The Interpublic Group of Companies, Inc. (NYSE:IPG) Receives $35.00 Consensus PT from Analysts

The Interpublic Group of Companies, Inc. (NYSE:IPG) has earned an average recommendation of “Hold” from the seven research firms that are covering the firm, Marketbeat.com reports. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average twelve-month target price among analysts that have covered the stock in the last year is $34.88.

Several research analysts have recently commented on the company. Bank of America decreased their target price on Interpublic Group of Companies from $38.00 to $37.00 and set a “buy” rating for the company in a research report on Tuesday, June 25th. JPMorgan Chase & Co. decreased their target price on Interpublic Group of Companies from $37.00 to $36.00 and set an “overweight” rating for the company in a research report on Friday. Finally, Wells Fargo & Company decreased their target price on Interpublic Group of Companies from $32.00 to $31.00 and set an “equal weight” rating for the company in a research report on Thursday, April 25th.

Interpublic Group of Companies Price Performance

Shares of NYSE IPG opened at $29.42 on Wednesday. Interpublic Group of Companies has a fifty-two week low of $27.20 and a fifty-two week high of $40.90. The business has a 50 day moving average price of $30.26 and a two-hundred day moving average price of $31.45. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.75. The firm has a market cap of $11.10 billion, a PE ratio of 10.49, a price-to-earnings-growth ratio of 3.03 and a beta of 1.12.

Interpublic Group of Companies (NYSE:IPG) last issued its quarterly earnings data on Wednesday, April 24th. The business services provider reported $0.36 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.01. The firm had revenue of $2.50 billion during the quarter, compared to analyst estimates of $2.18 billion. Interpublic Group of Companies had a return on equity of 29.70% and a net margin of 9.97%. Interpublic Group of Companies’s quarterly revenue was down 1.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.38 EPS. Sell-side analysts expect that Interpublic Group of Companies will post 2.8 earnings per share for the current fiscal year.

Interpublic Group of Companies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 18th. Investors of record on Tuesday, June 4th were issued a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 4.49%. The ex-dividend date was Tuesday, June 4th. Interpublic Group of Companies’s dividend payout ratio (DPR) is 46.98%.

Institutional Trading of Interpublic Group of Companies

Several hedge funds have recently added to or reduced their stakes in the business. Bank of New York Mellon Corp raised its stake in Interpublic Group of Companies by 12.1% during the 1st quarter. Bank of New York Mellon Corp now owns 14,096,675 shares of the business services provider’s stock valued at $459,975,000 after acquiring an additional 1,516,975 shares in the last quarter. First Trust Advisors LP raised its stake in Interpublic Group of Companies by 12.7% during the 4th quarter. First Trust Advisors LP now owns 6,922,608 shares of the business services provider’s stock valued at $225,954,000 after acquiring an additional 777,456 shares in the last quarter. Ariel Investments LLC raised its stake in Interpublic Group of Companies by 2.9% during the 1st quarter. Ariel Investments LLC now owns 5,516,550 shares of the business services provider’s stock valued at $180,005,000 after acquiring an additional 154,355 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Interpublic Group of Companies by 2.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 5,150,371 shares of the business services provider’s stock valued at $168,119,000 after acquiring an additional 141,828 shares in the last quarter. Finally, American Century Companies Inc. raised its stake in Interpublic Group of Companies by 24.6% during the 3rd quarter. American Century Companies Inc. now owns 4,635,459 shares of the business services provider’s stock valued at $132,852,000 after acquiring an additional 916,574 shares in the last quarter. Institutional investors own 98.43% of the company’s stock.

Interpublic Group of Companies Company Profile

The Interpublic Group of Companies, Inc provides advertising and marketing services worldwide. It operates in three segments: Media, Data & Engagement Solutions, Integrated Advertising & Creativity Led Solutions, and Specialized Communications & Experiential Solutions. The Media, Data & Engagement Solutions segment provides media and communications services, digital services and products, advertising and marketing technology, e-commerce services, data management and analytics, strategic consulting, and digital brand experience under the IPG Mediabrands, UM, Initiative, Kinesso, Acxiom, Huge, MRM, and R/GA brand names.