Interpublic Group of Companies, Inc. (The) (IPG) Receives Average Rating of “Hold” from Brokerages

Interpublic Group of Companies, Inc. (The) (NYSE:IPG) has been given a consensus recommendation of “Hold” by the nineteen research firms that are covering the firm, Marketbeat.com reports. Four investment analysts have rated the stock with a sell recommendation, five have given a hold recommendation and nine have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $26.63.

A number of research analysts recently weighed in on IPG shares. BMO Capital Markets restated a “buy” rating and set a $26.00 price objective on shares of Interpublic Group of Companies in a research report on Wednesday, September 13th. Credit Suisse Group set a $26.00 price target on shares of Interpublic Group of Companies and gave the stock a “buy” rating in a research report on Wednesday, October 11th. Zacks Investment Research upgraded shares of Interpublic Group of Companies from a “hold” rating to a “buy” rating and set a $24.00 price target on the stock in a research report on Tuesday, October 10th. Wells Fargo & Co reiterated a “buy” rating on shares of Interpublic Group of Companies in a research report on Tuesday, October 24th. Finally, Pivotal Research reiterated a “buy” rating and issued a $23.00 price target on shares of Interpublic Group of Companies in a research report on Tuesday, October 24th.

Shares of Interpublic Group of Companies (NYSE IPG) traded up $0.16 during trading on Monday, reaching $20.35. 4,270,822 shares of the company were exchanged, compared to its average volume of 4,717,720. The company has a market capitalization of $7,910.00, a P/E ratio of 25.12, a price-to-earnings-growth ratio of 1.22 and a beta of 1.47. Interpublic Group of Companies has a 12 month low of $18.30 and a 12 month high of $25.71. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.63.

Interpublic Group of Companies (NYSE:IPG) last issued its quarterly earnings data on Tuesday, October 24th. The business services provider reported $0.31 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.33 by ($0.02). The company had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.96 billion. Interpublic Group of Companies had a net margin of 7.43% and a return on equity of 27.38%. The firm’s revenue for the quarter was down 1.0% on a year-over-year basis. During the same quarter last year, the company earned $0.31 EPS. equities research analysts predict that Interpublic Group of Companies will post 1.39 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Friday, December 1st were paid a $0.18 dividend. The ex-dividend date was Thursday, November 30th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.54%. Interpublic Group of Companies’s dividend payout ratio (DPR) is presently 88.89%.

In other news, Director H John Greeniaus sold 43,479 shares of the stock in a transaction on Friday, November 10th. The shares were sold at an average price of $19.00, for a total value of $826,101.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.49% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in IPG. Schwab Charles Investment Management Inc. increased its stake in shares of Interpublic Group of Companies by 2.7% in the second quarter. Schwab Charles Investment Management Inc. now owns 1,763,270 shares of the business services provider’s stock worth $43,377,000 after purchasing an additional 46,136 shares in the last quarter. Prudential Financial Inc. increased its stake in shares of Interpublic Group of Companies by 1.3% in the second quarter. Prudential Financial Inc. now owns 559,942 shares of the business services provider’s stock worth $13,775,000 after purchasing an additional 6,963 shares in the last quarter. Pacer Advisors Inc. increased its stake in shares of Interpublic Group of Companies by 8.1% in the second quarter. Pacer Advisors Inc. now owns 8,368 shares of the business services provider’s stock worth $206,000 after purchasing an additional 624 shares in the last quarter. Neuberger Berman Group LLC increased its stake in shares of Interpublic Group of Companies by 16.6% in the second quarter. Neuberger Berman Group LLC now owns 25,057 shares of the business services provider’s stock worth $616,000 after purchasing an additional 3,576 shares in the last quarter. Finally, Principal Financial Group Inc. increased its stake in shares of Interpublic Group of Companies by 10.9% in the second quarter. Principal Financial Group Inc. now owns 1,064,305 shares of the business services provider’s stock worth $26,181,000 after purchasing an additional 104,416 shares in the last quarter. 99.78% of the stock is owned by hedge funds and other institutional investors.

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About Interpublic Group of Companies

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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