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Interpublic (IPG) Soars: Stock Adds 10.2% in Session

Zacks

The Interpublic Group of Companies, Inc. IPG was a big mover last session, as the company saw its shares rise more than 10% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. The stock picked up sharply from the near-flat trend of $20.77 to $22.22 in the past one month time frame.

The move came after the company reported better than expected fourth-quarter 2017 results, dividend hike and share repurchase program.

The company has seen two negative estimate revisions in the past few weeks, while the Zacks Consensus Estimate for the current quarter remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Interpublic currently has a Zacks Rank #2 (Buy) while its Earnings ESP is negative.


Another stock worth considering in the Business Services sector is ABM Industries Incorporated ABM which carries a Zacks Rank #1 (Strong Buy).You can see the complete list of today’s Zacks #1 Rank stocks here.

Is IPG going up? Or down? Predict to see what others think: Up or Down

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