Interpublic Group of Companies (NYSE:IPG) Coverage Initiated at StockNews.com

Analysts at StockNews.com started coverage on shares of Interpublic Group of Companies (NYSE:IPG) in a note issued to investors on Monday. The brokerage set a “hold” rating on the business services provider’s stock.

Other equities analysts have also issued reports about the stock. Barclays decreased 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 report on Wednesday, October 23rd. Macquarie restated 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. Wells Fargo & Company upgraded 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 report on Tuesday, December 10th. BNP Paribas upgraded shares of Interpublic Group of Companies from an “underperform” rating to an “outperform” rating and set a $38.00 target price on the stock in a research note on Friday, January 10th. Finally, JPMorgan Chase & Co. lowered shares of Interpublic Group of Companies from an “overweight” rating to a “neutral” rating and reduced their price target for the stock from $36.00 to $33.00 in a research note on Tuesday, October 1st. Two research analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat, Interpublic Group of Companies has an average rating of “Hold” and an average target price of $32.50.

Interpublic Group of Companies Stock Up 1.4 %

Shares of NYSE:IPG opened at $28.22 on Monday. Interpublic Group of Companies has a 12-month low of $26.30 and a 12-month high of $35.17. The stock has a market capitalization of $10.51 billion, a price-to-earnings ratio of 13.31 and a beta of 1.11. The stock has a fifty day simple moving average of $28.79 and a two-hundred day simple moving average of $30.05. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.77.

Interpublic Group of Companies (NYSE:IPG) last announced its quarterly earnings data on Tuesday, October 22nd. The business services provider reported $0.70 EPS for the quarter, meeting the consensus estimate of $0.70. The company had revenue of $2.24 billion for the quarter, compared to the consensus estimate of $2.30 billion. Interpublic Group of Companies had a net margin of 7.44% and a return on equity of 27.76%. Interpublic Group of Companies’s revenue for the quarter was down 2.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.70 EPS. On average, research analysts anticipate that Interpublic Group of Companies will post 2.81 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Rosenberg Matthew Hamilton raised its stake in Interpublic Group of Companies by 9.7% during the 3rd quarter. Rosenberg Matthew Hamilton now owns 4,136 shares of the business services provider’s stock worth $131,000 after acquiring an additional 365 shares during the period. Benjamin Edwards Inc. raised its position in shares of 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 purchasing an additional 375 shares during the period. Ballentine Partners LLC lifted its stake in shares of Interpublic Group of Companies by 2.9% during the 3rd quarter. Ballentine Partners LLC now owns 14,058 shares of the business services provider’s stock valued at $445,000 after buying an additional 399 shares in the last quarter. EverSource Wealth Advisors LLC boosted its holdings in 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 worth $38,000 after buying an additional 405 shares during the period. Finally, Empirical Finance LLC raised its holdings in Interpublic Group of Companies by 1.3% during the third quarter. Empirical Finance LLC now owns 32,609 shares of the business services provider’s stock valued at $1,031,000 after acquiring an additional 409 shares during the period. 98.43% of the stock is owned by hedge funds and other institutional investors.

Interpublic Group of Companies Company Profile

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.