Interpublic Group of Companies (NYSE:IPG) Earns Hold Rating from Analysts at StockNews.com

StockNews.com began coverage on shares of Interpublic Group of Companies (NYSE:IPG) in a research note released on Wednesday morning. The brokerage issued a hold rating on the business services provider’s stock.

IPG has been the subject of several other reports. BNP Paribas upgraded shares of Interpublic Group of Companies from an “underperform” rating to an “outperform” rating and set a $38.00 price objective for the company in a report on Friday, January 10th. Macquarie reaffirmed a “neutral” rating and set a $31.00 price target on shares of Interpublic Group of Companies in a research note on Tuesday, October 22nd. Wells Fargo & Company raised Interpublic Group of Companies from an “underweight” rating to an “equal weight” rating and boosted their price objective for the stock from $26.00 to $34.00 in a research note on Tuesday, December 10th. Barclays raised Interpublic Group of Companies from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $32.00 to $36.00 in a research note on Friday, January 24th. Finally, JPMorgan Chase & Co. raised shares of Interpublic Group of Companies from a “neutral” rating to an “overweight” rating and upped their price target for the company from $32.00 to $39.00 in a report on Monday, January 27th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $33.75.

Interpublic Group of Companies Stock Performance

IPG stock opened at $28.00 on Wednesday. The company has a 50-day simple moving average of $28.73 and a 200 day simple moving average of $30.01. The company has a market capitalization of $10.44 billion, a P/E ratio of 13.21 and a beta of 1.11. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.77. Interpublic Group of Companies has a fifty-two week low of $26.30 and a fifty-two week high of $35.17.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Sanctuary Advisors LLC acquired a new stake in shares of Interpublic Group of Companies in the second quarter worth $1,462,000. AMF Tjanstepension AB increased its holdings in shares of Interpublic Group of Companies by 70.3% in the 3rd quarter. AMF Tjanstepension AB now owns 253,172 shares of the business services provider’s stock valued at $8,008,000 after purchasing an additional 104,514 shares during the period. Handelsbanken Fonder AB lifted its position in shares of Interpublic Group of Companies by 19.9% in the third quarter. Handelsbanken Fonder AB now owns 93,200 shares of the business services provider’s stock worth $2,948,000 after purchasing an additional 15,500 shares in the last quarter. Czech National Bank boosted its holdings in shares of Interpublic Group of Companies by 6.4% during the third quarter. Czech National Bank now owns 76,511 shares of the business services provider’s stock worth $2,420,000 after purchasing an additional 4,589 shares during the period. Finally, GAMMA Investing LLC grew its position in Interpublic Group of Companies by 31.3% during the third quarter. GAMMA Investing LLC now owns 3,713 shares of the business services provider’s stock valued at $117,000 after purchasing an additional 886 shares in the last quarter. 98.43% of the stock is currently owned by institutional investors and hedge funds.

Interpublic Group of Companies Company Profile

The Interpublic Group of Companies, Inc provides advertising and marketing services worldwide. It operates in three segments: Media, Data & Engagement Solutions, Integrated Advertising & Creativity Led Solutions, and Specialized Communications & Experiential Solutions. The Media, Data & Engagement Solutions segment provides media and communications services, digital services and products, advertising and marketing technology, e-commerce services, data management and analytics, strategic consulting, and digital brand experience under the IPG Mediabrands, UM, Initiative, Kinesso, Acxiom, Huge, MRM, and R/GA brand names.