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

Research analysts at StockNews.com assumed coverage on shares of Interpublic Group of Companies (NYSE:IPG) in a research note issued to investors on Friday. The brokerage set a “hold” rating on the business services provider’s stock.

A number of other equities research analysts also recently issued reports on IPG. Macquarie restated 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. Bank of America lowered their price target on Interpublic Group of Companies from $36.00 to $35.00 and set a “buy” rating for the company in a research report on Thursday, September 5th. Barclays cut their price objective on shares of Interpublic Group of Companies from $32.50 to $32.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 23rd. UBS Group lowered shares of Interpublic Group of Companies from a “neutral” rating to a “sell” rating and lowered their target price for the stock from $34.00 to $29.00 in a report on Thursday, September 12th. Finally, JPMorgan Chase & Co. downgraded Interpublic Group of Companies from an “overweight” rating to a “neutral” rating and reduced their price target for the stock from $36.00 to $33.00 in a report on Tuesday, October 1st. Three research analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $31.71.

Interpublic Group of Companies Stock Performance

NYSE IPG opened at $28.55 on Friday. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.09 and a quick ratio of 1.09. Interpublic Group of Companies has a 1-year low of $26.88 and a 1-year high of $35.17. The business has a 50 day simple moving average of $29.66 and a two-hundred day simple moving average of $30.25. The stock has a market capitalization of $10.64 billion, a PE ratio of 13.47 and a beta of 1.10.

Interpublic Group of Companies (NYSE:IPG) last posted its earnings results on Tuesday, October 22nd. The business services provider reported $0.70 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.70. Interpublic Group of Companies had a net margin of 7.44% and a return on equity of 27.76%. The firm had revenue of $2.24 billion during the quarter, compared to analyst estimates of $2.30 billion. During the same period last year, the firm posted $0.70 earnings per share. Interpublic Group of Companies’s revenue for the quarter was down 2.9% compared to the same quarter last year. On average, research analysts predict that Interpublic Group of Companies will post 2.81 EPS for the current fiscal year.

Institutional Trading of Interpublic Group of Companies

Institutional investors have recently modified their holdings of the company. Principal Financial Group Inc. raised its stake in Interpublic Group of Companies by 7.4% in the third quarter. Principal Financial Group Inc. now owns 2,277,771 shares of the business services provider’s stock valued at $72,041,000 after buying an additional 157,695 shares during the last quarter. Copley Financial Group Inc. acquired a new position in Interpublic Group of Companies during the 3rd quarter valued at approximately $485,000. Franklin Resources Inc. raised its holdings in shares of Interpublic Group of Companies by 1.7% in the third quarter. Franklin Resources Inc. now owns 295,937 shares of the business services provider’s stock worth $9,322,000 after buying an additional 4,848 shares during the last quarter. Peapack Gladstone Financial Corp grew its holdings in shares of Interpublic Group of Companies by 2.9% during the third quarter. Peapack Gladstone Financial Corp now owns 336,896 shares of the business services provider’s stock valued at $10,657,000 after buying an additional 9,567 shares during the last quarter. Finally, Tidal Investments LLC increased its position in shares of Interpublic Group of Companies by 13.1% in the 3rd quarter. Tidal Investments LLC now owns 139,984 shares of the business services provider’s stock valued at $4,428,000 after acquiring an additional 16,187 shares during the period. 98.43% of the stock is currently owned by institutional investors.

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.