Interpublic Group of Companies, Inc. (The) (IPG) Lowered to “Hold” at Argus

Interpublic Group of Companies, Inc. (The) (NYSE:IPG) was downgraded by equities research analysts at Argus from a “buy” rating to a “hold” rating in a note issued to investors on Tuesday, October 31st, MarketBeat Ratings reports. They presently have a $27.00 price objective on the business services provider’s stock. Argus’ price target indicates a potential upside of 41.73% from the company’s current price.

Other equities analysts also recently issued reports about the company. BMO Capital Markets reissued an “outperform” rating and issued a $26.00 target price (down from $27.00) on shares of Interpublic Group of Companies, Inc. (The) in a research report on Wednesday, July 26th. Royal Bank Of Canada reissued a “buy” rating and issued a $29.00 target price on shares of Interpublic Group of Companies, Inc. (The) in a research report on Friday, July 14th. BidaskClub downgraded Interpublic Group of Companies, Inc. (The) from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Telsey Advisory Group cut their target price on Interpublic Group of Companies, Inc. (The) from $29.00 to $27.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 26th. Finally, Zacks Investment Research raised Interpublic Group of Companies, Inc. (The) from a “sell” rating to a “hold” rating in a research report on Tuesday, September 26th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and ten have given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $25.77.

Shares of Interpublic Group of Companies, Inc. (IPG) traded up $0.39 during mid-day trading on Tuesday, hitting $19.05. The stock had a trading volume of 4,969,922 shares, compared to its average volume of 7,941,547. The firm has a market capitalization of $7,402.99, a P/E ratio of 13.80, a PEG ratio of 1.18 and a beta of 1.46. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.93 and a current ratio of 0.93. Interpublic Group of Companies, Inc. has a 1-year low of $18.30 and a 1-year high of $25.71.

Interpublic Group of Companies, Inc. (The) (NYSE:IPG) last issued its quarterly earnings results on Tuesday, October 24th. The business services provider reported $0.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.02). Interpublic Group of Companies, Inc. (The) had a return on equity of 27.38% and a net margin of 7.43%. The business had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.96 billion. During the same period in the previous year, the company posted $0.31 earnings per share. The business’s revenue for the quarter was down 1.0% on a year-over-year basis. sell-side analysts forecast that Interpublic Group of Companies, Inc. will post 1.4 earnings per share for the current year.

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In other news, SVP Ellen Tobi Johnson sold 20,000 shares of the stock in a transaction dated Monday, August 21st. The shares were sold at an average price of $20.50, for a total transaction of $410,000.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director H John Greeniaus sold 43,479 shares of the stock in a transaction dated Friday, November 10th. The stock was sold at an average price of $19.00, for a total transaction of $826,101.00. The disclosure for this sale can be found here. Corporate insiders own 1.49% of the company’s stock.

A number of institutional investors have recently modified their holdings of IPG. Acrospire Investment Management LLC lifted its stake in Interpublic Group of Companies, Inc. (The) by 755.0% in the 2nd quarter. Acrospire Investment Management LLC now owns 4,506 shares of the business services provider’s stock valued at $111,000 after buying an additional 3,979 shares in the last quarter. Capstone Investment Advisors Netherlands B.V. lifted its stake in Interpublic Group of Companies, Inc. (The) by 35.6% in the 2nd quarter. Capstone Investment Advisors Netherlands B.V. now owns 4,775 shares of the business services provider’s stock valued at $117,000 after buying an additional 1,254 shares in the last quarter. Exane Derivatives lifted its stake in Interpublic Group of Companies, Inc. (The) by 181.3% in the 2nd quarter. Exane Derivatives now owns 5,634 shares of the business services provider’s stock valued at $139,000 after buying an additional 3,631 shares in the last quarter. Global X Management Co. LLC lifted its stake in Interpublic Group of Companies, Inc. (The) by 15.4% in the 2nd quarter. Global X Management Co. LLC now owns 6,349 shares of the business services provider’s stock valued at $156,000 after buying an additional 847 shares in the last quarter. Finally, First Bank & Trust lifted its stake in Interpublic Group of Companies, Inc. (The) by 22.7% in the 2nd quarter. First Bank & Trust now owns 7,004 shares of the business services provider’s stock valued at $172,000 after buying an additional 1,296 shares in the last quarter. 97.93% of the stock is currently owned by hedge funds and other institutional investors.

Interpublic Group of Companies, Inc. (The) Company Profile

The Interpublic Group of Companies, Inc is a global advertising and marketing services company. The Company specializes in consumer advertising, digital marketing, communications planning and media buying, public relations and specialized communications disciplines. It operates in two segments: Integrated Agency Networks (IAN) and Constituency Management Group (CMG).

Analyst Recommendations for Interpublic Group of Companies, Inc. (The) (NYSE:IPG)

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