Quick mid-week analysis for $IPG. We can add this stock into our swing trading portfolio.
Fundamental Analysis:
IPG announced earnings per share of $0.86 on revenue of $2.28B. Analysts polled by Investing.com anticipated EPS of $0.8031 on revenue of $2.28B.
As the revenue was in line the price of shares dropped by 10% on earnings day.
However; recently IPG had its target price raised by Morgan Stanley from $27.00 to $28.00 in a report released on Thursday, Benzinga reports.
Technical analysis:
As it is seen that $24 per share acted as Strong Support since January.
Overall analysis:
We can consider buy some shares here as it doesn't want to break down $25.
Company profile:
Interpublic Group of Companies, Inc is an advertising and marketing services company. Its services include consumer advertising, digital marketing, communications planning & media buying, public relations & specialized communications disciplines.
Fundamental Analysis:
IPG announced earnings per share of $0.86 on revenue of $2.28B. Analysts polled by Investing.com anticipated EPS of $0.8031 on revenue of $2.28B.
As the revenue was in line the price of shares dropped by 10% on earnings day.
However; recently IPG had its target price raised by Morgan Stanley from $27.00 to $28.00 in a report released on Thursday, Benzinga reports.
Technical analysis:
As it is seen that $24 per share acted as Strong Support since January.
Overall analysis:
We can consider buy some shares here as it doesn't want to break down $25.
Company profile:
Interpublic Group of Companies, Inc is an advertising and marketing services company. Its services include consumer advertising, digital marketing, communications planning & media buying, public relations & specialized communications disciplines.