Interpublic Group of Companies, Inc. (The) (NYSE:IPG) Receives $32.27 Consensus Price Target from Analysts

Shares of Interpublic Group of Companies, Inc. (The) (NYSE:IPG) have earned a consensus recommendation of “Hold” from the nine ratings firms that are presently covering the stock, Marketbeat.com reports. Six analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $32.2667.

IPG has been the topic of several recent research reports. UBS Group cut their target price on shares of Interpublic Group of Companies from $27.00 to $25.60 and set a “neutral” rating on the stock in a research note on Wednesday, July 23rd. Zacks Research downgraded shares of Interpublic Group of Companies from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 13th. Wall Street Zen raised shares of Interpublic Group of Companies to a “hold” rating in a research report on Saturday, August 16th. Barclays increased their price objective on shares of Interpublic Group of Companies from $27.50 to $28.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 7th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Interpublic Group of Companies in a research report on Wednesday, October 8th.

Interpublic Group of Companies Price Performance

Shares of IPG opened at $25.01 on Tuesday. Interpublic Group of Companies has a fifty-two week low of $22.51 and a fifty-two week high of $33.05. The firm’s 50 day moving average price is $26.53 and its 200 day moving average price is $25.37. The company has a market cap of $9.16 billion, a P/E ratio of 21.20 and a beta of 1.09. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.78.

Institutional Investors Weigh In On Interpublic Group of Companies

A number of large investors have recently modified their holdings of IPG. Canada Pension Plan Investment Board grew its position in shares of Interpublic Group of Companies by 6.7% in the 2nd quarter. Canada Pension Plan Investment Board now owns 14,819,997 shares of the business services provider’s stock valued at $362,794,000 after buying an additional 934,613 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Interpublic Group of Companies by 1.6% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 13,998,667 shares of the business services provider’s stock valued at $342,687,000 after buying an additional 217,212 shares during the last quarter. Invesco Ltd. grew its position in shares of Interpublic Group of Companies by 3.5% in the 2nd quarter. Invesco Ltd. now owns 10,610,766 shares of the business services provider’s stock valued at $259,752,000 after buying an additional 360,987 shares during the last quarter. Goldman Sachs Group Inc. grew its position in shares of Interpublic Group of Companies by 49.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 8,510,242 shares of the business services provider’s stock valued at $231,138,000 after buying an additional 2,797,490 shares during the last quarter. Finally, Qube Research & Technologies Ltd purchased a new position in shares of Interpublic Group of Companies in the 2nd quarter valued at $143,727,000. 98.43% of the stock is owned by hedge funds and other institutional investors.

About Interpublic Group of Companies

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.