The Interpublic Group of Companies, Inc. (NYSE:IPG) Receives Consensus Rating of “Buy” from Analysts

Shares of The Interpublic Group of Companies, Inc. (NYSE:IPG) have received an average recommendation of “Buy” from the fourteen brokerages that are presently covering the stock, MarketBeat.com reports. Five research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $35.08.

A number of equities research analysts recently issued reports on IPG shares. Macquarie upped their price target on shares of The Interpublic Group of Companies from $37.00 to $41.00 and gave the company an “outperform” rating in a research note on Thursday, July 22nd. JP Morgan Cazenove boosted their price objective on shares of The Interpublic Group of Companies from $38.00 to $43.00 and gave the company an “overweight” rating in a research report on Tuesday, October 5th. Barclays restated an “overweight” rating on shares of The Interpublic Group of Companies in a report on Friday, July 2nd. JPMorgan Chase & Co. upped their price target on shares of The Interpublic Group of Companies from $38.00 to $43.00 and gave the stock an “overweight” rating in a report on Tuesday, October 5th. Finally, Morgan Stanley upped their price target on shares of The Interpublic Group of Companies from $33.00 to $36.00 and gave the stock an “equal weight” rating in a report on Thursday, July 22nd.

Shares of IPG stock traded up $1.35 during mid-day trading on Thursday, hitting $38.18. The company had a trading volume of 106,254 shares, compared to its average volume of 3,868,018. The company has a market capitalization of $15.03 billion, a P/E ratio of 20.17, a P/E/G ratio of 1.29 and a beta of 1.06. The stock’s 50 day moving average price is $37.15 and its 200-day moving average price is $34.00. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.00 and a quick ratio of 1.00. The Interpublic Group of Companies has a 52-week low of $17.43 and a 52-week high of $39.35.

The Interpublic Group of Companies (NYSE:IPG) last released its quarterly earnings results on Tuesday, July 20th. The business services provider reported $0.70 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.42 by $0.28. The company had revenue of $2.27 billion for the quarter, compared to the consensus estimate of $2.06 billion. The Interpublic Group of Companies had a net margin of 7.91% and a return on equity of 34.27%. The Interpublic Group of Companies’s revenue was up 22.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.23 earnings per share. On average, equities research analysts expect that The Interpublic Group of Companies will post 2.43 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 15th. Shareholders of record on Wednesday, September 1st were given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 2.83%. The ex-dividend date was Tuesday, August 31st. The Interpublic Group of Companies’s payout ratio is 62.43%.

In other The Interpublic Group of Companies news, Chairman Michael Isor Roth sold 200,000 shares of the stock in a transaction dated Wednesday, July 28th. The shares were sold at an average price of $35.27, for a total transaction of $7,054,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.75% of the company’s stock.

Several institutional investors have recently made changes to their positions in the stock. Unigestion Holding SA raised its position in shares of The Interpublic Group of Companies by 9.5% in the 3rd quarter. Unigestion Holding SA now owns 33,603 shares of the business services provider’s stock valued at $1,232,000 after purchasing an additional 2,910 shares during the last quarter. Marino Stram & Associates LLC purchased a new position in shares of The Interpublic Group of Companies in the 3rd quarter valued at approximately $933,000. IFM Investors Pty Ltd raised its position in shares of The Interpublic Group of Companies by 0.8% in the 3rd quarter. IFM Investors Pty Ltd now owns 53,149 shares of the business services provider’s stock valued at $1,949,000 after purchasing an additional 402 shares during the last quarter. Private Capital Group LLC raised its position in shares of The Interpublic Group of Companies by 53.9% in the 3rd quarter. Private Capital Group LLC now owns 3,509 shares of the business services provider’s stock valued at $129,000 after purchasing an additional 1,229 shares during the last quarter. Finally, Mountain Capital Investment Advisors Inc raised its position in shares of The Interpublic Group of Companies by 2.5% in the 3rd quarter. Mountain Capital Investment Advisors Inc now owns 21,748 shares of the business services provider’s stock valued at $810,000 after purchasing an additional 524 shares during the last quarter.

The Interpublic Group of Companies Company Profile

Interpublic Group of Cos., Inc engages in the provision of advertising and marketing services. The firm specializes in consumer advertising, digital marketing, communications planning and media buying, public relations and specialized communications disciplines. It operates through the following segments: Integrated Agency Network (IAN) and Constituency Management Group (CMG).

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

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