Interpublic Group of Companies (NYSE:IPG) Lifted to Neutral at Bank of America

Bank of America upgraded shares of Interpublic Group of Companies (NYSE:IPG) from an underperform rating to a neutral rating in a research report released on Wednesday, Briefing.com Automated Import reports.

Several other equities research analysts have also issued reports on the stock. Zacks Investment Research upgraded shares of HB Fuller from a sell rating to a hold rating in a research report on Wednesday, July 3rd. ValuEngine lowered shares of W&T Offshore from a hold rating to a sell rating in a research report on Friday, April 26th. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company has a consensus rating of Buy and a consensus target price of $25.86.

IPG stock opened at $23.77 on Wednesday. The company has a 50 day moving average price of $22.32. The company has a debt-to-equity ratio of 1.56, a current ratio of 0.96 and a quick ratio of 0.96. Interpublic Group of Companies has a 12 month low of $19.61 and a 12 month high of $25.10. The company has a market capitalization of $9.20 billion, a price-to-earnings ratio of 12.45, a P/E/G ratio of 2.66 and a beta of 1.05.

Interpublic Group of Companies (NYSE:IPG) last announced its earnings results on Friday, April 26th. The business services provider reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.05. Interpublic Group of Companies had a net margin of 6.31% and a return on equity of 32.74%. The business had revenue of $2 billion during the quarter, compared to analyst estimates of $1.95 billion. During the same period in the previous year, the business posted $0.04 earnings per share. Interpublic Group of Companies’s revenue for the quarter was up 13.0% on a year-over-year basis. Analysts anticipate that Interpublic Group of Companies will post 1.9 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Monday, June 17th. Shareholders of record on Monday, June 3rd were paid a dividend of $0.235 per share. This represents a $0.94 annualized dividend and a dividend yield of 3.95%. The ex-dividend date of this dividend was Friday, May 31st. Interpublic Group of Companies’s dividend payout ratio (DPR) is presently 50.54%.

In other Interpublic Group of Companies news, Director David M. Thomas purchased 8,650 shares of the firm’s stock in a transaction on Tuesday, April 30th. The shares were purchased at an average cost of $23.12 per share, with a total value of $199,988.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.09% of the company’s stock.

Hedge funds have recently bought and sold shares of the business. State of Wisconsin Investment Board raised its stake in shares of Interpublic Group of Companies by 58.2% during the first quarter. State of Wisconsin Investment Board now owns 951,434 shares of the business services provider’s stock worth $19,990,000 after acquiring an additional 350,133 shares in the last quarter. DNB Asset Management AS increased its stake in shares of Interpublic Group of Companies by 63.6% in the first quarter. DNB Asset Management AS now owns 143,576 shares of the business services provider’s stock worth $3,017,000 after buying an additional 55,817 shares during the period. Raymond James & Associates increased its stake in shares of Interpublic Group of Companies by 2.7% in the first quarter. Raymond James & Associates now owns 1,325,193 shares of the business services provider’s stock worth $27,842,000 after buying an additional 34,840 shares during the period. QS Investors LLC increased its stake in shares of Interpublic Group of Companies by 27.9% in the fourth quarter. QS Investors LLC now owns 11,909 shares of the business services provider’s stock worth $246,000 after buying an additional 2,600 shares during the period. Finally, Teacher Retirement System of Texas increased its stake in shares of Interpublic Group of Companies by 21.9% in the fourth quarter. Teacher Retirement System of Texas now owns 354,029 shares of the business services provider’s stock worth $7,304,000 after buying an additional 63,500 shares during the period. 99.27% 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. The company operates through two segments, Integrated Agency Networks and Constituency Management Group. It offers consumer advertising, digital marketing, communications planning and media buying, public relations, and specialized communications disciplines.

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

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