StockNews.com Begins Coverage on Interpublic Group of Companies (NYSE:IPG)

StockNews.com assumed coverage on shares of Interpublic Group of Companies (NYSE:IPG) in a report issued on Tuesday. The brokerage issued a hold rating on the business services provider’s stock.

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

Interpublic Group of Companies Stock Down 1.5 %

Shares of NYSE:IPG opened at $28.86 on Tuesday. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.77. The firm has a market cap of $10.75 billion, a P/E ratio of 13.61 and a beta of 1.11. Interpublic Group of Companies has a 12 month low of $26.30 and a 12 month high of $35.17. The company’s 50-day moving average price is $28.80 and its two-hundred day moving average price is $30.05.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Kestra Private Wealth Services LLC raised its holdings in Interpublic Group of Companies by 19.8% in the fourth quarter. Kestra Private Wealth Services LLC now owns 21,272 shares of the business services provider’s stock worth $596,000 after purchasing an additional 3,523 shares during the period. Empirical Finance LLC raised its stake in Interpublic Group of Companies by 52.8% during the 4th quarter. Empirical Finance LLC now owns 49,825 shares of the business services provider’s stock worth $1,396,000 after buying an additional 17,216 shares during the period. Kingsview Wealth Management LLC bought a new position in Interpublic Group of Companies during the fourth quarter worth about $9,041,000. Vest Financial LLC grew its stake in Interpublic Group of Companies by 31.5% in the fourth quarter. Vest Financial LLC now owns 1,205,662 shares of the business services provider’s stock valued at $33,783,000 after acquiring an additional 289,014 shares during the period. Finally, Lecap Asset Management Ltd. bought a new stake in shares of Interpublic Group of Companies in the fourth quarter worth about $282,000. Institutional investors and hedge funds own 98.43% of the company’s stock.

About Interpublic Group of Companies

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.