The Interpublic Group of Companies Inc. (NYSE:IPG) price on Thursday, September 08, fall -0.34% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $27.67.
A look at the stock’s price movement, the level at last check in today’s session was $27.76, moving within a range at $26.96 and $27.77. The beta value (5-Year monthly) was 1.03 while the PE ratio in trailing twelve months stood at 11.21. Turning to its 52-week performance, $39.98 and $26.36 were the 52-week high and 52-week low respectively. Overall, IPG moved -5.32% over the past month.
The Interpublic Group of Companies Inc.’s market cap currently stands at around $10.95 billion, with investors looking forward to this quarter’s earnings report slated for Apr 26, 2022 – May 02, 2022. The company has a Forward Dividend ratio of 1.16, with its dividend yield at 4.18%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report. Analysts project the company’s earnings per share (EPS) to be $0.59, which has seen fiscal year 2022 EPS growth forecast to increase to $2.71 and about $2.7 for fiscal year 2023. Per the data, EPS growth is expected to be 4.20% for 2022 and -0.40% for the next financial year.
Analysts have a consensus estimate of $2.3 billion for the company’s revenue for the quarter, with a low and high estimate of $2.28 billion and $2.3 billion respectively. Wall Street analysts have also projected the company’s year-on-year revenue for 2022 to grow to $9.47 billion, representing a 3.90% jump on that reported in the last financial year.
Revisions could be used as tool to get short term price movement insight, and for the company that in the past seven days was 1 upward and no downward review(s). Turning to the stock’s technical picture we see that short term indicators suggest on average that IPG is a 50% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
The technical evaluation for the stock shows the PEG ratio is 2.95, with IPG’s current price about -4.56% and -3.97% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 40.34, while 7-day volatility ratio is 2.64% and 2.10% in the 30-day chart. Further, The Interpublic Group of Companies Inc. (IPG) has a beta value of 1.04, and an average true range (ATR) of 0.66.
In the market, a comparison of The Interpublic Group of Companies Inc. (IPG) and its peers suggest the former has performed considerably weaker. Data shows IPG’s intraday price has changed -0.34% today and -24.61% over the past year. Comparatively, The Trade Desk Inc. (TTD) has moved 2.88% so far today and only -17.40% in the past 12 months. Looking at another peer, we see that Gartner Inc. (IT) price has gained 0.68% on the day. However, the stock is -4.82% off its price today a year ago. Moreover, WPP plc (WPP) is also up 0.63% in today’s trading while keeping a a downtrend of -37.17% over the past year. If we look at the PE ratio, we find that The Interpublic Group of Companies Inc.’s ratio stands at 11.21 compared to The Trade Desk Inc.’s 942.12 and Gartner Inc.’s 33.49. Elsewhere, the overall performance for the S&P 500 and Dow Jones Industrial shows that the indexes are up 0.39% and 0.29% respectively on the day as seen in early trades.
If we refocus on The Interpublic Group of Companies Inc. (NYSE:IPG), historical trading data shows that trading volumes averaged 2.4 million over the past 10 days and 3.17 million over the past 3 months. The company’s latest data on shares outstanding shows there are 393.10 million shares.
The 0.20% of The Interpublic Group of Companies Inc.’s shares are in the hands of company insiders. Also important is the data on short interest which shows that short shares stood at 12.65 million on Jul 14, 2022, giving us a short ratio of 3.28. The data shows that as of Jul 14, 2022 short interest in The Interpublic Group of Companies Inc. (IPG) stood at 3.21% of shares outstanding, with shares short falling to 13.89 million registered in Jun 14, 2022. Current price change has pushed the stock -25.87% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the IPG stock continues to rise going into the next quarter.