Analysts Say You Should Still Hold Interpublic Group Of Cos., Inc. (NYSE: IPG)

Interpublic Group Of Cos., Inc. (NYSE:IPG) traded at $29.66 at last check on Tuesday, July 23, made a downward move of -0.04% on its previous day’s price.

Looking at the stock we see that its previous close was $29.67. The company has a trailing 12-month PE ratio of 10.53. In terms of its 52-week price range, IPG has a high of $35.24 and a low of $27.20. The company’s stock has gained about 0.67% over that past 30 days.

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Interpublic Group Of Cos., Inc. has a market cap of $11.19 billion. With its Forward Dividend at 1.28 and a yield of 4.32%, the company’s investors could be anxious for the IPG stock to gain ahead of the earnings release.

Based on estimates by 10 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 4 have rated the Interpublic Group Of Cos., Inc. (IPG) stock as a Hold, while 6 rate it as a Buy. 0 analyst(s) rate it as overweight while 0 of them rated it as underweight, whereas 0 suggest the stock as a Sell. The stock has an overall rating of Buy and investors could take advantage and scoop up stock of the company.

Looking further, we note that the PEG ratio for the IPG stock currently stands at 1.67, and the most recent price level today is 1.71% off its SMA20 and -1.70% from its 50-day simple moving average. The RSI (14) is pointing at 50.98 while the volatility over the past week is 3.31% and jumps to 2.38% over the past one month. The beta value is 1.11, while the average true range (ATR) is currently pointing at 0.68. The average price target for the stock over the next 12 months is $39, with the estimates having a low of $31 and a high of $112. These price ends are -4.52% and -277.61% off the today’s price level respectively, although investors could be excited at the prospect of a -31.49% if the IPG share price touches on the median price of $39.

Coming back to Interpublic Group Of Cos., Inc. (NYSE:IPG), we note that the average 3-month trading volume was 3.73 million, while that of the preceding 10-day period stands at 3.71 million. Current shares outstanding are 378.70 million.

The insiders hold 0.37% of the company’s shares while institutions hold 104.02%. The data shows that short shares as of 2024-06-28, stood at 22.13 million at a short ratio of 5.31. This represents a 7.627.627.627.627.627.627.627.627.627.627.627.627.627.627.627.627.627.627.627.627.627.627.627.627.627.627.627.627.627.627.627.627.627.627.627.627.627.627.627.627.627.627.627.627.627.627.627.627.627.627.627.627.627.627.627.627.627.627.627.627.627.627.627.627.627.627.627.627.627.627.627.627.627.627.627.627.627.627.627.627.627.627.627.627.627.627.627.627.627.627.627.627.627.627.627.627.627.627.627.62 short interest in shares outstanding on 2024-06-28. Shares short rose in June from the previous month at 18.13 million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock -9.14% down in year-to-date price movement.

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