Wpp Plc (NASDAQ:WPPGY) Upgraded at Pivotal Research

Pivotal Research upgraded shares of Wpp Plc (NASDAQ:WPPGY) from a hold rating to a buy rating in a research note published on Tuesday, October 31st, Marketbeat Ratings reports.

WPPGY has been the subject of several other research reports. BNP Paribas lowered Wpp Plc from an outperform rating to an underperform rating in a report on Friday, July 7th. Zacks Investment Research lowered Wpp Plc from a buy rating to a hold rating in a report on Thursday, August 17th. Deutsche Bank AG lowered Wpp Plc from a buy rating to a hold rating in a report on Monday, July 17th. BidaskClub lowered Wpp Plc from a sell rating to a strong sell rating in a report on Wednesday, July 12th. Finally, Morgan Stanley downgraded Wpp Plc from an overweight rating to an equal weight rating in a research report on Tuesday, September 26th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and seven have issued a buy rating to the stock. Wpp Plc presently has an average rating of Hold and an average target price of $116.00.

Shares of Wpp Plc (NASDAQ:WPPGY) traded up $0.46 during trading hours on Tuesday, reaching $84.03. The company’s stock had a trading volume of 334,354 shares, compared to its average volume of 301,035. The company has a current ratio of 0.99, a quick ratio of 0.96 and a debt-to-equity ratio of 0.67. Wpp Plc has a fifty-two week low of $82.44 and a fifty-two week high of $119.12.

Wpp Plc (NASDAQ:WPPGY) last announced its quarterly earnings data on Wednesday, August 23rd. The business services provider reported $3.02 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $3.02. sell-side analysts forecast that Wpp Plc will post 7.95 earnings per share for the current year.

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The firm also recently announced a semiannual dividend, which was paid on Monday, November 6th. Investors of record on Friday, October 6th were issued a dividend of $1.4532 per share. The ex-dividend date was Thursday, October 5th. This represents a dividend yield of 3.15%.

Several institutional investors have recently made changes to their positions in the stock. Ladenburg Thalmann Financial Services Inc. raised its holdings in shares of Wpp Plc by 150.8% during the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,743 shares of the business services provider’s stock valued at $162,000 after acquiring an additional 1,048 shares in the last quarter. Cubist Systematic Strategies LLC bought a new position in shares of Wpp Plc during the third quarter valued at approximately $637,000. Oppenheimer Asset Management Inc. raised its holdings in shares of Wpp Plc by 33.3% during the third quarter. Oppenheimer Asset Management Inc. now owns 53,776 shares of the business services provider’s stock valued at $4,992,000 after acquiring an additional 13,422 shares in the last quarter. Lenox Wealth Management Inc. raised its holdings in shares of Wpp Plc by 52.6% during the third quarter. Lenox Wealth Management Inc. now owns 38,245 shares of the business services provider’s stock valued at $3,549,000 after acquiring an additional 13,176 shares in the last quarter. Finally, Santa Barbara Asset Management LLC grew its stake in Wpp Plc by 7.2% in the third quarter. Santa Barbara Asset Management LLC now owns 36,086 shares of the business services provider’s stock worth $3,349,000 after purchasing an additional 2,418 shares during the period. Institutional investors own 3.92% of the company’s stock.

Wpp Plc Company Profile

WPP PLC is a parent company that, through its subsidiaries, is engaged in the provision of communications and marketing services worldwide. The Company has four segments: Advertising and Media Investment Management; Consumer Insight (formerly Information, Insight & Consultancy); Public Relations & Public Affairs, and Branding & Identity, Healthcare and Specialist Communications, which includes WPP Digital and direct, digital, promotional and relationship marketing.

Analyst Recommendations for Wpp Plc (NASDAQ:WPPGY)

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