Interpublic Group Of Cos., Inc. (NYSE:IPG) shares, rose in value, with the stock price down by -1.41% to the previous day’s close as strong demand from buyers drove the stock to $31.46.
Actively observing the price movement in the last trading, the stock closed the session at $31.91. The value of beta (5-year monthly) was 1.12 whereas the PE ratio was 11.04 over 12-month period. Referring to stock’s 52-week performance, its high was $40.95, and the low was $27.20. On the whole, IPG has fluctuated by -1.22% over the past month.
With the market capitalization of Interpublic Group Of Cos., Inc. currently standing at about $11.91 billion, investors are eagerly awaiting this quarter’s results, scheduled for Apr 25, 2024 – Apr 29, 2024. The company’s Forward Dividend Ratio is 1.26, with its dividend yield at 4.01%. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $0.35, which is expected to increase to $0.68 for fiscal year $2.87 and then to about $3.06 by fiscal year 2025. Data indicates that the EPS growth is expected to be -4.00% in 2025, while the next year’s EPS growth is forecast to be 6.60%.
Analysts have estimated the company’s revenue for the quarter at $2.27 billion, with a low estimate of $2.16 billion and a high estimate of $2.54 billion. According to the average forecast, sales growth in current quarter could jump up 3.20%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2025, the company’s y-o-y revenues would reach $9.64 billion, representing an increase of 2.60% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were 1 upward and no downward review(s) in last seven days. We see that IPG’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium term indicators have put the stock in the category of 50% Buy while long term indicators on average have been pointing out that it is a 50% Sell.
The stock’s technical analysis shows that the PEG ratio is about 1.84, with the price of IPG currently trading nearly -3.24% and -2.89% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 39.78, while the 7-day volatility ratio is showing 1.52% which for the 30-day chart, stands at 2.38%. Furthermore, Interpublic Group Of Cos., Inc. (IPG)’s beta value is 1.12, and its average true range (ATR) is 0.71.
A comparison of Interpublic Group Of Cos., Inc. (IPG) with its peers suggests the former has fared considerably weaker in the market. IPG showed an intraday change of -1.41% in last session, and over the past year, it shrunk by -15.95%%.
Data on historical trading for Interpublic Group Of Cos., Inc. (NYSE:IPG) indicates that the trading volumes over the past 10 days have averaged 3.53 million and over the past 3 months, they’ve averaged 4.24 million. According to company’s latest data on outstanding shares, there are 378.70 million shares outstanding.
Nearly 0.35% of Interpublic Group Of Cos., Inc.’s shares belong to company insiders and institutional investors own 102.47% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 19.38 million shares as on Mar 15, 2024, resulting in a short ratio of 3.83. According to the data, the short interest in Interpublic Group Of Cos., Inc. (IPG) stood at 5.12% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 14.5 million. The stock has fallen by -3.62% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the IPG stock heading into the next quarter.
