Media stories about Interpublic Group of Companies (NYSE:IPG) have been trending positive recently, according to Accern. The research firm ranks the sentiment of news coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Interpublic Group of Companies earned a daily sentiment score of 0.31 on Accern’s scale. Accern also assigned news headlines about the business services provider an impact score of 46.6541828776197 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Here are some of the news headlines that may have effected Accern Sentiment’s rankings:
- Zacks: Brokerages Anticipate Interpublic Group of Companies Inc (IPG) Will Announce Quarterly Sales of $2.28 Billion (americanbankingnews.com)
- McCann Health Breaks Guinness World Record & Saves Lives (finance.yahoo.com)
- Stock Traders Buy High Volume of Put Options on Interpublic Group of Companies (IPG) (americanbankingnews.com)
- Imperial Mining Commences Trading on the TSXV (finance.yahoo.com)
A number of research analysts have weighed in on the company. Zacks Investment Research upgraded Interpublic Group of Companies from a “sell” rating to a “hold” rating in a research note on Tuesday, September 26th. Credit Suisse Group set a $26.00 price target on Interpublic Group of Companies and gave the company a “buy” rating in a research note on Wednesday, October 11th. Morgan Stanley restated a “hold” rating on shares of Interpublic Group of Companies in a research note on Monday, October 16th. Royal Bank of Canada restated a “hold” rating on shares of Interpublic Group of Companies in a research note on Friday, September 29th. Finally, Wells Fargo & Co restated a “buy” rating on shares of Interpublic Group of Companies in a research note on Tuesday, October 24th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and nine have assigned a buy rating to the stock. Interpublic Group of Companies currently has an average rating of “Hold” and an average target price of $25.77.
Interpublic Group of Companies (NYSE:IPG) last issued its earnings results on Tuesday, October 24th. The business services provider reported $0.31 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.33 by ($0.02). Interpublic Group of Companies 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 the consensus estimate of $1.96 billion. During the same quarter in the prior year, the firm posted $0.31 earnings per share. The business’s revenue was down 1.0% compared to the same quarter last year. equities analysts predict that Interpublic Group of Companies will post 1.39 EPS for the current fiscal year.
In other news, Director H John Greeniaus sold 43,479 shares of Interpublic Group of Companies stock in a transaction that occurred on Friday, November 10th. The stock was sold at an average price of $19.00, for a total transaction of $826,101.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 1.49% of the company’s stock.
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About Interpublic Group of Companies
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).
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