Media coverage about Interpublic Group of Companies (NYSE:IPG) has been trending positive recently, according to AlphaOne Sentiment. The research group, a unit of Accern, identifies negative and positive press coverage by monitoring more than twenty million blog and news sources in real time. AlphaOne 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 0.48 on AlphaOne’s scale. AlphaOne also assigned media headlines about the business services provider an impact score of 66 out of 100, indicating that recent press coverage is likely to have an impact on the stock’s share price in the immediate future.
Here are some of the media headlines that may have impacted AlphaOne’s rankings:
- What you need to know about the future of The Interpublic Group of Companies Inc’s (IPG) business? (simplywall.st)
- The Interpublic Group of Companies, Inc. (NYSE:IPG) Files An 8-K Results of Operations and Financial Condition (4-traders.com)
- Interpublic Group Of Companies Q1 Profit Rises (nasdaq.com)
- Interpublic Group Of Companies Inc. Q1 Income Climbs 298% (rttnews.com)
- Interpublic Announces First Quarter 2017 Results (finance.yahoo.com)
IPG has been the topic of several research reports. Morgan Stanley lowered Interpublic Group of Companies from an “overweight” rating to an “equal weight” rating and set a $26.00 target price on the stock. in a report on Thursday, January 5th. Royal Bank of Canada upped their price objective on Interpublic Group of Companies from $27.00 to $29.00 and gave the company a “top pick” rating in a research report on Friday, January 6th. Zacks Investment Research upgraded Interpublic Group of Companies from a “sell” rating to a “hold” rating in a research report on Monday, January 9th. Pivotal Research restated a “hold” rating and issued a $26.00 price objective (down from $28.00) on shares of Interpublic Group of Companies in a research report on Thursday, January 12th. Finally, S&P Equity Research restated a “reduce” rating on shares of Interpublic Group of Companies in a research report on Thursday, January 12th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $27.08.
Interpublic Group of Companies (NYSE:IPG) traded down 3.14% during trading on Friday, reaching $24.38. The company had a trading volume of 9,097,603 shares. Interpublic Group of Companies has a 12 month low of $21.67 and a 12 month high of $25.34. The stock has a 50 day moving average price of $24.44 and a 200 day moving average price of $23.65. The firm has a market capitalization of $9.57 billion, a price-to-earnings ratio of 16.36 and a beta of 1.60.
Interpublic Group of Companies (NYSE:IPG) last announced its quarterly earnings results on Friday, April 21st. The business services provider reported $0.05 earnings per share for the quarter, topping analysts’ consensus estimates of $0.03 by $0.02. Interpublic Group of Companies had a return on equity of 28.31% and a net margin of 7.76%. The company earned $1.75 billion during the quarter, compared to analysts’ expectations of $1.76 billion. The company’s quarterly revenue was up .7% compared to the same quarter last year. On average, equities research analysts predict that Interpublic Group of Companies will post $1.47 earnings per share for the current year.
In other Interpublic Group of Companies news, SVP Andrew Bonzani sold 38,831 shares of the business’s stock in a transaction dated Wednesday, March 1st. The stock was sold at an average price of $24.39, for a total value of $947,088.09. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Chairman Michael Isor Roth sold 500,000 shares of the business’s stock in a transaction dated Thursday, February 23rd. The stock was sold at an average price of $24.51, for a total value of $12,255,000.00. The disclosure for this sale can be found here. Insiders sold 1,354,639 shares of company stock valued at $33,081,398 in the last ninety days. Insiders own 1.75% of the company’s stock.
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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