Interpublic Group of Companies, Inc. (The) (IPG) Receives Average Recommendation of “Hold” from Analysts

Interpublic Group of Companies, Inc. (The) (NYSE:IPG) has received an average recommendation of “Hold” from the eighteen research firms that are currently covering the company, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and eleven have given a buy recommendation to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $26.30.

Several brokerages have recently weighed in on IPG. Pivotal Research reissued a “buy” rating and issued a $23.00 price objective on shares of Interpublic Group of Companies, Inc. (The) in a research report on Tuesday, October 24th. BMO Capital Markets dropped their price objective on shares of Interpublic Group of Companies, Inc. (The) from $26.00 to $25.00 and set an “outperform” rating on the stock in a research report on Thursday. Royal Bank Of Canada reissued a “hold” rating on shares of Interpublic Group of Companies, Inc. (The) in a research report on Wednesday, October 25th. Wells Fargo & Company reissued a “buy” rating on shares of Interpublic Group of Companies, Inc. (The) in a research report on Tuesday, October 24th. Finally, Argus dropped their price objective on shares of Interpublic Group of Companies, Inc. (The) from $28.00 to $27.00 and set a “buy” rating on the stock in a research report on Wednesday, July 26th.

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In related news, SVP Ellen Tobi Johnson sold 20,000 shares of the firm’s stock in a transaction dated Monday, August 21st. The shares were sold at an average price of $20.50, for a total transaction of $410,000.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. 1.49% of the stock is currently owned by company insiders.

Institutional investors have recently made changes to their positions in the business. Acrospire Investment Management LLC grew its stake in Interpublic Group of Companies, Inc. (The) by 755.0% during the second quarter. Acrospire Investment Management LLC now owns 4,506 shares of the business services provider’s stock worth $111,000 after buying an additional 3,979 shares in the last quarter. Capstone Investment Advisors Netherlands B.V. grew its stake in Interpublic Group of Companies, Inc. (The) by 35.6% during the second quarter. Capstone Investment Advisors Netherlands B.V. now owns 4,775 shares of the business services provider’s stock worth $117,000 after buying an additional 1,254 shares in the last quarter. Global X Management Co. LLC grew its stake in Interpublic Group of Companies, Inc. (The) by 29.9% during the first quarter. Global X Management Co. LLC now owns 5,502 shares of the business services provider’s stock worth $135,000 after buying an additional 1,266 shares in the last quarter. Exane Derivatives grew its stake in Interpublic Group of Companies, Inc. (The) by 181.3% during the second quarter. Exane Derivatives now owns 5,634 shares of the business services provider’s stock worth $139,000 after buying an additional 3,631 shares in the last quarter. Finally, First Bank & Trust grew its stake in Interpublic Group of Companies, Inc. (The) by 22.7% during the second quarter. First Bank & Trust now owns 7,004 shares of the business services provider’s stock worth $172,000 after buying an additional 1,296 shares in the last quarter. Hedge funds and other institutional investors own 98.49% of the company’s stock.

Interpublic Group of Companies, Inc. (IPG) traded down 1.83% during mid-day trading on Wednesday, reaching $19.31. 6,536,022 shares of the company’s stock traded hands. Interpublic Group of Companies, Inc. has a 1-year low of $19.01 and a 1-year high of $25.71. The firm has a market cap of $7.59 billion, a PE ratio of 13.90 and a beta of 1.53. The firm has a 50 day moving average of $20.65 and a 200 day moving average of $22.70.

Interpublic Group of Companies, Inc. (The) (NYSE:IPG) last issued its quarterly earnings data on Tuesday, October 24th. The business services provider reported $0.31 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.33 by ($0.02). The company had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.96 billion. Interpublic Group of Companies, Inc. (The) had a net margin of 7.43% and a return on equity of 27.38%. Interpublic Group of Companies, Inc. (The)’s revenue for the quarter was down 1.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.31 earnings per share. Analysts forecast that Interpublic Group of Companies, Inc. will post $1.41 EPS for the current year.

About Interpublic Group of Companies, Inc. (The)

The Interpublic Group of Companies, Inc is a global advertising and marketing services company. The Company specializes in consumer advertising, digital marketing, communications planning and media buying, public relations and specialized communications disciplines. It operates in two segments: Integrated Agency Networks (IAN) and Constituency Management Group (CMG).

Analyst Recommendations for Interpublic Group of Companies, Inc. (The) (NYSE:IPG)

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