of Cos., Inc. (NYSE:IPG) trade information
Instantly IPG has showed a red trend with a performance of -0.30% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 32.18 on recent trading dayincreased the stock’s daily price by 7.4%. The company’s shares are currently down -8.70% year-to-date, but still down -6.96% over the last five days. On the other hand, Interpublic Group Of Cos., Inc. (NYSE:IPG) is -5.37% down in the 30-day period. We can see from the shorts that 27.73 million shares have been sold at a short interest cover period of 7.11 day(s).
The consensus price target as assigned by Wall Street analysts is $37.5, which translates to bulls needing to increase their stock price by 20.53% from its current value. Analyst projections state that IPG is forecast to be at a low of $26 and a high of $112.
Interpublic Group Of Cos., Inc. (IPG) estimates and forecasts
Interpublic Group Of Cos., 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 fallen -5.31 percent over the past six months and at a -5.69% annual growth rate that is well below the industry average of 6.00%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will loss -0.80% in revenue this quarter, and will report a decrease of -5.60% in the next quarter. The year-over-year growth rate is expected to be -1.10%, down from the previous year.
Consensus estimates provided by 4 financial analysts predict the company will bring in an average of 2.54B in revenue for the current quarter. 1 analysts expect Interpublic Group Of Cos., Inc. to make 2.17B in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 2.59B and 2.18B respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -1.80%. Forecasts for the next quarter put sales growth at -0.70%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 12.34%. Interpublic Group Of Cos., Inc. earnings are expected to increase by -5.33% in 2024, but the outlook is positive 3.16% per year for the next five years.
IPG Dividends
Interpublic Group Of Cos., Inc.’s next quarterly earnings report is expected to be released in November. The annual dividend yield of the stock is 4.36 percent and its annual dividend per share was 1.30. It is important to note, however, that the 4.36% 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 average dividend yield for the past five years averaged 3.95 per year.
Interpublic Group Of Cos., Inc. (NYSE:IPG)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 0.39% of Interpublic Group Of Cos., Inc. shares, and 109.57% of them are in the hands of institutional investors. The stock currently has a share float of 110.00%. Interpublic Group Of Cos., Inc. stock is held by 1030.0 institutions, with VANGUARD GROUP INC being the largest institutional investor. By 2024-06-30, it held 12.2391% of the shares, which is about 46.06 million shares worth $1.34 billion.
BLACKROCK INC., with 11.5235% or 43.36 million shares worth $1.26 billion as of 2024-06-30, holds the second largest percentage of outstanding shares.
