Analysts Set Interpublic Group of Companies, Inc. (The) (IPG) Target Price at $26.33

Shares of Interpublic Group of Companies, Inc. (The) (NYSE:IPG) have been given a consensus recommendation of “Hold” by the nineteen brokerages that are presently covering the firm, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a sell recommendation, six have given a hold recommendation and nine have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $26.33.

Several equities analysts have recently commented on the stock. Jefferies Group lowered shares of Interpublic Group of Companies from a “buy” rating to a “hold” rating in a research report on Wednesday, December 13th. TheStreet lowered shares of Interpublic Group of Companies from a “b-” rating to a “c+” rating in a research report on Wednesday, November 22nd. Argus lowered shares of Interpublic Group of Companies from a “buy” rating to a “hold” rating and set a $27.00 price target for the company. in a research report on Tuesday, October 31st. Zacks Investment Research lowered shares of Interpublic Group of Companies from a “hold” rating to a “sell” rating in a research report on Friday, October 27th. Finally, BMO Capital Markets lowered their price target on shares of Interpublic Group of Companies from $26.00 to $25.00 and set an “outperform” rating for the company in a research report on Thursday, October 26th.

In related news, Director H John Greeniaus sold 43,479 shares of the stock in a transaction dated Friday, November 10th. The shares were sold at an average price of $19.00, for a total value of $826,101.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.49% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Wells Fargo & Company MN boosted its position in shares of Interpublic Group of Companies by 159.5% during the 3rd quarter. Wells Fargo & Company MN now owns 7,250,126 shares of the business services provider’s stock valued at $150,730,000 after purchasing an additional 4,455,788 shares in the last quarter. Neuberger Berman Group LLC boosted its position in shares of Interpublic Group of Companies by 9,649.2% during the 3rd quarter. Neuberger Berman Group LLC now owns 2,442,846 shares of the business services provider’s stock valued at $50,787,000 after purchasing an additional 2,417,789 shares in the last quarter. River Road Asset Management LLC bought a new position in shares of Interpublic Group of Companies during the 2nd quarter valued at about $49,040,000. Janus Henderson Group PLC boosted its position in shares of Interpublic Group of Companies by 4,195.7% during the 2nd quarter. Janus Henderson Group PLC now owns 1,815,832 shares of the business services provider’s stock valued at $44,669,000 after purchasing an additional 1,773,561 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its position in shares of Interpublic Group of Companies by 21.3% during the 2nd quarter. Goldman Sachs Group Inc. now owns 8,547,989 shares of the business services provider’s stock valued at $210,280,000 after purchasing an additional 1,503,316 shares in the last quarter. Hedge funds and other institutional investors own 99.83% of the company’s stock.

Interpublic Group of Companies (IPG) traded up $0.06 during trading on Thursday, hitting $20.39. 2,513,499 shares of the stock traded hands, compared to its average volume of 4,897,398. The company has a market capitalization of $7,950.93, a price-to-earnings ratio of 14.83, a P/E/G ratio of 1.35 and a beta of 1.47. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.63. Interpublic Group of Companies has a fifty-two week low of $18.30 and a fifty-two week high of $25.71.

Interpublic Group of Companies (NYSE:IPG) last released its quarterly earnings results on Tuesday, October 24th. The business services provider reported $0.31 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.02). The firm had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.96 billion. Interpublic Group of Companies had a return on equity of 27.38% and a net margin of 7.43%. The firm’s revenue was down 1.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.31 EPS. research analysts expect that Interpublic Group of Companies will post 1.39 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Friday, December 1st were given a $0.18 dividend. The ex-dividend date of this dividend was Thursday, November 30th. This represents a $0.72 dividend on an annualized basis and a yield of 3.53%. Interpublic Group of Companies’s dividend payout ratio is presently 50.00%.

TRADEMARK VIOLATION NOTICE: This report was originally reported by Sports Perspectives and is the sole property of of Sports Perspectives. If you are reading this report on another domain, it was illegally stolen and republished in violation of US & international trademark and copyright legislation. The correct version of this report can be viewed at https://sportsperspectives.com/2017/12/19/analysts-set-interpublic-group-of-companies-inc-the-ipg-target-price-at-26-33.html.

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).

Analyst Recommendations for Interpublic Group of Companies (NYSE:IPG)

Receive News & Ratings for Interpublic Group of Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Interpublic Group of Companies and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply