Interpublic Group of Companies (NYSE:IPG) Stock Price Down 4.3% – Here’s Why

The Interpublic Group of Companies, Inc. (NYSE:IPGGet Free Report) was down 4.3% during trading on Wednesday . The stock traded as low as $27.29 and last traded at $27.55. Approximately 2,883,484 shares traded hands during trading, a decline of 36% from the average daily volume of 4,500,520 shares. The stock had previously closed at $28.80.

Analyst Ratings Changes

IPG has been the subject of a number of recent research reports. BNP Paribas upgraded shares of Interpublic Group of Companies from an “underperform” rating to an “outperform” rating and set a $38.00 price target for the company in a report on Friday, January 10th. StockNews.com began coverage on shares of Interpublic Group of Companies in a report on Wednesday. They issued a “hold” rating on the stock. Wells Fargo & Company upgraded shares of Interpublic Group of Companies from an “underweight” rating to an “equal weight” rating and upped their price target for the stock from $26.00 to $34.00 in a research report on Tuesday, December 10th. JPMorgan Chase & Co. upgraded shares of Interpublic Group of Companies from a “neutral” rating to an “overweight” rating and increased their target price for the company from $32.00 to $39.00 in a research report on Monday, January 27th. Finally, Macquarie reissued a “neutral” rating and issued a $31.00 price target on shares of Interpublic Group of Companies in a report on Tuesday, October 22nd. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $33.75.

Check Out Our Latest Research Report on Interpublic Group of Companies

Interpublic Group of Companies Stock Performance

The stock has a market cap of $10.32 billion, a P/E ratio of 13.07 and a beta of 1.11. The firm’s 50-day moving average is $28.73 and its two-hundred day moving average is $30.01. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.77.

Institutional Investors Weigh In On Interpublic Group of Companies

A number of institutional investors have recently bought and sold shares of IPG. Catalyst Capital Advisors LLC acquired a new stake in shares of Interpublic Group of Companies during the 3rd quarter worth about $26,000. Allworth Financial LP grew its stake in Interpublic Group of Companies by 75.8% during the fourth quarter. Allworth Financial LP now owns 1,113 shares of the business services provider’s stock worth $31,000 after buying an additional 480 shares during the last quarter. Ashton Thomas Securities LLC acquired a new stake in shares of Interpublic Group of Companies during the third quarter worth approximately $32,000. Brooklyn Investment Group bought a new position in shares of Interpublic Group of Companies in the third quarter valued at approximately $60,000. Finally, Trust Co. of Vermont boosted its holdings in shares of Interpublic Group of Companies by 250.0% in the 3rd quarter. Trust Co. of Vermont now owns 2,100 shares of the business services provider’s stock worth $66,000 after acquiring an additional 1,500 shares in the last quarter. Institutional investors and hedge funds own 98.43% of the company’s stock.

About Interpublic Group of Companies

(Get Free Report)

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.

Further Reading

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