Royal Bank Of Canada Raises Interpublic Group of Companies, Inc. (The) (IPG) Price Target to $29.00

Interpublic Group of Companies, Inc. (The) (NYSE:IPG) had its target price hoisted by Royal Bank Of Canada from $27.00 to $29.00 in a research note issued to investors on Friday. Royal Bank Of Canada currently has a top pick rating on the stock.

Several other research firms have also weighed in on IPG. Wedbush reiterated an outperform rating and set a $28.00 target price on shares of Interpublic Group of Companies, Inc. (The) in a research note on Friday, October 21st. Pivotal Research boosted their target price on shares of Interpublic Group of Companies, Inc. (The) from $27.00 to $28.00 and gave the company a buy rating in a research note on Monday, October 17th. RBC Capital Markets started coverage on shares of Interpublic Group of Companies, Inc. (The) in a report on Thursday, October 6th. They set a top pick rating and a $27.00 price target for the company. Albert Fried & Company reissued a hold rating and set a $23.00 price target on shares of Interpublic Group of Companies, Inc. (The) in a report on Thursday, October 27th. Finally, Morgan Stanley downgraded shares of Interpublic Group of Companies, Inc. (The) from an overweight rating to an equal weight rating and set a $26.00 price target for the company. in a report on Thursday, January 5th. Three research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the company. The stock presently has an average rating of Buy and a consensus price target of $26.82.

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

Interpublic Group of Companies, Inc. (NYSE:IPG) traded up 0.536% during trading on Friday, reaching $23.435. 1,255,520 shares of the company’s stock traded hands. The company has a 50-day moving average of $23.83 and a 200 day moving average of $23.06. Interpublic Group of Companies, Inc. has a 12 month low of $19.79 and a 12 month high of $24.82. The stock has a market capitalization of $9.30 billion, a P/E ratio of 17.528 and a beta of 1.59.

Interpublic Group of Companies, Inc. (The) (NYSE:IPG) last released its earnings results on Friday, October 21st. The company reported $0.31 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.02. Interpublic Group of Companies, Inc. (The) had a net margin of 7.09% and a return on equity of 26.70%. The firm earned $1.92 billion during the quarter, compared to analyst estimates of $1.91 billion. During the same quarter in the previous year, the firm earned $0.27 earnings per share. The firm’s revenue for the quarter was up 3.0% compared to the same quarter last year. On average, equities research analysts expect that Interpublic Group of Companies, Inc. will post $1.32 earnings per share for the current fiscal year.

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The firm also recently declared a quarterly dividend, which was paid on Thursday, December 15th. Shareholders of record on Thursday, December 1st were given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 2.57%. The ex-dividend date of this dividend was Tuesday, November 29th. Interpublic Group of Companies, Inc. (The)’s dividend payout ratio (DPR) is presently 44.78%.

Large investors have recently modified their holdings of the company. NN Investment Partners Holdings N.V. boosted its stake in shares of Interpublic Group of Companies, Inc. (The) by 69.2% in the fourth quarter. NN Investment Partners Holdings N.V. now owns 217,639 shares of the company’s stock valued at $5,096,000 after buying an additional 89,009 shares during the period. RWC Asset Management LLP increased its stake in Interpublic Group of Companies, Inc. (The) by 58.5% in the third quarter. RWC Asset Management LLP now owns 291,220 shares of the company’s stock valued at $6,509,000 after buying an additional 107,538 shares during the last quarter. D.A. Davidson & CO. increased its stake in Interpublic Group of Companies, Inc. (The) by 2.7% in the third quarter. D.A. Davidson & CO. now owns 173,300 shares of the company’s stock valued at $3,869,000 after buying an additional 4,625 shares during the last quarter. Piedmont Investment Advisors LLC bought a new stake in Interpublic Group of Companies, Inc. (The) during the third quarter valued at about $743,000. Finally, Price T Rowe Associates Inc. MD increased its stake in Interpublic Group of Companies, Inc. (The) by 1.2% in the third quarter. Price T Rowe Associates Inc. MD now owns 1,205,919 shares of the company’s stock valued at $26,952,000 after buying an additional 14,710 shares during the last quarter. Hedge funds and other institutional investors own 95.27% of the company’s stock.

About Interpublic Group of Companies, Inc. (The)

The Interpublic Group of Companies, Inc (IPG) is an advertising and marketing services company. IPG’s companies are engaged in consumer advertising, digital marketing, communications planning and media buying, public relations and specialized communications disciplines. The Company operates through two segments: Integrated Agency Networks (IAN) and Constituency Management Group (CMG).

5 Day Chart for NYSE:IPG

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