Stocks of Interpublic Group Of Cos., Inc. (NYSE:IPG) traded higher last session on Wall Street, down -1.20% to $29.57.
IPG stock price is now -1.91% away from the 50-day moving average and -4.54% away from the 200-day moving average. The market capitalization of the company currently stands at $11.16B.
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With the price target reduced from $34 to $28, Morgan Stanley Downgraded its rating from Equal-Weight to Underweight for Interpublic Group Of Cos., Inc. (NYSE: IPG). On January 11, 2024, UBS recently initiated its ‘Neutral’ rating on the stock quoting a target price of $36, while ‘Wells Fargo’ rates the stock as ‘Equal Weight’
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 $12.29 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 $2.08 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 $35.24. 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 $14079885312, which is based on a 10.50 price-to-earnings ratio, a 1.67 price-to-earnings-growth ratio, and a beta of 1.11. The fifty day moving average price for IPG is $30.115 and a two-hundred day moving average price translates $30.98395 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.
