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 research report issued on Friday. The firm set a “hold” rating on the business services provider’s stock.

A number of other equities analysts have also recently issued reports on the stock. Wells Fargo & Company upgraded shares of Interpublic Group of Companies from an “underweight” rating to an “equal weight” rating and upped their price objective for the stock from $26.00 to $34.00 in a research report on Tuesday, December 10th. UBS Group downgraded shares of Interpublic Group of Companies from a “neutral” rating to a “sell” rating and lowered their price target for the stock from $34.00 to $29.00 in a report on Thursday, September 12th. Macquarie reissued a “neutral” rating and set a $31.00 price objective on shares of Interpublic Group of Companies in a report on Tuesday, October 22nd. JPMorgan Chase & Co. cut Interpublic Group of Companies from an “overweight” rating to a “neutral” rating and lowered their target price for the stock from $36.00 to $33.00 in a report on Tuesday, October 1st. Finally, Bank of America dropped their target price on Interpublic Group of Companies from $36.00 to $35.00 and set a “buy” rating for the company in a research report on Thursday, September 5th. Three research analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, Interpublic Group of Companies currently has an average rating of “Hold” and a consensus target price of $31.71.

Interpublic Group of Companies Trading Down 1.5 %

Shares of IPG opened at $28.11 on Friday. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.09 and a current ratio of 1.09. Interpublic Group of Companies has a 52-week low of $26.88 and a 52-week high of $35.17. The firm has a market cap of $10.47 billion, a price-to-earnings ratio of 13.26 and a beta of 1.10. The business’s fifty day moving average is $29.52 and its 200-day moving average is $30.22.

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 (EPS) for the quarter, meeting analysts’ consensus estimates of $0.70. The firm had revenue of $2.24 billion for the quarter, compared to analysts’ expectations of $2.30 billion. Interpublic Group of Companies had a return on equity of 27.76% and a net margin of 7.44%. The business’s revenue for the quarter was down 2.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.70 earnings per share. Equities analysts anticipate that Interpublic Group of Companies will post 2.81 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Principal Financial Group Inc. increased its position in shares of Interpublic Group of Companies by 7.4% during the third quarter. Principal Financial Group Inc. now owns 2,277,771 shares of the business services provider’s stock worth $72,041,000 after buying an additional 157,695 shares during the period. Copley Financial Group Inc. bought a new stake in Interpublic Group of Companies during the third quarter valued at $485,000. Franklin Resources Inc. grew its holdings in Interpublic Group of Companies by 1.7% during the 3rd quarter. Franklin Resources Inc. now owns 295,937 shares of the business services provider’s stock worth $9,322,000 after acquiring an additional 4,848 shares during the period. Peapack Gladstone Financial Corp raised its position in shares of Interpublic Group of Companies by 2.9% in the 3rd quarter. Peapack Gladstone Financial Corp now owns 336,896 shares of the business services provider’s stock worth $10,657,000 after acquiring an additional 9,567 shares in the last quarter. Finally, Tidal Investments LLC lifted its stake in shares of Interpublic Group of Companies by 13.1% in the 3rd quarter. Tidal Investments LLC now owns 139,984 shares of the business services provider’s stock valued at $4,428,000 after purchasing an additional 16,187 shares during the period. Institutional investors own 98.43% of the company’s stock.

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.