Interpublic Group of Companies (NYSE:IPG) Now Covered by Analysts at StockNews.com

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

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

Interpublic Group of Companies Stock Performance

NYSE:IPG opened at $28.82 on Wednesday. Interpublic Group of Companies has a twelve month low of $26.30 and a twelve month high of $35.17. 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 company has a 50-day moving average of $28.77 and a 200-day moving average of $30.01. The firm has a market cap of $10.74 billion, a price-to-earnings ratio of 13.59 and a beta of 1.11.

Institutional Investors Weigh In On Interpublic Group of Companies

Several institutional investors and hedge funds have recently made changes to their positions in IPG. State Street Corp raised its holdings in Interpublic Group of Companies by 15.1% during the 3rd quarter. State Street Corp now owns 29,844,859 shares of the business services provider’s stock worth $943,993,000 after purchasing an additional 3,920,975 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in Interpublic Group of Companies by 2.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 12,426,923 shares of the business services provider’s stock worth $393,064,000 after acquiring an additional 270,857 shares during the last quarter. Geode Capital Management LLC boosted its position in Interpublic Group of Companies by 0.9% during the 3rd quarter. Geode Capital Management LLC now owns 9,449,534 shares of the business services provider’s stock worth $298,107,000 after acquiring an additional 81,265 shares during the last quarter. Pacer Advisors Inc. boosted its position in Interpublic Group of Companies by 25,637.0% during the 4th quarter. Pacer Advisors Inc. now owns 7,403,256 shares of the business services provider’s stock worth $207,439,000 after acquiring an additional 7,374,491 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Interpublic Group of Companies by 10.5% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,402,349 shares of the business services provider’s stock valued at $139,246,000 after buying an additional 417,741 shares during the last quarter. Institutional investors and hedge funds 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.