The stock of Interpublic Group Of Cos., Inc (NYSE:IPG) last traded at $29.17, down -2.51% from the previous session.
IPG stock price is now -2.78% away from the 50-day moving average and -5.06% away from the 200-day moving average. The market capitalization of the company currently stands at $10.87B.
Top 5 Artificial Intelligence Stocks to Buy for 2024
By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."
Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"
Sponsored
With the price target enhanced from $26 to $34, Wells Fargo Upgraded its rating from Underweight to Equal Weight for Interpublic Group Of Cos., Inc (NYSE: IPG). On October 23, 2024, Wells Fargo Downgraded its previous ‘Equal Weight’ rating to ‘Underweight’ on the stock reducing its target price from $28 to quote $26, while ‘JP Morgan’ rates the stock as ‘Neutral’
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 $1.24 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 $2.58 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 $26.88 and a high of $35.17. As of last week, the company has a debt-to-equity ratio of 1.15, a current ratio of 1.09, and a quick ratio of 1.09. According to the stock market information, the enterprise value for the company is $13721076736, which is based on a 13.77 price-to-earnings ratio, a 7.25 price-to-earnings-growth ratio, and a beta of 1.09. The fifty day moving average price for IPG is $30.0328 and a two-hundred day moving average price translates $30.7388 for the stock.
The latest earnings results from Interpublic Group Of Cos., Inc (NYSE: IPG) was released for 2024-09-30. The net profit margin was 7.44% and return on equity was 21.83% for IPG. The company reported revenue of $2.63 billion for the quarter, compared to $2.68 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -1.86 percent.
