Interpublic Group of Companies (NYSE:IPG) Raised to Hold at StockNews.com

Interpublic Group of Companies (NYSE:IPG) was upgraded by equities researchers at StockNews.com from a “sell” rating to a “hold” rating in a research note issued to investors on Saturday.

Several other brokerages have also commented on IPG. JPMorgan Chase & Co. lowered Interpublic Group of Companies from an “overweight” rating to a “neutral” rating and cut their price objective for the stock from $36.00 to $33.00 in a report on Tuesday, October 1st. Bank of America cut their price objective on Interpublic Group of Companies from $36.00 to $35.00 and set a “buy” rating for the company in a report on Thursday, September 5th. UBS Group lowered Interpublic Group of Companies from a “neutral” rating to a “sell” rating and cut their price objective for the stock from $34.00 to $29.00 in a report on Thursday, September 12th. Wells Fargo & Company reaffirmed an “underweight” rating and issued a $26.00 price objective (down previously from $28.00) on shares of Interpublic Group of Companies in a report on Tuesday, October 22nd. Finally, BNP Paribas lowered Interpublic Group of Companies from a “neutral” rating to an “underperform” rating in a report on Monday, September 30th. Four research analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, Interpublic Group of Companies presently has a consensus rating of “Hold” and a consensus price target of $30.57.

Interpublic Group of Companies Stock Down 0.8 %

Interpublic Group of Companies stock opened at $29.83 on Friday. The firm has a market cap of $11.11 billion, a price-to-earnings ratio of 14.07, a PEG ratio of 5.01 and a beta of 1.10. The stock has a fifty day simple moving average of $30.90 and a two-hundred day simple moving average of $30.67. Interpublic Group of Companies has a 12 month low of $28.00 and a 12 month high of $35.17. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.77.

Interpublic Group of Companies (NYSE:IPG) last posted its earnings results on Tuesday, October 22nd. The business services provider reported $0.70 EPS for the quarter, hitting analysts’ consensus estimates of $0.70. The business had revenue of $2.24 billion during the quarter, compared to analyst estimates of $2.30 billion. Interpublic Group of Companies had a return on equity of 27.76% and a net margin of 7.44%. The company’s quarterly revenue was down 2.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.70 EPS. Equities analysts predict that Interpublic Group of Companies will post 2.81 EPS for the current fiscal year.

Hedge Funds Weigh In On Interpublic Group of Companies

Several large investors have recently made changes to their positions in the business. Advisors Asset Management Inc. lifted its position in shares of Interpublic Group of Companies by 9.6% in the third quarter. Advisors Asset Management Inc. now owns 426,349 shares of the business services provider’s stock valued at $13,485,000 after acquiring an additional 37,323 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG purchased a new position in shares of Interpublic Group of Companies in the third quarter valued at about $294,000. LMR Partners LLP purchased a new position in shares of Interpublic Group of Companies in the third quarter valued at about $479,000. Quest Partners LLC lifted its position in shares of Interpublic Group of Companies by 418.7% in the third quarter. Quest Partners LLC now owns 6,878 shares of the business services provider’s stock valued at $218,000 after acquiring an additional 5,552 shares in the last quarter. Finally, AM Squared Ltd lifted its position in shares of Interpublic Group of Companies by 63.2% in the third quarter. AM Squared Ltd now owns 3,100 shares of the business services provider’s stock valued at $98,000 after acquiring an additional 1,200 shares in the last quarter. 98.43% of the stock is currently owned by hedge funds and other institutional investors.

About Interpublic Group of Companies

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.