Brokerages Set Interpublic Group of Companies, Inc. (The) (NYSE:IPG) Price Target at $32.27

Interpublic Group of Companies, Inc. (The) (NYSE:IPG) has received an average rating of “Hold” from the nine brokerages that are covering the company, MarketBeat Ratings reports. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $32.2667.

IPG has been the topic of a number of research analyst reports. Weiss Ratings restated a “hold (c)” rating on shares of Interpublic Group of Companies in a research note on Wednesday, October 8th. JPMorgan Chase & Co. cut their target price on Interpublic Group of Companies from $35.00 to $33.00 and set an “overweight” rating on the stock in a research note on Thursday, July 10th. UBS Group cut their target price on Interpublic Group of Companies from $27.00 to $25.60 and set a “neutral” rating on the stock in a research note on Wednesday, July 23rd. Barclays boosted their target price on Interpublic Group of Companies from $27.50 to $28.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 7th. Finally, Zacks Research downgraded Interpublic Group of Companies from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 13th.

Interpublic Group of Companies Price Performance

Shares of NYSE IPG opened at $25.70 on Tuesday. Interpublic Group of Companies has a twelve month low of $22.51 and a twelve month high of $33.05. The stock’s 50 day moving average price is $26.61 and its 200-day moving average price is $25.34. The company has a market capitalization of $9.41 billion, a PE ratio of 21.78 and a beta of 1.09. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.78.

Hedge Funds Weigh In On Interpublic Group of Companies

Institutional investors have recently bought and sold shares of the company. Teacher Retirement System of Texas purchased a new position in Interpublic Group of Companies in the first quarter valued at approximately $1,480,000. Sound Income Strategies LLC lifted its stake in Interpublic Group of Companies by 5.6% in the second quarter. Sound Income Strategies LLC now owns 457,333 shares of the business services provider’s stock valued at $11,196,000 after purchasing an additional 24,258 shares during the last quarter. Shell Asset Management Co. lifted its stake in Interpublic Group of Companies by 42.1% in the second quarter. Shell Asset Management Co. now owns 63,315 shares of the business services provider’s stock valued at $1,550,000 after purchasing an additional 18,759 shares during the last quarter. Asset Management One Co. Ltd. lifted its position in shares of Interpublic Group of Companies by 2.4% during the first quarter. Asset Management One Co. Ltd. now owns 153,830 shares of the business services provider’s stock worth $4,178,000 after acquiring an additional 3,547 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its position in shares of Interpublic Group of Companies by 49.0% during the first quarter. Goldman Sachs Group Inc. now owns 8,510,242 shares of the business services provider’s stock worth $231,138,000 after acquiring an additional 2,797,490 shares in the last quarter. Hedge funds and other institutional investors own 98.43% of the company’s stock.

Interpublic Group of Companies Company Profile

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.