Interpublic Group of Companies (NYSE:IPG) Now Covered by Analysts at StockNews.com

Investment analysts at StockNews.com assumed coverage on shares of Interpublic Group of Companies (NYSE:IPG) in a note issued to investors on Saturday. The brokerage set a “hold” rating on the business services provider’s stock.

Several other equities research analysts have also commented on the company. Wells Fargo & Company upgraded Interpublic Group of Companies from an “underweight” rating to an “equal weight” rating and upped their target price for the company from $26.00 to $34.00 in a research report on Tuesday, December 10th. BNP Paribas cut Interpublic Group of Companies from a “neutral” rating to an “underperform” rating in a report on Monday, September 30th. Barclays lowered their price objective on shares of Interpublic Group of Companies from $32.50 to $32.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 23rd. JPMorgan Chase & Co. lowered shares of Interpublic Group of Companies from an “overweight” rating to a “neutral” rating and cut their target price for the stock from $36.00 to $33.00 in a research note on Tuesday, October 1st. Finally, Macquarie reaffirmed a “neutral” rating and issued a $31.00 price target on shares of Interpublic Group of Companies in a research note on Tuesday, October 22nd. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $31.71.

Interpublic Group of Companies Stock Performance

NYSE:IPG opened at $28.13 on Friday. The company has a market capitalization of $10.48 billion, a PE ratio of 13.27 and a beta of 1.11. Interpublic Group of Companies has a fifty-two week low of $26.88 and a fifty-two week high of $35.17. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.09 and a current ratio of 1.09. The company has a 50 day simple moving average of $29.30 and a two-hundred day simple moving average of $30.16.

Interpublic Group of Companies (NYSE:IPG) last announced its earnings results on Tuesday, October 22nd. The business services provider reported $0.70 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.70. The business had revenue of $2.24 billion during the quarter, compared to the consensus estimate of $2.30 billion. Interpublic Group of Companies had a net margin of 7.44% and a return on equity of 27.76%. Interpublic Group of Companies’s quarterly revenue was down 2.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.70 earnings per share. Research analysts anticipate that Interpublic Group of Companies will post 2.81 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Commonwealth Equity Services LLC increased its stake in Interpublic Group of Companies by 2.0% in the 2nd quarter. Commonwealth Equity Services LLC now owns 50,523 shares of the business services provider’s stock valued at $1,470,000 after buying an additional 1,002 shares during the last quarter. Natixis Advisors LLC increased its position in shares of Interpublic Group of Companies by 87.3% during the second quarter. Natixis Advisors LLC now owns 269,186 shares of the business services provider’s stock valued at $7,831,000 after acquiring an additional 125,505 shares during the last quarter. Larson Financial Group LLC lifted its holdings in Interpublic Group of Companies by 11.1% during the second quarter. Larson Financial Group LLC now owns 6,592 shares of the business services provider’s stock worth $192,000 after acquiring an additional 659 shares during the period. TD Asset Management Inc boosted its position in Interpublic Group of Companies by 5.8% in the second quarter. TD Asset Management Inc now owns 421,364 shares of the business services provider’s stock worth $12,257,000 after purchasing an additional 23,252 shares during the last quarter. Finally, National Bank of Canada FI grew its stake in Interpublic Group of Companies by 17.3% in the 2nd quarter. National Bank of Canada FI now owns 103,590 shares of the business services provider’s stock valued at $2,909,000 after purchasing an additional 15,273 shares during the period. Hedge funds and other 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.