Analysts Set The Interpublic Group of Companies, Inc. (NYSE:IPG) PT at $30.57

The Interpublic Group of Companies, Inc. (NYSE:IPG) has earned an average recommendation of “Reduce” from the eight analysts that are currently covering the stock, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a sell recommendation, three have given a hold recommendation and one has given a buy recommendation to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $30.57.

A number of brokerages have commented on IPG. Bank of America cut their price target on shares of Interpublic Group of Companies from $36.00 to $35.00 and set a “buy” rating on the stock in a research report on Thursday, September 5th. Morgan Stanley cut Interpublic Group of Companies from an “equal weight” rating to an “underweight” rating and decreased their target price for the stock from $34.00 to $28.00 in a research note on Monday, July 22nd. UBS Group lowered Interpublic Group of Companies from a “neutral” rating to a “sell” rating and dropped their price target for the company from $34.00 to $29.00 in a research note on Thursday, September 12th. JPMorgan Chase & Co. downgraded shares of Interpublic Group of Companies from an “overweight” rating to a “neutral” rating and reduced their price objective for the stock from $36.00 to $33.00 in a research report on Tuesday, October 1st. Finally, Wells Fargo & Company reiterated an “underweight” rating and set a $26.00 target price (down previously from $28.00) on shares of Interpublic Group of Companies in a research report on Tuesday, October 22nd.

Interpublic Group of Companies Stock Performance

Shares of IPG stock opened at $29.20 on Tuesday. The stock has a market capitalization of $10.88 billion, a PE ratio of 13.82 and a beta of 1.10. The business’s 50 day simple moving average is $30.74 and its 200 day simple moving average is $30.63. 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 one year low of $28.00 and a one year high of $35.17.

Interpublic Group of Companies (NYSE:IPG) last posted 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 net margin of 7.44% and a return on equity of 27.76%. The company had revenue of $2.24 billion for the quarter, compared to analyst estimates of $2.30 billion. During the same period in the prior year, the firm posted $0.70 EPS. The company’s quarterly revenue was down 2.9% on a year-over-year basis. As a group, research analysts forecast that Interpublic Group of Companies will post 2.81 earnings per share for the current year.

Interpublic Group of Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be issued a dividend of $0.33 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $1.32 annualized dividend and a yield of 4.52%. Interpublic Group of Companies’s dividend payout ratio (DPR) is currently 62.26%.

Hedge Funds Weigh In On Interpublic Group of Companies

Several large investors have recently bought and sold shares of the stock. Benjamin Edwards Inc. raised its holdings 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 last quarter. Catalyst Capital Advisors LLC purchased a new stake in Interpublic Group of Companies in the 3rd quarter valued at about $26,000. Hazlett Burt & Watson Inc. increased its stake in Interpublic Group of Companies by 652.2% in the 2nd quarter. Hazlett Burt & Watson Inc. now owns 1,038 shares of the business services provider’s stock valued at $30,000 after buying an additional 900 shares during the last quarter. International Assets Investment Management LLC purchased a new position in shares of Interpublic Group of Companies in the 2nd quarter worth approximately $32,000. Finally, Ashton Thomas Securities LLC purchased a new position in shares of Interpublic Group of Companies in the 3rd quarter worth approximately $32,000. 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.