Interpublic Group of Companies (NYSE:IPG) Coverage Initiated at StockNews.com

Research analysts at StockNews.com began coverage on shares of Interpublic Group of Companies (NYSE:IPG) in a note issued to investors on Sunday. The firm set a “hold” rating on the business services provider’s stock.

IPG has been the subject of a number of other reports. Macquarie reaffirmed a “neutral” rating and issued a $31.00 target price on shares of Interpublic Group of Companies in a report on Tuesday, October 22nd. BNP Paribas raised Interpublic Group of Companies from an “underperform” rating to an “outperform” rating and set a $38.00 price objective for the company in a research note on Friday. JPMorgan Chase & Co. lowered Interpublic Group of Companies from an “overweight” rating to a “neutral” rating and lowered their target price for the company from $36.00 to $33.00 in a report on Tuesday, October 1st. Wells Fargo & Company upgraded Interpublic Group of Companies from an “underweight” rating to an “equal weight” rating and raised their price target for the company from $26.00 to $34.00 in a research report on Tuesday, December 10th. Finally, Barclays decreased their price objective on shares of Interpublic Group of Companies from $32.50 to $32.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 23rd. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $32.50.

Interpublic Group of Companies Stock Up 0.8 %

IPG opened at $26.86 on Friday. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.09 and a quick ratio of 1.09. Interpublic Group of Companies has a 12 month low of $26.30 and a 12 month high of $35.17. The stock has a market capitalization of $10.01 billion, a P/E ratio of 12.67 and a beta of 1.11. The business has a 50 day simple moving average of $29.01 and a 200-day simple moving average of $30.09.

Interpublic Group of Companies (NYSE:IPG) last released its earnings results on Tuesday, October 22nd. The business services provider reported $0.70 EPS for the quarter, meeting analysts’ consensus estimates of $0.70. Interpublic Group of Companies had a return on equity of 27.76% and a net margin of 7.44%. The company had revenue of $2.24 billion during the quarter, compared to the consensus estimate of $2.30 billion. During the same quarter last year, the company earned $0.70 earnings per share. Interpublic Group of Companies’s quarterly revenue was down 2.9% compared to the same quarter last year. On average, equities analysts anticipate that Interpublic Group of Companies will post 2.81 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Rosenberg Matthew Hamilton grew its position in shares of Interpublic Group of Companies by 9.7% in the third quarter. Rosenberg Matthew Hamilton now owns 4,136 shares of the business services provider’s stock valued at $131,000 after purchasing an additional 365 shares during the period. Benjamin Edwards Inc. boosted its stake in Interpublic Group of Companies by 73.8% in the 2nd quarter. Benjamin Edwards Inc. now owns 883 shares of the business services provider’s stock worth $26,000 after buying an additional 375 shares during the last quarter. Ballentine Partners LLC grew its holdings in Interpublic Group of Companies by 2.9% in the 3rd quarter. Ballentine Partners LLC now owns 14,058 shares of the business services provider’s stock valued at $445,000 after buying an additional 399 shares during the period. EverSource Wealth Advisors LLC increased its stake in shares of Interpublic Group of Companies by 52.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,177 shares of the business services provider’s stock valued at $38,000 after acquiring an additional 405 shares during the last quarter. Finally, Empirical Finance LLC lifted its holdings in shares of Interpublic Group of Companies by 1.3% during the 3rd quarter. Empirical Finance LLC now owns 32,609 shares of the business services provider’s stock worth $1,031,000 after acquiring an additional 409 shares during the period. 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.