Interpublic Group of Companies (IPG) – Research Analysts’ Weekly Ratings Updates

Interpublic Group of Companies (NYSE: IPG) recently received a number of ratings updates from brokerages and research firms:

• 10/23/2024 – Interpublic Group of Companies was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating.
• 10/23/2024 – Interpublic Group of Companies had its price target lowered by analysts at Barclays PLC from $32.50 to $32.00. They now have an “equal weight” rating on the stock.
• 10/22/2024 – Interpublic Group of Companies had its “underweight” rating reaffirmed by analysts at Wells Fargo & Company. They now have a $26.00 price target on the stock, down previously from $28.00.
• 10/22/2024 – Interpublic Group of Companies had its “neutral” rating reaffirmed by analysts at Macquarie. They now have a $31.00 price target on the stock.
• 10/2/2024 – Interpublic Group of Companies had its price target lowered by analysts at Barclays PLC from $34.00 to $32.50. They now have an “equal weight” rating on the stock.
• 10/1/2024 – Interpublic Group of Companies was downgraded by analysts at JPMorgan Chase & Co. from an “overweight” rating to a “neutral” rating. They now have a $33.00 price target on the stock, down previously from $36.00.
• 9/30/2024 – Interpublic Group of Companies was downgraded by analysts at BNP Paribas from a “neutral” rating to an “underperform” rating.
• 9/12/2024 – Interpublic Group of Companies was downgraded by analysts at UBS Group AG from a “neutral” rating to a “sell” rating. They now have a $29.00 price target on the stock, down previously from $34.00.
• 9/5/2024 – Interpublic Group of Companies had its price target lowered by analysts at Bank of America Co. from $36.00 to $35.00. They now have a “buy” rating on the stock.

Interpublic Group of Companies Stock Performance

NYSE IPG opened at $30.04 on Thursday. The stock’s fifty day moving average is $31.39 and its two-hundred day moving average is $30.75. The firm has a market capitalization of $11.34 billion, a P/E ratio of 10.69, a price-to-earnings-growth ratio of 5.18 and a beta of 1.09. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.06 and a current ratio of 1.07. The Interpublic Group of Companies, Inc. has a fifty-two week low of $27.54 and a fifty-two week high of $35.17.

Interpublic Group of Companies (NYSE:IPG) last released its quarterly earnings data on Tuesday, October 22nd. The business services provider reported $0.70 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.70. The company had revenue of $2.24 billion for the quarter, compared to analyst estimates of $2.30 billion. Interpublic Group of Companies had a return on equity of 27.98% and a net margin of 9.46%. The firm’s revenue for the quarter was down 2.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.70 earnings per share. On average, research analysts anticipate that The Interpublic Group of Companies, Inc. will post 2.83 earnings per share for the current year.

Interpublic Group of Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 3rd were paid a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 4.39%. The ex-dividend date was Tuesday, September 3rd. Interpublic Group of Companies’s dividend payout ratio (DPR) is presently 46.98%.

Hedge Funds Weigh In On Interpublic Group of Companies

Large investors have recently modified their holdings of the business. Benjamin Edwards Inc. lifted its stake in shares of Interpublic Group of Companies by 73.8% in the 2nd quarter. Benjamin Edwards Inc. now owns 883 shares of the business services provider’s stock valued at $26,000 after purchasing an additional 375 shares during the last quarter. Hazlett Burt & Watson Inc. lifted its stake in shares of Interpublic Group of Companies by 652.2% in the 2nd quarter. Hazlett Burt & Watson Inc. now owns 1,038 shares of the business services provider’s stock valued at $30,000 after purchasing an additional 900 shares during the last quarter. International Assets Investment Management LLC acquired a new position in shares of Interpublic Group of Companies in the 2nd quarter valued at $32,000. EverSource Wealth Advisors LLC lifted its stake in shares of Interpublic Group of Companies by 52.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,177 shares of the business services provider’s stock valued at $38,000 after purchasing an additional 405 shares during the last quarter. Finally, Quest Partners LLC acquired a new position in shares of Interpublic Group of Companies in the 2nd quarter valued at $39,000. Institutional investors and hedge funds own 98.43% of the company’s stock.

The Interpublic Group of Companies, Inc provides advertising and marketing services worldwide. It operates in three segments: Media, Data & Engagement Solutions, Integrated Advertising & Creativity Led Solutions, and Specialized Communications & Experiential Solutions. The Media, Data & Engagement Solutions segment provides media and communications services, digital services and products, advertising and marketing technology, e-commerce services, data management and analytics, strategic consulting, and digital brand experience under the IPG Mediabrands, UM, Initiative, Kinesso, Acxiom, Huge, MRM, and R/GA brand names.