Interpublic Group of Companies (NYSE:IPG) Earns Hold Rating from Analysts at StockNews.com

StockNews.com began coverage on shares of Interpublic Group of Companies (NYSE:IPG) in a research note published on Wednesday. The firm issued a hold rating on the business services provider’s stock.

Several other brokerages have also issued reports on IPG. JPMorgan Chase & Co. upgraded shares of Interpublic Group of Companies from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $32.00 to $39.00 in a research report on Monday, January 27th. Macquarie reiterated a “neutral” rating and set a $31.00 price objective on shares of Interpublic Group of Companies in a research report on Tuesday, October 22nd. Barclays upgraded Interpublic Group of Companies from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $32.00 to $36.00 in a research report on Friday, January 24th. BNP Paribas raised Interpublic Group of Companies from an “underperform” rating to an “outperform” rating and set a $38.00 target price for the company in a research note on Friday, January 10th. Finally, Wells Fargo & Company raised shares of Interpublic Group of Companies from an “underweight” rating to an “equal weight” rating and lifted their price target for the stock from $26.00 to $34.00 in a research note on Tuesday, December 10th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $33.75.

Interpublic Group of Companies Trading Down 0.9 %

Shares of IPG opened at $27.48 on Wednesday. Interpublic Group of Companies has a twelve month low of $26.30 and a twelve month high of $35.17. The stock has a market cap of $10.24 billion, a PE ratio of 12.96 and a beta of 1.11. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.77. The business’s 50-day moving average price is $28.63 and its 200-day moving average price is $29.98.

Institutional Investors Weigh In On Interpublic Group of Companies

A number of large investors have recently added to or reduced their stakes in the company. Rosenberg Matthew Hamilton grew its stake in shares of Interpublic Group of Companies by 9.7% in the third quarter. Rosenberg Matthew Hamilton now owns 4,136 shares of the business services provider’s stock worth $131,000 after purchasing an additional 365 shares during the last quarter. Ballentine Partners LLC lifted its holdings in Interpublic Group of Companies by 2.9% in the 3rd quarter. Ballentine Partners LLC now owns 14,058 shares of the business services provider’s stock worth $445,000 after buying an additional 399 shares during the period. Empirical Finance LLC grew its position in shares of Interpublic Group of Companies by 1.3% in the 3rd quarter. Empirical Finance LLC now owns 32,609 shares of the business services provider’s stock worth $1,031,000 after buying an additional 409 shares during the last quarter. West Oak Capital LLC increased its stake in shares of Interpublic Group of Companies by 0.8% during the fourth quarter. West Oak Capital LLC now owns 55,595 shares of the business services provider’s stock valued at $1,558,000 after buying an additional 435 shares during the period. Finally, Vontobel Holding Ltd. raised its holdings in shares of Interpublic Group of Companies by 0.4% during the third quarter. Vontobel Holding Ltd. now owns 122,533 shares of the business services provider’s stock valued at $3,876,000 after acquiring an additional 457 shares in the last quarter. Institutional investors own 98.43% of the company’s stock.

About Interpublic Group of Companies

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.