Interpublic Group of Companies (NYSE:IPG) Upgraded at Barclays

Barclays upgraded shares of Interpublic Group of Companies (NYSE:IPG) from an equal weight rating to an overweight rating in a research report released on Friday, Marketbeat Ratings reports. They currently have $36.00 price target on the business services provider’s stock, up from their prior price target of $32.00.

Other equities research analysts have also issued research reports about the stock. BNP Paribas upgraded shares of Interpublic Group of Companies from an “underperform” rating to an “outperform” rating and set a $38.00 price objective for the company in a report on Friday, January 10th. StockNews.com started coverage on Interpublic Group of Companies in a report on Monday, January 20th. They issued a “hold” rating for the company. JPMorgan Chase & Co. lowered Interpublic Group of Companies from an “overweight” rating to a “neutral” rating and decreased their target price for the company from $36.00 to $33.00 in a research report on Tuesday, October 1st. Macquarie reissued a “neutral” rating and set a $31.00 price target on shares of Interpublic Group of Companies in a research report on Tuesday, October 22nd. Finally, Wells Fargo & Company upgraded Interpublic Group of Companies from an “underweight” rating to an “equal weight” rating and lifted their price objective for the company from $26.00 to $34.00 in a report on Tuesday, December 10th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, Interpublic Group of Companies currently has an average rating of “Hold” and a consensus target price of $33.00.

Interpublic Group of Companies Stock Performance

Shares of NYSE:IPG opened at $28.55 on Friday. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.77. The firm’s 50-day moving average is $28.76 and its 200 day moving average is $30.04. Interpublic Group of Companies has a 12 month low of $26.30 and a 12 month high of $35.17. The company has a market capitalization of $10.63 billion, a price-to-earnings ratio of 13.47 and a beta of 1.11.

Hedge Funds Weigh In On Interpublic Group of Companies

Several hedge funds have recently modified their holdings of IPG. Catalyst Capital Advisors LLC acquired a new position in Interpublic Group of Companies in the third quarter valued at approximately $26,000. Ashton Thomas Securities LLC acquired a new stake in Interpublic Group of Companies during the third quarter valued at $32,000. EverSource Wealth Advisors LLC increased its stake in shares of Interpublic Group of Companies by 52.5% in the 2nd 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 in the last quarter. Brooklyn Investment Group purchased a new position in Interpublic Group of Companies during the third quarter worth approximately $60,000. Finally, Trust Co. of Vermont grew its holdings in Interpublic Group of Companies by 250.0% in the third quarter. Trust Co. of Vermont now owns 2,100 shares of the business services provider’s stock valued at $66,000 after purchasing an additional 1,500 shares during the period. Institutional investors and hedge funds 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.