Stocks of Interpublic Group Of Cos., Inc. (NYSE:IPG) traded higher last session on Wall Street, down -0.03% to $31.46.
IPG stock price is now 3.56% away from the 50-day moving average and 0.42% away from the 200-day moving average. The market capitalization of the company currently stands at $11.82B.
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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, CARROLL CHRISTOPHER F, SVP, Controller & CAO sold 18,382 shares of the company’s stock on Feb 27 ’24. The stock was sold for $591,900 at an average price of $32.20. Upon completion of the transaction, the SVP, Controller & CAO now directly owns 42,390 shares in the company, valued at $1.33 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 27 ’24, CFO Johnson Ellen Tobi sold 40,393 shares of the business’s stock. A total of $1,300,655 was realized by selling the stock at an average price of $32.20. This leaves the insider owning 88,350 shares of the company worth $2.78 million. A total of 0.38% 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 $35.17. As of last week, the company has a debt-to-equity ratio of 1.13, 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 $14704378880, which is based on a 11.67 price-to-earnings ratio, a 1.91 price-to-earnings-growth ratio, and a beta of 1.09. The fifty day moving average price for IPG is $30.3794 and a two-hundred day moving average price translates $31.32855 for the stock.
The latest earnings results from Interpublic Group Of Cos., Inc. (NYSE: IPG) was released for 2024-06-30. The net profit margin was 9.46% and return on equity was 27.43% for IPG. The company reported revenue of $2.71 billion for the quarter, compared to $2.67 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 1.63 percent.
