WPP (NYSE:WPP) Now Covered by The Goldman Sachs Group

The Goldman Sachs Group assumed coverage on shares of WPP (NYSE:WPP) in a research report issued on Wednesday. The firm set a “neutral” rating on the business services provider’s stock.

Several other equities analysts have also recently weighed in on the company. Kepler Capital Markets raised WPP from a “hold” rating to a “buy” rating in a research report on Friday, January 24th. Barclays downgraded shares of WPP from an “overweight” rating to an “equal weight” rating in a report on Friday, February 28th. Three investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

WPP Stock Performance

WPP opened at $39.78 on Wednesday. The firm has a market cap of $8.58 billion, a P/E ratio of 6.66, a price-to-earnings-growth ratio of 7.06 and a beta of 1.20. The business has a 50 day moving average price of $44.69 and a 200 day moving average price of $49.25. WPP has a twelve month low of $38.90 and a twelve month high of $57.37.

Hedge Funds Weigh In On WPP

Hedge funds have recently modified their holdings of the stock. Assetmark Inc. grew its position in WPP by 52,800.0% in the fourth quarter. Assetmark Inc. now owns 529 shares of the business services provider’s stock valued at $27,000 after acquiring an additional 528 shares during the period. Smartleaf Asset Management LLC lifted its position in WPP by 453.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,179 shares of the business services provider’s stock worth $61,000 after buying an additional 966 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of WPP by 92.4% in the fourth quarter. GAMMA Investing LLC now owns 1,247 shares of the business services provider’s stock valued at $64,000 after purchasing an additional 599 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in WPP in the third quarter worth about $84,000. Finally, Russell Investments Group Ltd. boosted its stake in shares of WPP by 57.0% in the 4th quarter. Russell Investments Group Ltd. now owns 2,168 shares of the business services provider’s stock valued at $111,000 after purchasing an additional 787 shares during the last quarter. 4.34% of the stock is owned by institutional investors and hedge funds.

WPP Company Profile

WPP plc, a creative transformation company, provides communications, experience, commerce, and technology services in North America, the United Kingdom, Western Continental Europe, the Asia Pacific, Latin America, Africa, the Middle East, and Central and Eastern Europe. The company operates through three segments: Global Integrated Agencies, Public Relations, and Specialist Agencies.