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

StockNews.com started coverage on shares of Interpublic Group of Companies (NYSE:IPGFree Report) in a report published on Sunday morning. The brokerage issued a hold rating on the business services provider’s stock.

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

Read Our Latest Analysis on Interpublic Group of Companies

Interpublic Group of Companies Stock Performance

IPG stock opened at $27.31 on Friday. The business’s 50-day moving average price is $28.96 and its two-hundred day moving average price is $30.07. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.77. The firm has a market cap of $10.17 billion, a PE ratio of 12.88 and a beta of 1.11. Interpublic Group of Companies has a 1-year low of $26.30 and a 1-year high of $35.17.

Interpublic Group of Companies (NYSE:IPGGet Free Report) last released its quarterly earnings results on Tuesday, October 22nd. The business services provider reported $0.70 EPS for the quarter, hitting 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 for the quarter, compared to analyst estimates of $2.30 billion. During the same quarter last year, the firm posted $0.70 earnings per share. Interpublic Group of Companies’s revenue was down 2.9% compared to the same quarter last year. As a group, research analysts forecast that Interpublic Group of Companies will post 2.81 earnings per share for the current year.

Interpublic Group of Companies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 2nd were given a $0.33 dividend. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $1.32 annualized dividend and a yield of 4.83%. Interpublic Group of Companies’s dividend payout ratio is presently 62.26%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of IPG. Catalyst Capital Advisors LLC acquired a new stake in shares of Interpublic Group of Companies during the third quarter worth $26,000. Benjamin Edwards Inc. grew its holdings in Interpublic Group of Companies by 73.8% during the 2nd quarter. Benjamin Edwards Inc. now owns 883 shares of the business services provider’s stock worth $26,000 after acquiring an additional 375 shares during the period. Ashton Thomas Securities LLC bought a new position in shares of Interpublic Group of Companies in the 3rd quarter worth about $32,000. EverSource Wealth Advisors LLC lifted its stake in shares of Interpublic Group of Companies by 52.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,177 shares of the business services provider’s stock valued at $38,000 after purchasing an additional 405 shares during the period. Finally, Quest Partners LLC bought a new stake in shares of Interpublic Group of Companies during the 2nd quarter valued at about $39,000. 98.43% of the stock is owned by institutional investors.

Interpublic Group of Companies Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Interpublic Group of Companies (NYSE:IPG)

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