The Interpublic Group of Companies, Inc. (NYSE:IPG) Receives $31.71 Consensus Target Price from Analysts

Shares of The Interpublic Group of Companies, Inc. (NYSE:IPG) have received an average rating of “Reduce” from the eight brokerages that are presently covering the firm, Marketbeat reports. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $31.71.

Several analysts recently weighed in on IPG shares. Macquarie restated a “neutral” rating and issued a $31.00 price objective on shares of Interpublic Group of Companies in a report on Tuesday, October 22nd. BNP Paribas lowered shares of Interpublic Group of Companies from a “neutral” rating to an “underperform” rating in a report on Monday, September 30th. UBS Group cut shares of Interpublic Group of Companies from a “neutral” rating to a “sell” rating and lowered their price target for the stock from $34.00 to $29.00 in a research report on Thursday, September 12th. Wells Fargo & Company raised shares of Interpublic Group of Companies from an “underweight” rating to an “equal weight” rating and lifted their price objective for the company from $26.00 to $34.00 in a report on Tuesday, December 10th. Finally, Barclays lowered their target price on Interpublic Group of Companies from $32.50 to $32.00 and set an “equal weight” rating for the company in a report on Wednesday, October 23rd.

Interpublic Group of Companies Price Performance

Shares of IPG stock opened at $28.13 on Wednesday. The company has a market capitalization of $10.48 billion, a P/E ratio of 13.27 and a beta of 1.11. The company’s 50-day simple moving average is $29.30 and its two-hundred day simple moving average is $30.16. Interpublic Group of Companies has a one year low of $26.88 and a one year high of $35.17. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.09 and a quick ratio of 1.09.

Interpublic Group of Companies (NYSE:IPG) last released its quarterly earnings data on Tuesday, October 22nd. The business services provider reported $0.70 EPS for the quarter, hitting the consensus estimate of $0.70. The company had revenue of $2.24 billion for the quarter, compared to the consensus estimate of $2.30 billion. Interpublic Group of Companies had a return on equity of 27.76% and a net margin of 7.44%. Interpublic Group of Companies’s quarterly revenue was down 2.9% on a year-over-year basis. During the same period last year, the business posted $0.70 EPS. As a group, equities analysts anticipate that Interpublic Group of Companies will post 2.81 EPS for the current year.

Interpublic Group of Companies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 2nd were paid a $0.33 dividend. The ex-dividend date was Monday, December 2nd. This represents a $1.32 annualized dividend and a yield of 4.69%. Interpublic Group of Companies’s dividend payout ratio (DPR) is 62.26%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in IPG. Benjamin Edwards Inc. grew its position in Interpublic Group of Companies by 73.8% during the 2nd quarter. Benjamin Edwards Inc. now owns 883 shares of the business services provider’s stock worth $26,000 after purchasing an additional 375 shares during the last quarter. Catalyst Capital Advisors LLC purchased a new stake in shares of Interpublic Group of Companies during the third quarter valued at $26,000. Hazlett Burt & Watson Inc. increased its position in shares of Interpublic Group of Companies by 652.2% in the 2nd quarter. Hazlett Burt & Watson Inc. now owns 1,038 shares of the business services provider’s stock valued at $30,000 after acquiring an additional 900 shares during the period. International Assets Investment Management LLC purchased a new position in Interpublic Group of Companies in the 2nd quarter worth $32,000. Finally, Ashton Thomas Securities LLC acquired a new stake in Interpublic Group of Companies during the 3rd quarter worth about $32,000. 98.43% of the stock is currently owned by hedge funds and other institutional investors.

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.