Brokerages Set The Interpublic Group of Companies, Inc. (NYSE:IPG) PT at $35.50

Shares of The Interpublic Group of Companies, Inc. (NYSE:IPGGet Rating) have received an average recommendation of “Hold” from the fourteen ratings firms that are currently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and six have assigned a buy recommendation to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $35.50.

A number of analysts have recently issued reports on IPG shares. Morgan Stanley lowered their price objective on shares of Interpublic Group of Companies from $35.00 to $33.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 25th. ING Group started coverage on shares of Interpublic Group of Companies in a report on Thursday, September 8th. They set a “buy” rating on the stock. They noted that the move was a valuation call. Redburn Partners restated a “neutral” rating on shares of Interpublic Group of Companies in a report on Thursday, September 8th. StockNews.com started coverage on shares of Interpublic Group of Companies in a report on Wednesday, October 12th. They set a “hold” rating on the stock. Finally, BNP Paribas started coverage on shares of Interpublic Group of Companies in a report on Thursday, August 25th. They set an “outperform” rating on the stock.

Interpublic Group of Companies Price Performance

NYSE IPG opened at $34.22 on Friday. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.84. Interpublic Group of Companies has a 12-month low of $25.14 and a 12-month high of $39.98. The company has a market capitalization of $13.30 billion, a PE ratio of 13.58, a price-to-earnings-growth ratio of 8.27 and a beta of 1.07. The firm’s 50 day moving average is $28.95 and its 200-day moving average is $29.15.

Interpublic Group of Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 15th. Shareholders of record on Thursday, December 1st will be issued a $0.29 dividend. The ex-dividend date of this dividend is Wednesday, November 30th. This represents a $1.16 annualized dividend and a dividend yield of 3.39%. Interpublic Group of Companies’s dividend payout ratio is currently 46.03%.

Institutional Investors Weigh In On Interpublic Group of Companies

Institutional investors have recently modified their holdings of the business. Edge Capital Group LLC bought a new stake in shares of Interpublic Group of Companies in the second quarter valued at about $102,000. Financial Gravity Asset Management Inc. boosted its position in shares of Interpublic Group of Companies by 197.1% in the second quarter. Financial Gravity Asset Management Inc. now owns 728 shares of the business services provider’s stock valued at $4,268,000 after acquiring an additional 483 shares during the period. Tcwp LLC bought a new stake in shares of Interpublic Group of Companies in the first quarter valued at about $32,000. Concord Wealth Partners boosted its position in shares of Interpublic Group of Companies by 251.5% in the second quarter. Concord Wealth Partners now owns 942 shares of the business services provider’s stock valued at $26,000 after acquiring an additional 674 shares during the period. Finally, Venture Visionary Partners LLC bought a new stake in shares of Interpublic Group of Companies in the second quarter valued at about $26,000. Institutional investors own 97.92% of the company’s stock.

About Interpublic Group of Companies

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The Interpublic Group of Companies, Inc provides advertising and marketing services worldwide. It operates in two segments, Integrated Agency Networks (IAN) and IPG DXTRA. The company offers consumer advertising, digital marketing, communications planning and media buying, public relations, and specialized communications disciplines, as well as data science services.

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

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