Interpublic Group of Companies (NYSE:IPG) Rating Lowered to Sell at StockNews.com

Interpublic Group of Companies (NYSE:IPG) was downgraded by StockNews.com from a “hold” rating to a “sell” rating in a research note issued on Wednesday.

A number of other equities research analysts have also recently commented on IPG. Morgan Stanley cut Interpublic Group of Companies from an “equal weight” rating to an “underweight” rating and reduced their price objective for the company from $34.00 to $28.00 in a research note on Monday, July 22nd. Bank of America dropped their target price on Interpublic Group of Companies from $36.00 to $35.00 and set a “buy” rating on the stock in a report on Thursday, September 5th. Barclays dropped their target price on Interpublic Group of Companies from $32.50 to $32.00 and set an “equal weight” rating on the stock in a report on Wednesday. Macquarie restated a “neutral” rating and issued a $31.00 target price on shares of Interpublic Group of Companies in a report on Tuesday. Finally, Wells Fargo & Company restated an “underweight” rating and issued a $26.00 target price (down previously from $28.00) on shares of Interpublic Group of Companies in a report on Tuesday. Five analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $30.57.

Interpublic Group of Companies Trading Down 0.5 %

Shares of Interpublic Group of Companies stock opened at $29.89 on Wednesday. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.06 and a current ratio of 1.07. Interpublic Group of Companies has a 52 week low of $27.54 and a 52 week high of $35.17. The stock has a 50 day moving average price of $31.36 and a two-hundred day moving average price of $30.74. The stock has a market capitalization of $11.28 billion, a PE ratio of 10.64, a price-to-earnings-growth ratio of 5.18 and a beta of 1.09.

Interpublic Group of Companies (NYSE:IPG) last announced its quarterly earnings data on Tuesday, October 22nd. The business services provider reported $0.70 EPS for the quarter, meeting analysts’ consensus estimates of $0.70. Interpublic Group of Companies had a return on equity of 27.98% and a net margin of 9.46%. The firm had revenue of $2.24 billion during the quarter, compared to analysts’ expectations of $2.30 billion. During the same quarter last year, the firm posted $0.70 earnings per share. The company’s revenue for the quarter was down 2.9% compared to the same quarter last year. As a group, equities analysts anticipate that Interpublic Group of Companies will post 2.83 earnings per share for the current fiscal year.

Institutional Trading of Interpublic Group of Companies

A number of hedge funds have recently bought and sold shares of the business. Legacy Wealth Asset Management LLC lifted its holdings in Interpublic Group of Companies by 3.3% during the first quarter. Legacy Wealth Asset Management LLC now owns 10,923 shares of the business services provider’s stock worth $356,000 after acquiring an additional 347 shares during the period. Richardson Financial Services Inc. increased its position in Interpublic Group of Companies by 8.4% in the first quarter. Richardson Financial Services Inc. now owns 4,530 shares of the business services provider’s stock worth $148,000 after buying an additional 350 shares during the last quarter. Benjamin Edwards Inc. increased its position in 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 worth $26,000 after buying an additional 375 shares during the last quarter. Farther Finance Advisors LLC increased its position in Interpublic Group of Companies by 2.2% in the second quarter. Farther Finance Advisors LLC now owns 17,584 shares of the business services provider’s stock worth $494,000 after buying an additional 382 shares during the last quarter. Finally, Signet Financial Management LLC increased its position in Interpublic Group of Companies by 2.0% in the first quarter. Signet Financial Management LLC now owns 20,550 shares of the business services provider’s stock worth $671,000 after buying an additional 395 shares during the last quarter. 98.43% of the stock is currently owned by institutional investors.

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.