Market Review: Checking in on Shares of Interpublic Group of Companies, Inc. (The) (NYSE:IPG)

Some individual investors may rely heavily on Wall Street analyst opinions when conducting their own stock research. Focusing in on shares of Interpublic Group of Companies, Inc. (The) (NYSE:IPG), we have seen that the average broker rating is currently 2.13. This average rating follows a numerical scale where a 1 would signify a Strong Buy rating, and a 5 would indicate a Strong Sell rating. Out of the sell-side analysts polled by Zacks Research, 4 have given the stock a Strong Buy or Buy rating.

Inexperienced investors may have the tendency to purchase stocks that have recently been on a big run higher. This may be a result of not paying close attention to the fundamentals, or simply hoping that the stock will continue the move higher. Buying after a big move to the upside may mean that the investor is essentially paying too much for the stock at those levels. Sometimes a stock will take off and get too far ahead of its underlying value which may result in the price being overvalued. Keeping a close eye on the fundamentals may be a good way for the investor to know where the stock stands at any point in time.

Zooming in on the current quarter EPS consensus estimate for Interpublic Group of Companies, Inc. (The) (NYSE:IPG), we see that the current number is 0.06. This EPS estimate is using 8 Wall Street analysts polled by Zacks Research. Last quarter, the company stated a quarterly EPS of 0.89. Sell-side analysts have the task of examining companies and providing estimates relating to future results. These estimates carry a lot of weight on the Street, and earnings hits or misses revolve around these numbers. Sometimes these predictions are very close to the actual reported number, and other times they are not. Many investors will be closely watching which way analyst estimates are being adjusted right before earnings. This may provide some insight on how good or bad the numbers for the quarter are likely to be. Investors might want to take a look at their holdings after the earnings reports to make sure that nothing extremely out of the ordinary after combing through the results.

Individual investors might be looking at all the angles in order to concoct a winning plan for the next few quarters. The diligent investor is typically on the ball and ready to encounter any unforeseen market movements. Monitoring recent stock price activity on shares of Interpublic Group of Companies, Inc. (The) (NYSE:IPG) we have noted that the stock price has been trading near $22.34. Turning the focus to some historical price information, we note that the stock has moved 7.35% over the previous 12 weeks. Since the start of the year, we note that shares have seen a change of 8.29%. Over the last 4 weeks, shares have seen a change of -3%. Over the last 5 sessions, the stock has moved -0.04%. After a recent scan, we can see that the 52-week high is currently $24.65, and the 52-week low is presently $19.75.

Following shares of Interpublic Group of Companies, Inc. (The) (NYSE:IPG), we can see that the average consensus target price based on contributing analysts is currently $24.67. Wall Street analysts often provide price target projections on where they believe the stock will be headed in the future. Because price target projections are essentially the opinions of covering analysts, they have the ability to vary widely from one analyst to another. Navigating the equity markets can seem daunting at times. Finding ways to identify the important data can make a big difference in sustaining profits into the future. As we move closer to the end of the year, investors will be watching to see which way the momentum shifts and if stocks are still primed to go higher. Investors might choose to rely heavily on analyst research and corresponding target predictions, or they may choose to use them as a guide to supplement their own research.

Investors hope that they won’t have to deal with stock picks that don’t pan out, but this happens quite often in the stock market. At some point, the investor may have to make the tough decision to sell a stock that previously had a lot of upward potential. Holding onto an underperforming stock can sometimes hurt the portfolio. Investors may be hesitant to let go of the stock long after it should have been sold. Tracking the underlying fundamentals can assist the investor with figuring out the proper time to buy or sell a particular stock. Mastering this aspect of investing may come with experience, but it may be highly beneficial for the long-term success of the portfolio.

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