StockNews.com Begins Coverage on Interpublic Group of Companies (NYSE:IPG)

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

A number of other brokerages also recently issued reports on IPG. Wells Fargo & Company upgraded shares of Interpublic Group of Companies from an “underweight” rating to an “equal weight” rating and increased their price objective for the stock from $26.00 to $34.00 in a research note on Tuesday, December 10th. JPMorgan Chase & Co. lowered shares of 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 research report on Tuesday, October 1st. BNP Paribas downgraded shares of Interpublic Group of Companies from a “neutral” rating to an “underperform” rating in a research report on Monday, September 30th. Macquarie restated a “neutral” rating and set a $31.00 target price on shares of Interpublic Group of Companies in a research note on Tuesday, October 22nd. Finally, Barclays decreased their price target on Interpublic Group of Companies from $32.50 to $32.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 23rd. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $31.71.

Interpublic Group of Companies Price Performance

NYSE IPG opened at $28.13 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 company has a market cap of $10.48 billion, a price-to-earnings ratio of 13.27 and a beta of 1.11. The company has a 50 day moving average of $29.30 and a 200-day moving average of $30.16. Interpublic Group of Companies has a 1-year low of $26.88 and a 1-year high of $35.17.

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

Hedge Funds Weigh In On Interpublic Group of Companies

A number of institutional investors and hedge funds have recently bought and sold shares of the company. State Street Corp grew its holdings in shares of Interpublic Group of Companies by 15.1% during the third 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. Andra AP fonden grew its holdings in Interpublic Group of Companies by 16.2% during the 2nd quarter. Andra AP fonden now owns 532,100 shares of the business services provider’s stock worth $15,479,000 after acquiring an additional 74,200 shares during the last quarter. Vest Financial LLC increased its position in Interpublic Group of Companies by 39.3% in the 2nd quarter. Vest Financial LLC now owns 789,466 shares of the business services provider’s stock valued at $22,966,000 after acquiring an additional 222,693 shares during the period. International Assets Investment Management LLC raised its stake in shares of Interpublic Group of Companies by 2,679.9% during the third quarter. International Assets Investment Management LLC now owns 30,523 shares of the business services provider’s stock valued at $965,000 after acquiring an additional 29,425 shares during the last quarter. Finally, Integrated Wealth Concepts LLC raised its stake in shares of Interpublic Group of Companies by 240.9% during the third quarter. Integrated Wealth Concepts LLC now owns 28,862 shares of the business services provider’s stock valued at $913,000 after acquiring an additional 20,395 shares during the last quarter. 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.