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.
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%.
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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