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After finishing at $32.61 in the prior trading day, Interpublic Group Of Cos., Inc. (NYSE: IPG) closed at $31.95, down -2.02%. In other words, the price has decreased by -$2.02 from its previous closing price. On the day, 2.5 million shares were traded. IPG stock price reached its highest trading level at $32.145 during the session, while it also had its lowest trading level at $31.76.
Ratios:
Our goal is to gain a better understanding of IPG by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 7.76 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 12.89. For the most recent quarter (mrq), Quick Ratio is recorded 1.06 and its Current Ratio is at 1.06. In the meantime, Its Debt-to-Equity ratio is 1.13 whereas as Long-Term Debt/Eq ratio is at 1.06.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Morgan Stanley on July 22, 2024, Downgraded its rating to Underweight and sets its target price to $28 from $34 previously.
On January 11, 2024, UBS started tracking the stock assigning a Neutral rating and target price of $36.
Wells Fargo Downgraded its Overweight to Equal Weight on July 24, 2023, whereas the target price for the stock was revised from $43 to $33.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Feb 27 ’24 when CARROLL CHRISTOPHER F sold 18,382 shares for $32.20 per share. The transaction valued at 591,900 led to the insider holds 42,390 shares of the business.
Johnson Ellen Tobi sold 40,393 shares of IPG for $1,300,655 on Feb 27 ’24. The CFO now owns 88,350 shares after completing the transaction at $32.20 per share. On Feb 27 ’24, another insider, KRAKOWSKY PHILIPPE, who serves as the CEO of the company, sold 150,403 shares for $32.20 each. As a result, the insider received 4,842,977 and left with 415,776 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, IPG now has a Market Capitalization of 12248000512 and an Enterprise Value of 14888418304. As of this moment, Interpublic’s Price-to-Earnings (P/E) ratio for their current fiscal year is 11.85, and their Forward P/E ratio for the next fiscal year is 10.85. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.94. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.10 while its Price-to-Book (P/B) ratio in mrq is 3.13. Its current Enterprise Value per Revenue stands at 1.583 whereas that against EBITDA is 8.536.
Stock Price History:
Over the past 52 weeks, IPG has reached a high of $35.17, while it has fallen to a 52-week low of $27.20. The 50-Day Moving Average of the stock is 5.48%, while the 200-Day Moving Average is calculated to be 2.04%.
Shares Statistics:
The stock has traded on average 4.02M shares per day over the past 3-months and 2137480 shares per day over the last 10 days, according to various share statistics. A total of 378.70M shares are outstanding, with a floating share count of 374.19M. Insiders hold about 0.37% of the company’s shares, while institutions hold 107.16% stake in the company. Shares short for IPG as of 1723680000 were 24634334 with a Short Ratio of 6.13, compared to 1721001600 on 23926179. Therefore, it implies a Short% of Shares Outstanding of 24634334 and a Short% of Float of 8.53.
Dividends & Splits
In the trailing 12 months, IPG’s forward annual dividend rate was 1.28, compared to 1.30 this year. Against a Trailing Annual Dividend Yield of 0.039653037The stock’s 5-year Average Dividend Yield is 3.95.
