Interpublic Group of Companies (NYSE:IPG) Upgraded to “Outperform” at BNP Paribas

Interpublic Group of Companies (NYSE:IPG) was upgraded by BNP Paribas from an “underperform” rating to an “outperform” rating in a research report issued on Friday,Briefing.com Automated Import reports. The firm presently has a $38.00 price target on the business services provider’s stock. BNP Paribas’ price objective would indicate a potential upside of 37.83% from the stock’s previous close.

Other equities research analysts have also recently issued reports about the stock. Wells Fargo & Company raised shares of Interpublic Group of Companies from an “underweight” rating to an “equal weight” rating and lifted their price objective for the stock from $26.00 to $34.00 in a research report on Tuesday, December 10th. Barclays decreased their price target on Interpublic Group of Companies from $32.50 to $32.00 and set an “equal weight” rating for the company in a report on Wednesday, October 23rd. StockNews.com initiated coverage on Interpublic Group of Companies in a report on Saturday, January 4th. They issued a “hold” rating on the stock. UBS Group cut Interpublic Group of Companies from a “neutral” rating to a “sell” rating and decreased their target price for the stock from $34.00 to $29.00 in a research note on Thursday, September 12th. Finally, Macquarie reaffirmed a “neutral” rating and issued a $31.00 price target on shares of Interpublic Group of Companies in a report on Tuesday, October 22nd. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $32.50.

Interpublic Group of Companies Price Performance

Shares of NYSE IPG opened at $27.57 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. The company has a market cap of $10.27 billion, a price-to-earnings ratio of 13.00 and a beta of 1.11. The stock’s 50-day moving average is $29.12 and its two-hundred day moving average is $30.11. Interpublic Group of Companies has a 1-year low of $26.88 and a 1-year high of $35.17.

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

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Catalyst Capital Advisors LLC acquired a new stake in shares of Interpublic Group of Companies during the third quarter worth about $26,000. Benjamin Edwards Inc. raised its stake 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 valued at $26,000 after acquiring an additional 375 shares during the last quarter. Ashton Thomas Securities LLC acquired a new stake in Interpublic Group of Companies during the 3rd quarter worth approximately $32,000. EverSource Wealth Advisors LLC grew 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 last quarter. Finally, Quest Partners LLC acquired a new position in shares of Interpublic Group of Companies in the second quarter valued at approximately $39,000. 98.43% of the stock is currently owned by institutional investors and hedge funds.

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.