The Interpublic Group of Companies, Inc. (NYSE:IPG) Receives $32.44 Average Price Target from Analysts

The Interpublic Group of Companies, Inc. (NYSE:IPG) has been assigned a consensus recommendation of “Reduce” from the nine research firms that are covering the firm, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and two have given a buy recommendation to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $32.44.

A number of research analysts have issued reports on the stock. Barclays decreased their price target on shares of Interpublic Group of Companies from $34.00 to $32.50 and set an “equal weight” rating for the company in a report on Wednesday, October 2nd. JPMorgan Chase & Co. cut shares of Interpublic Group of Companies from an “overweight” rating to a “neutral” rating and decreased their price target for the stock from $36.00 to $33.00 in a report on Tuesday, October 1st. Morgan Stanley cut shares of Interpublic Group of Companies from an “equal weight” rating to an “underweight” rating and reduced their target price for the stock from $34.00 to $28.00 in a report on Monday, July 22nd. BNP Paribas cut shares of Interpublic Group of Companies from a “neutral” rating to an “underperform” rating in a report on Monday, September 30th. Finally, UBS Group cut shares of Interpublic Group of Companies from a “neutral” rating to a “sell” rating and reduced their target price for the stock from $34.00 to $29.00 in a report on Thursday, September 12th.

Institutional Trading of Interpublic Group of Companies

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Benjamin Edwards Inc. grew its position in shares of Interpublic Group of Companies by 73.8% in the second 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 period. Hazlett Burt & Watson Inc. grew its position in shares of Interpublic Group of Companies by 652.2% in the second 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 period. International Assets Investment Management LLC acquired a new stake in shares of Interpublic Group of Companies in the second quarter valued at about $32,000. EverSource Wealth Advisors LLC grew its position in shares of Interpublic Group of Companies by 52.5% in the second 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 period. Finally, Quest Partners LLC acquired a new stake in shares of Interpublic Group of Companies in the second quarter valued at about $39,000. Institutional investors and hedge funds own 98.43% of the company’s stock.

Interpublic Group of Companies Trading Down 0.1 %

NYSE IPG opened at $32.03 on Friday. The company has a fifty day simple moving average of $31.39 and a two-hundred day simple moving average of $30.77. The stock has a market cap of $12.09 billion, a P/E ratio of 11.40, a P/E/G ratio of 5.18 and a beta of 1.09. Interpublic Group of Companies has a 12-month low of $27.20 and a 12-month high of $35.17. The company has a current ratio of 1.07, a quick ratio of 1.06 and a debt-to-equity ratio of 0.75.

Interpublic Group of Companies (NYSE:IPG) last posted its quarterly earnings results on Wednesday, July 24th. The business services provider reported $0.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.59 by $0.02. The business had revenue of $2.71 billion during the quarter, compared to analysts’ expectations of $2.33 billion. Interpublic Group of Companies had a net margin of 9.46% and a return on equity of 27.98%. The business’s quarterly revenue was up 1.6% on a year-over-year basis. During the same quarter last year, the company posted $0.74 earnings per share. On average, analysts forecast that Interpublic Group of Companies will post 2.83 earnings per share for the current year.

Interpublic Group of Companies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 17th. Investors of record on Tuesday, September 3rd were given a dividend of $0.33 per share. The ex-dividend date was Tuesday, September 3rd. This represents a $1.32 annualized dividend and a yield of 4.12%. Interpublic Group of Companies’s dividend payout ratio is presently 46.98%.

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.