Interpublic Group Of Cos., Inc. (NYSE: IPG)’s stock price has plunge by 0.39relation to previous closing price of 30.72. Nevertheless, the company has seen a -1.88% plunge in its stock price over the last five trading sessions. Seeking Alpha reported 2024-04-24 that The Interpublic Group of Companies, Inc. (NYSE:IPG ) Q1 2024 Earnings Conference Call April 24, 2024 8:30 AM ET Company Participants Jerry Leshne – Senior Vice President of Investor Relations Philippe Krakowsky – CEO Ellen Johnson – CFO Conference Call Participants Adrien de Saint Hilaire – Bank of America David Karnovsky – JPMorgan Steven Cahall – Wells Fargo Craig Huber – Huber Research Partners Jason Bazinet – Citi Tim Nollen – Macquarie Cameron McVeigh – Morgan Stanley Operator Good morning and welcome to the Interpublic Group First Quarter 2024 Conference Call. All parties are in a listen-only mode until the question-and-answer portion.
Is It Worth Investing in Interpublic Group Of Cos., Inc. (NYSE: IPG) Right Now?
Interpublic Group Of Cos., Inc. (NYSE: IPG) has a higher price-to-earnings ratio of 10.95x compared to its average ratio, The 36-month beta value for IPG is at 1.12. Analysts have varying views on the stock, with 5 analysts rating it as a “buy,” 5 rating it as “overweight,” 5 as “hold,” and 1 as “sell.”
The public float for IPG is 376.07M, and currently, shorts hold a 4.52% of that float. The average trading volume for IPG on May 07, 2024 was 4.31M shares.
IPG’s Market Performance
IPG stock saw a decrease of -1.88% in the past week, with a monthly decline of -1.97% and a quarterly a decrease of -6.29%. The volatility ratio for the week is 1.71%, and the volatility levels for the last 30 days are 1.96% for Interpublic Group Of Cos., Inc. (IPG). The simple moving average for the last 20 days is -0.05% for IPG stock, with a simple moving average of -1.87% for the last 200 days.
Analysts’ Opinion of IPG
Many brokerage firms have already submitted their reports for IPG stocks, with UBS repeating the rating for IPG by listing it as a “Neutral.” The predicted price for IPG in the upcoming period, according to UBS is $36 based on the research report published on January 11, 2024 of the current year 2024.
Wells Fargo, on the other hand, stated in their research note that they expect to see IPG reach a price target of $33, previously predicting the price at $43. The rating they have provided for IPG stocks is “Equal Weight” according to the report published on July 24th, 2023.
BofA Securities gave a rating of “Buy” to IPG, setting the target price at $40 in the report published on March 30th of the previous year.
IPG Trading at -2.76% from the 50-Day Moving Average
After a stumble in the market that brought IPG to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -24.69% of loss for the given period.
Volatility was left at 1.96%, however, over the last 30 days, the volatility rate increased by 1.71%, as shares sank -2.00% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -4.52% lower at present.
During the last 5 trading sessions, IPG fell by -1.88%, which changed the moving average for the period of 200-days by -18.67% in comparison to the 20-day moving average, which settled at $30.82. In addition, Interpublic Group Of Cos., Inc. saw -5.51% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at IPG starting from KRAKOWSKY PHILIPPE, who sale 150,403 shares at the price of $32.20 back on Feb 27 ’24. After this action, KRAKOWSKY PHILIPPE now owns 415,776 shares of Interpublic Group Of Cos., Inc., valued at $4,842,977 using the latest closing price.
Bonzani Andrew, the EVP, General Counsel of Interpublic Group Of Cos., Inc., sale 40,468 shares at $32.20 during a trade that took place back on Feb 27 ’24, which means that Bonzani Andrew is holding 70,431 shares at $1,303,070 based on the most recent closing price.
Stock Fundamentals for IPG
Current profitability levels for the company are sitting at:
- 0.14 for the present operating margin
- 0.16 for the gross margin
The net margin for Interpublic Group Of Cos., Inc. stands at 0.1. The total capital return value is set at 0.17. Equity return is now at value 29.33, with 6.38 for asset returns.
Based on Interpublic Group Of Cos., Inc. (IPG), the company’s capital structure generated 0.49 points at debt to capital in total, while cash flow to debt ratio is standing at 0.25. The debt to equity ratio resting at 0.97. The interest coverage ratio of the stock is 6.01.
Currently, EBITDA for the company is 1.75 billion with net debt to EBITDA at 1.64. When we switch over and look at the enterprise to sales, we see a ratio of 1.34. The receivables turnover for the company is 1.68for trailing twelve months and the total asset turnover is 0.63. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.06.
Conclusion
In conclusion, Interpublic Group Of Cos., Inc. (IPG) has had a bad performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
