The Interpublic Group of Companies Inc. [IPG] Is Currently 4.59 below its 200 Period Moving Avg: What Dose This Mean?

The Interpublic Group of Companies Inc. [NYSE: IPG] gained 4.59% or 0.83 points to close at $18.92 with a heavy trading volume of 3856480 shares. The company report on October 29, 2020 that Reprise Launches Global eCommerce Unit, Reprise Commerce.

Special business unit to provide a holistic approach to eCommerce with insight into a brand’s entire digital footprint, reaching beyond media into customer experience, content, supply chain and operations.

Reprise, the global performance marketing agency of IPG Mediabrands (NYSE: IPG), has today launched Reprise Commerce, a new global specialty eCommerce unit.

It opened the trading session at $18.30, the shares rose to $18.94 and dropped to $18.18, the range by which the price of stock traded the whole day. The daily chart for IPG points out that the company has recorded 19.82% gains over the past six months. However, it is still -62.68% lower than its most recent low trading price.

If we look at the average trading volume of 3.93M shares, IPG reached to a volume of 3856480 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about The Interpublic Group of Companies Inc. [IPG]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for IPG shares is $22.13 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on IPG stock is a recommendation set at 2.50. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

MoffettNathanson have made an estimate for The Interpublic Group of Companies Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on October 22, 2020. While these analysts kept the previous recommendation, Wolfe Research raised their target price from $20 to $23. The new note on the price target was released on October 16, 2020, representing the official price target for The Interpublic Group of Companies Inc. stock.

The Average True Range (ATR) for The Interpublic Group of Companies Inc. is set at 0.66, with the Price to Sales ratio for IPG stock in the period of the last 12 months amounting to 0.79. The Price to Book ratio for the last quarter was 2.71, with the Price to Cash per share for the same quarter was set at 4.12. Price to Free Cash Flow for IPG in the course of the last twelve months was 8.64 with Quick ratio for the last quarter at 1.00.

Trading performance analysis for IPG stock

The Interpublic Group of Companies Inc. [IPG] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -0.42. With this latest performance, IPG shares gained by 8.67% in over the last four-week period, additionally plugging by 19.82% over the last 6 months – not to mention a drop of -13.80% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for IPG stock in for the last two-week period is set at 56.79, with the RSI for the last a single of trading hit 58.27, and the three-weeks RSI is set at 55.80 for The Interpublic Group of Companies Inc. [IPG]. The present Moving Average for the last 50 days of trading for this stock 17.84, while it was recorded at 18.40 for the last single week of trading, and 18.15 for the last 200 days.

The Interpublic Group of Companies Inc. [IPG]: A deeper dive into fundamental analysis

The Interpublic Group of Companies Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.00 and a Current Ratio set at 1.00.

The Interpublic Group of Companies Inc. [IPG]: An earnings per share (EPS) analysis

With the latest financial reports released by the company, The Interpublic Group of Companies Inc. posted 0.88/share EPS, while the average EPS was predicted by analysts to be reported at 0.83/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 6.00%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for IPG. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for The Interpublic Group of Companies Inc. go to 1.10%.

An analysis of insider ownership at The Interpublic Group of Companies Inc. [IPG]

There are presently around $6,960 million, in the hands of institutional investors. The top three institutional holders of IPG stocks are: VANGUARD GROUP INC with ownership of 44,780,281, which is approximately -1.358% of the company’s market cap and around 0.10% of the total institutional ownership; FMR LLC, holding 43,892,635 shares of the stock with an approximate value of $794.02 million in IPG stocks shares; and BLACKROCK INC., currently with $764.16 million in IPG stock with ownership of nearly -11.886% of the company’s market capitalization.

251 institutional holders increased their position in The Interpublic Group of Companies Inc. [NYSE:IPG] by around 36,565,708 shares. Additionally, 247 investors decreased positions by around 38,701,122 shares, while 57 investors held positions by with 309,449,842 shares. The mentioned changes placed institutional holdings at 384,716,672 shares, according to the latest SEC report filing. IPG stock had 65 new institutional investments in for a total of 5,599,339 shares, while 69 institutional investors sold positions of 4,120,330 shares during the same period.

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