The Interpublic Group of Companies, Inc. (NYSE:IPG) Receives $33.00 Average Target Price from Analysts

Shares of The Interpublic Group of Companies, Inc. (NYSE:IPG) have earned an average rating of “Hold” from the eight brokerages that are presently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $33.75.

Several equities analysts have recently weighed in on the stock. StockNews.com initiated coverage on shares of Interpublic Group of Companies in a research note on Tuesday. They issued a “hold” rating on the stock. JPMorgan Chase & Co. upgraded shares of Interpublic Group of Companies from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $32.00 to $39.00 in a research report on Monday. 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 research report on Friday, January 10th. Wells Fargo & Company upgraded shares of Interpublic Group of Companies from an “underweight” rating to an “equal weight” rating and lifted their price target for the company from $26.00 to $34.00 in a research report on Tuesday, December 10th. Finally, Macquarie reissued a “neutral” rating and issued a $31.00 price objective on shares of Interpublic Group of Companies in a research note on Tuesday, October 22nd.

Interpublic Group of Companies Stock Performance

NYSE:IPG opened at $28.86 on Friday. The company’s 50-day moving average price is $28.80 and its 200-day moving average price is $30.05. 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 $10.75 billion, a P/E ratio of 13.61 and a beta of 1.11. Interpublic Group of Companies has a twelve month low of $26.30 and a twelve month high of $35.17.

Institutional Trading of Interpublic Group of Companies

Institutional investors have recently modified their holdings of the stock. Catalyst Capital Advisors LLC acquired a new position in shares of Interpublic Group of Companies in the 3rd quarter valued at $26,000. Ashton Thomas Securities LLC acquired a new position in shares of Interpublic Group of Companies in the 3rd quarter valued at $32,000. EverSource Wealth Advisors LLC increased its holdings 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 acquiring an additional 405 shares during the period. Brooklyn Investment Group acquired a new position in Interpublic Group of Companies in the 3rd quarter valued at $60,000. Finally, Trust Co. of Vermont increased its stake in Interpublic Group of Companies by 250.0% in the 3rd quarter. Trust Co. of Vermont now owns 2,100 shares of the business services provider’s stock valued at $66,000 after buying an additional 1,500 shares during the period. Hedge funds and other institutional investors 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.