Interpublic Group of Companies (IPG) Receives $25.56 Average Target Price from Analysts

Interpublic Group of Companies (NYSE:IPG) has been given a consensus rating of “Hold” by the seventeen brokerages that are currently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and five have issued a buy rating on the company. The average 1-year price target among analysts that have covered the stock in the last year is $25.56.

A number of analysts have commented on the company. Pivotal Research decreased their price objective on Interpublic Group of Companies from $26.00 to $25.00 and set a “hold” rating for the company in a report on Tuesday, April 3rd. Atlantic Securities raised Interpublic Group of Companies from an “underweight” rating to a “neutral” rating in a report on Friday, March 2nd. Macquarie raised Interpublic Group of Companies from an “underperform” rating to a “neutral” rating and set a $24.00 price objective for the company in a report on Friday, February 16th. Royal Bank of Canada reissued a “hold” rating and set a $26.00 price objective on shares of Interpublic Group of Companies in a report on Thursday, February 15th. Finally, Jefferies Group reissued a “neutral” rating on shares of Interpublic Group of Companies in a report on Thursday, February 15th.

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In other news, CFO Frank Mergenthaler sold 65,536 shares of the business’s stock in a transaction that occurred on Thursday, March 1st. The stock was sold at an average price of $23.41, for a total value of $1,534,197.76. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Michael Isor Roth sold 188,732 shares of the business’s stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $23.59, for a total value of $4,452,187.88. The disclosure for this sale can be found here. Insiders sold a total of 448,258 shares of company stock worth $10,563,009 in the last 90 days. Company insiders own 1.49% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in IPG. Cambridge Investment Research Advisors Inc. lifted its stake in Interpublic Group of Companies by 31.2% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 16,183 shares of the business services provider’s stock valued at $326,000 after purchasing an additional 3,845 shares during the last quarter. Xact Kapitalforvaltning AB lifted its stake in Interpublic Group of Companies by 7.3% in the fourth quarter. Xact Kapitalforvaltning AB now owns 70,634 shares of the business services provider’s stock valued at $1,424,000 after purchasing an additional 4,805 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its stake in Interpublic Group of Companies by 134.9% in the fourth quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 389,696 shares of the business services provider’s stock valued at $7,856,000 after purchasing an additional 223,775 shares during the last quarter. Fairpointe Capital LLC lifted its stake in Interpublic Group of Companies by 112.1% in the fourth quarter. Fairpointe Capital LLC now owns 3,187,069 shares of the business services provider’s stock valued at $64,251,000 after purchasing an additional 1,684,583 shares during the last quarter. Finally, MetLife Investment Advisors LLC purchased a new position in Interpublic Group of Companies in the fourth quarter valued at approximately $2,424,000. Hedge funds and other institutional investors own 99.49% of the company’s stock.

Shares of Interpublic Group of Companies stock opened at $23.99 on Wednesday. Interpublic Group of Companies has a one year low of $18.30 and a one year high of $26.01. The stock has a market capitalization of $9,477.18, a P/E ratio of 17.36, a PEG ratio of 2.17 and a beta of 1.31. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.97 and a quick ratio of 0.97.

Interpublic Group of Companies (NYSE:IPG) last issued its earnings results on Wednesday, February 14th. The business services provider reported $0.79 EPS for the quarter, beating analysts’ consensus estimates of $0.77 by $0.02. The business had revenue of $2.34 billion during the quarter, compared to analyst estimates of $2.30 billion. Interpublic Group of Companies had a return on equity of 27.07% and a net margin of 7.35%. The firm’s revenue was up 3.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.81 EPS. analysts expect that Interpublic Group of Companies will post 1.7 EPS for the current fiscal year.

Interpublic Group of Companies declared that its Board of Directors has authorized a share repurchase program on Wednesday, February 14th that allows the company to repurchase $300.00 million in outstanding shares. This repurchase authorization allows the business services provider to reacquire shares of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s leadership believes its shares are undervalued.

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About Interpublic Group of Companies

The Interpublic Group of Companies, Inc provides advertising and marketing services worldwide. The company operates through two segments, Integrated Agency Networks and Constituency Management Group. It offers consumer advertising, digital marketing, communications planning and media buying, public relations, and specialized communications disciplines.

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

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