Interpublic Group Of Cos., Inc [NYSE: IPG] stock went on an upward path that rose over 1.59% on Monday, amounting to a one-week price decrease of less than -7.09%.
Over the last 12 months, IPG stock dropped by -7.74%. The one-year Interpublic Group Of Cos., Inc stock forecast points to a potential upside of 11.88. The average equity rating for IPG stock is currently 2.93, trading closer to a bullish pattern in the stock market.
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The market cap for the stock reached $9.51 billion, with 378.70 million shares outstanding and 371.12 million shares in the current float. Compared to the average trading volume of 3.82M shares, IPG stock reached a trading volume of 6701983 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on Interpublic Group Of Cos., Inc [IPG]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for IPG shares is $31.23 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 2.93. 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.
Wells Fargo have made an estimate for Interpublic Group Of Cos., Inc shares, keeping their opinion on the stock as Underweight, with their previous recommendation back on October 23, 2024. While these analysts kept the previous recommendation, JP Morgan dropped their target price from $36 to $33. The new note on the price target was released on October 01, 2024, representing the official price target for Interpublic Group Of Cos., Inc stock. On September 12, 2024, analysts decreased their price target for IPG shares from 34 to 29.
The Average True Range (ATR) for Interpublic Group Of Cos., Inc is set at 0.68, with the Price to Sales ratio for IPG stock in the period of the last 12 months amounting to 0.88. The Price to Book ratio for the last quarter was 2.78, with the Price to Cash per share for the same quarter was set at 4.43. Price to Free Cash Flow for IPG in the course of the last twelve months was 10.31 with Quick ratio for the last quarter at 1.09.
IPG Stock Performance Analysis:
Interpublic Group Of Cos., Inc [IPG] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -7.09. With this latest performance, IPG shares dropped by -14.08% in over the last four-week period, additionally sinking by -13.95% over the last 6 months – not to mention a drop of -7.74% 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 28.39, with the RSI for the last a single of trading hit 25.05, and the three-weeks RSI is set at 31.68 for Interpublic Group Of Cos., Inc [IPG]. The present Moving Average for the last 50 days of trading for this stock 30.55, while it was recorded at 28.47 for the last single week of trading, and 30.96 for the last 200 days.
Insight into Interpublic Group Of Cos., Inc Fundamentals:
Interpublic Group Of Cos., Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.09 and a Current Ratio set at 1.09.
IPG Stock EPS
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 Interpublic Group Of Cos., Inc go to 4.20%.
Interpublic Group Of Cos., Inc [IPG] Institutonal Ownership Details
There are presently around $106.50%, or 106.94%% of IPG stock, in the hands of institutional investors. The top three institutional holders of IPG stocks are: VANGUARD GROUP INC with ownership of 46.06 million shares, which is approximately 12.2391%. BLACKROCK INC., holding 43.36 million shares of the stock with an approximate value of $$1.26 billion in IPG stocks shares; and BLACKROCK INC., currently with $$754.13 million in IPG stock with ownership which is approximately 6.8892%.
