WPP (NYSE:WPP) Raised to “Buy” at StockNews.com

StockNews.com upgraded shares of WPP (NYSE:WPP) from a hold rating to a buy rating in a research note published on Friday morning.

WPP Stock Performance

NYSE:WPP opened at $48.17 on Friday. WPP has a 12-month low of $41.13 and a 12-month high of $55.55. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.86 and a current ratio of 0.86. The business has a 50 day simple moving average of $48.79 and a 200 day simple moving average of $48.33.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in WPP. Blue Trust Inc. raised its stake in WPP by 767.1% during the 2nd quarter. Blue Trust Inc. now owns 737 shares of the business services provider’s stock valued at $35,000 after acquiring an additional 652 shares in the last quarter. Allspring Global Investments Holdings LLC bought a new stake in WPP during the 1st quarter valued at $39,000. Voisard Asset Management Group Inc. bought a new stake in WPP during the 4th quarter valued at $45,000. EverSource Wealth Advisors LLC raised its stake in WPP by 62.0% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,320 shares of the business services provider’s stock valued at $66,000 after acquiring an additional 505 shares in the last quarter. Finally, Cetera Trust Company N.A bought a new stake in WPP during the 4th quarter valued at $148,000. Institutional investors and hedge funds own 4.34% of the company’s stock.

About WPP

WPP plc, a creative transformation company, provides communications, experience, commerce, and technology services in North America, the United Kingdom, Western Continental Europe, the Asia Pacific, Latin America, Africa, the Middle East, and Central and Eastern Europe. The company operates through three segments: Global Integrated Agencies, Public Relations, and Specialist Agencies.