The price of Interpublic Group Of Cos., Inc. (NYSE:IPG) shares last traded on Wall Street fell -0.07% to $29.13.
IPG stock price is now -5.34% away from the 50-day moving average and -6.14% away from the 200-day moving average. The market capitalization of the company currently stands at $10.99B.
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With the price target of $36, UBS recently initiated with Neutral rating for Interpublic Group Of Cos., Inc. (NYSE: IPG). On July 24, 2023, Wells Fargo Downgraded its previous ‘Overweight’ rating to ‘Equal Weight’ on the stock reducing its target price from $43 to quote $33, while ‘BofA Securities’ rates the stock as ‘Buy’
In other news, KRAKOWSKY PHILIPPE, CEO sold 150,403 shares of the company’s stock on Feb 27 ’24. The stock was sold for $4,842,977 at an average price of $32.20. Upon completion of the transaction, the CEO now directly owns 415,776 shares in the company, valued at $12.11 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 27 ’24, EVP, General Counsel Bonzani Andrew sold 40,468 shares of the business’s stock. A total of $1,303,070 was realized by selling the stock at an average price of $32.20. This leaves the insider owning 70,431 shares of the company worth $2.05 million. A total of 0.37% of the company’s stock is owned by insiders.
During the past 12 months, Interpublic Group Of Cos., Inc. has had a low of $27.20 and a high of $40.90. As of last week, the company has a debt-to-equity ratio of 1.21, a current ratio of 1.06, and a quick ratio of 1.06. According to the stock market information, the enterprise value for the company is $13777946624, which is based on a 10.35 price-to-earnings ratio, a 1.64 price-to-earnings-growth ratio, and a beta of 1.11. The fifty day moving average price for IPG is $30.7476 and a two-hundred day moving average price translates $31.02085 for the stock.
The latest earnings results from Interpublic Group Of Cos., Inc. (NYSE: IPG) was released for 2024-03-31. The net profit margin was 9.97% and return on equity was 29.33% for IPG. The company reported revenue of $2.5 billion for the quarter, compared to $2.52 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -1.0 percent.
