The Interpublic Group of Companies Inc. (NYSE:IPG) closed Thursday at $27.47 per share, down from $27.64 a day earlier. While The Interpublic Group of Companies Inc. has underperformed by -0.62%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, IPG fell by -26.06%, with highs and lows ranging from $39.98 to $26.36, whereas the simple moving average fell by -17.16% in the last 200 days.
Top 5 Cheap Stocks to Own Right Now
While finding safe stocks with the potential for monster gains isn't always easy, we've found a few that could pay out well. In fact, within our report, "Top 5 Cheap Stock to Own Right Now", we have identified five stocks we believe could appreciate the most even if you just have $1,000 to invest.
Sign up here to get your free report now. .
On August 25, 2022, Exane BNP Paribas started tracking The Interpublic Group of Companies Inc. (NYSE: IPG) recommending Outperform. A report published by Wells Fargo on July 08, 2022, Upgraded its rating to ‘Overweight’ for IPG. Barclays March 14, 2022d its ‘Overweight’ rating to ‘Equal Weight’ for IPG, as published in its report on March 14, 2022. BofA Securities’s report from January 27, 2022 suggests a price prediction of $32 for IPG shares, giving the stock a ‘Underperform’ rating. BofA Securities also rated the stock as ‘Neutral’.
Analysis of The Interpublic Group of Companies Inc. (IPG)
The current dividend for IPG investors is set at $1.16 per share, indicating investors will get a return regardless of how the company performs over the next quarter. Further, the quarter-over-quarter increase in sales is 9.00%, showing a positive trend in the upcoming months.
There are several well-rounded types of analysis and research techniques that can be used to gain a clear view of The Interpublic Group of Companies Inc.’s future performance, with equity being one of the most critical indicators. The goal here is to ensure that your current return on equity of 29.00% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.00, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
As an indicator of volatility for any stock, average volume can also be very valuable, and IPG is recording an average volume of 3.16M. On a monthly basis, the volatility of the stock is set at 1.97%, whereas on a weekly basis, it is put at 2.19%, with a loss of -6.31% over the past seven days. Furthermore, long-term investors anticipate a median target price of $34.07, showing growth from the present price of $27.47, which can serve as yet another indication of whether IPG is worth investing in or should be passed over.
How Do You Analyze The Interpublic Group of Companies Inc. Shares?
The Interpublic Group of Companies Inc. (IPG) is based in the USA and is one of the most prominent companies operating in the Advertising Agencies market. When comparing The Interpublic Group of Companies Inc. shares with other companies under Communication Services, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 11.09, there is a growth in quarterly earnings of -12.30%.
Apart from looking at the fundamentals, you should also pay attention to the number of company employees who own shares. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 0.30%. This can enable you to see the extent to which executives own the company’s stock.
Are institutional investors increasing their holdings in IPG shares?
The recent increase in stakes in IPG appears to be a result of several institutional investors and hedge funds increasing their positions. The Vanguard Group, Inc.’s position in IPG has increased by 2.55% in the first quarter. The company now owns 47,291,070 shares of the stock, with a value of $1.41 billion, following the purchase of 1,174,978 additional shares during the last quarter. BlackRock Fund Advisors made another decreased to its shares in IPG during the first quarter, downing its stake by -0.41%. During the last quarter, the company dropped down -117,373 additional shares for a total stake of worth $857.74 million, bringing number of shares owned by the company to 28,715,627.
During the first quarter, SSgA Funds Management, Inc. subtracted a -740,254 position in IPG. Harris Associates LP purchased an additional 1.33 million shares in the last quarter, increasing its holdings by 10.10%, now holding 14.51 million shares worth $433.44 million. At the end of the first quarter, Fidelity Management & Research Co decreased its IPG holdings by -34.28% and now holds 14.3 million IPG shares valued at $427.0 million with the lessened -7.46 million shares during the period.