Interpublic Group of Companies, Inc. (The) (IPG) Cut to “C+” at TheStreet

TheStreet downgraded shares of Interpublic Group of Companies, Inc. (The) (NYSE:IPG) from a b- rating to a c+ rating in a research report sent to investors on Wednesday morning.

A number of other brokerages have also commented on IPG. Morgan Stanley restated an equal weight rating and issued a $24.00 price target (down from $26.00) on shares of Interpublic Group of Companies in a report on Wednesday, July 26th. Telsey Advisory Group cut their price target on Interpublic Group of Companies from $29.00 to $27.00 and set an outperform rating on the stock in a report on Wednesday, July 26th. Royal Bank Of Canada lowered Interpublic Group of Companies from a top pick rating to a sector perform rating and cut their price target for the company from $29.00 to $24.00 in a report on Wednesday, July 26th. BidaskClub lowered Interpublic Group of Companies from a buy rating to a hold rating in a report on Monday, July 31st. Finally, Atlantic Securities lowered Interpublic Group of Companies from a neutral rating to an underweight rating in a report on Thursday, July 27th. Three research analysts have rated the stock with a sell rating, five have given a hold rating and ten have assigned a buy rating to the company. The company presently has a consensus rating of Hold and a consensus price target of $25.77.

Interpublic Group of Companies (NYSE:IPG) opened at $18.73 on Wednesday. Interpublic Group of Companies has a 52 week low of $18.30 and a 52 week high of $25.71. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.63. The stock has a market capitalization of $7,278.65, a PE ratio of 13.57, a price-to-earnings-growth ratio of 1.16 and a beta of 1.46.

Interpublic Group of Companies (NYSE:IPG) last posted its earnings results on Tuesday, October 24th. The business services provider reported $0.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.02). Interpublic Group of Companies had a net margin of 7.43% and a return on equity of 27.38%. The business had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.96 billion. During the same period in the previous year, the firm posted $0.31 earnings per share. The firm’s revenue was down 1.0% on a year-over-year basis. equities research analysts predict that Interpublic Group of Companies will post 1.4 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be issued a dividend of $0.18 per share. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $0.72 annualized dividend and a yield of 3.84%. Interpublic Group of Companies’s payout ratio is presently 50.00%.

In related news, Director H John Greeniaus sold 43,479 shares of the company’s stock in a transaction dated Friday, November 10th. The stock was sold at an average price of $19.00, for a total transaction of $826,101.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 1.49% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Stanley Laman Group Ltd. raised its holdings in Interpublic Group of Companies by 0.3% during the second quarter. Stanley Laman Group Ltd. now owns 25,352 shares of the business services provider’s stock worth $624,000 after acquiring an additional 67 shares in the last quarter. Ameritas Investment Partners Inc. raised its holdings in Interpublic Group of Companies by 1.0% during the second quarter. Ameritas Investment Partners Inc. now owns 9,123 shares of the business services provider’s stock worth $224,000 after acquiring an additional 90 shares in the last quarter. First Manhattan Co. raised its holdings in Interpublic Group of Companies by 2.7% during the second quarter. First Manhattan Co. now owns 7,533 shares of the business services provider’s stock worth $185,000 after acquiring an additional 195 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in Interpublic Group of Companies by 0.8% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 29,354 shares of the business services provider’s stock worth $722,000 after acquiring an additional 225 shares in the last quarter. Finally, Sentry Investment Management LLC raised its holdings in Interpublic Group of Companies by 1.1% during the second quarter. Sentry Investment Management LLC now owns 21,099 shares of the business services provider’s stock worth $519,000 after acquiring an additional 225 shares in the last quarter. Institutional investors and hedge funds own 97.93% of the company’s stock.

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Interpublic Group of Companies Company Profile

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).

Analyst Recommendations for Interpublic Group of Companies (NYSE:IPG)

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