Interpublic Group of Companies (NYSE:IPG) Lowered to Neutral at JPMorgan Chase & Co.

Interpublic Group of Companies (NYSE:IPG) was downgraded by equities research analysts at JPMorgan Chase & Co. from an “overweight” rating to a “neutral” rating in a research note issued to investors on Tuesday, Briefing.com reports. They presently have a $33.00 target price on the business services provider’s stock, down from their previous target price of $36.00. JPMorgan Chase & Co.‘s price objective points to a potential upside of 4.33% from the stock’s previous close.

Several other analysts have also commented on the stock. Barclays lowered their price target on shares of Interpublic Group of Companies from $35.00 to $34.00 and set an “equal weight” rating on the stock in a research report on Thursday, July 25th. Bank of America lowered 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. Macquarie lowered their price target on shares of Interpublic Group of Companies from $33.00 to $31.00 and set a “neutral” rating on the stock in a research report on Thursday, July 25th. BNP Paribas lowered shares of Interpublic Group of Companies from a “neutral” rating to an “underperform” rating in a research report on Monday. Finally, Morgan Stanley lowered shares of Interpublic Group of Companies from an “equal weight” rating to an “underweight” rating and lowered their price target for the company from $34.00 to $28.00 in a research report on Monday, July 22nd. Three analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, Interpublic Group of Companies presently has an average rating of “Hold” and an average target price of $32.63.

Interpublic Group of Companies Trading Up 0.0 %

Shares of Interpublic Group of Companies stock opened at $31.63 on Tuesday. Interpublic Group of Companies has a 12-month low of $27.20 and a 12-month high of $35.17. The company has a current ratio of 1.07, a quick ratio of 1.06 and a debt-to-equity ratio of 0.75. The stock has a market cap of $11.94 billion, a PE ratio of 11.26, a price-to-earnings-growth ratio of 5.23 and a beta of 1.10. The company has a 50-day moving average of $31.18 and a two-hundred day moving average of $30.89.

Interpublic Group of Companies (NYSE:IPG) last issued its earnings results on Wednesday, July 24th. The business services provider reported $0.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.59 by $0.02. Interpublic Group of Companies had a net margin of 9.46% and a return on equity of 27.98%. The company had revenue of $2.71 billion during the quarter, compared to analysts’ expectations of $2.33 billion. During the same period last year, the company posted $0.74 earnings per share. The firm’s quarterly revenue was up 1.6% compared to the same quarter last year. On average, research analysts anticipate that Interpublic Group of Companies will post 2.82 EPS for the current fiscal year.

Institutional Trading of Interpublic Group of Companies

Hedge funds have recently bought and sold shares of the company. BNP Paribas Financial Markets boosted its holdings in shares of Interpublic Group of Companies by 15.0% in the 1st quarter. BNP Paribas Financial Markets now owns 989,318 shares of the business services provider’s stock valued at $32,281,000 after purchasing an additional 129,215 shares during the last quarter. Alaska Permanent Fund Corp boosted its holdings in shares of Interpublic Group of Companies by 305.6% in the 1st quarter. Alaska Permanent Fund Corp now owns 54,129 shares of the business services provider’s stock valued at $1,766,000 after purchasing an additional 40,785 shares during the last quarter. Boston Trust Walden Corp boosted its holdings in shares of Interpublic Group of Companies by 3.0% in the 2nd quarter. Boston Trust Walden Corp now owns 1,187,086 shares of the business services provider’s stock valued at $34,532,000 after purchasing an additional 34,965 shares during the last quarter. Tidal Investments LLC boosted its holdings in shares of Interpublic Group of Companies by 68.0% in the 1st quarter. Tidal Investments LLC now owns 121,031 shares of the business services provider’s stock valued at $3,949,000 after purchasing an additional 48,996 shares during the last quarter. Finally, SG Americas Securities LLC boosted its holdings in shares of Interpublic Group of Companies by 176.5% in the 2nd quarter. SG Americas Securities LLC now owns 254,498 shares of the business services provider’s stock valued at $7,403,000 after purchasing an additional 162,468 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.