Brokerages Set The Interpublic Group of Companies, Inc. (NYSE:IPG) Target Price at $30.57

Shares of The Interpublic Group of Companies, Inc. (NYSE:IPGGet Free Report) have been assigned an average recommendation of “Reduce” from the eight research firms that are presently covering the stock, MarketBeat Ratings reports. Four investment analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating on the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $30.57.

Several research firms have recently weighed in on IPG. Wells Fargo & Company reaffirmed an “underweight” rating and set a $26.00 price target (down previously from $28.00) on shares of Interpublic Group of Companies in a research note on Tuesday, October 22nd. Bank of America reduced their target price on shares of Interpublic Group of Companies from $36.00 to $35.00 and set a “buy” rating for the company in a report on Thursday, September 5th. JPMorgan Chase & Co. cut shares of Interpublic Group of Companies from an “overweight” rating to a “neutral” rating and decreased their target price for the company from $36.00 to $33.00 in a research report on Tuesday, October 1st. UBS Group lowered Interpublic Group of Companies from a “neutral” rating to a “sell” rating and decreased their price objective for the company from $34.00 to $29.00 in a report on Thursday, September 12th. Finally, StockNews.com upgraded Interpublic Group of Companies from a “sell” rating to a “hold” rating in a research note on Saturday, November 9th.

View Our Latest Report on IPG

Interpublic Group of Companies Stock Performance

Shares of NYSE:IPG opened at $30.29 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. Interpublic Group of Companies has a 12 month low of $26.88 and a 12 month high of $35.17. The company has a market capitalization of $11.28 billion, a price-to-earnings ratio of 14.29 and a beta of 1.10. The firm’s 50-day moving average is $30.12 and its 200 day moving average is $30.40.

Interpublic Group of Companies (NYSE:IPGGet Free Report) last posted its quarterly earnings data on Tuesday, October 22nd. The business services provider reported $0.70 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.70. The company 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%. Interpublic Group of Companies’s revenue was down 2.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.70 EPS. Research analysts predict that Interpublic Group of Companies will post 2.82 EPS for the current year.

Interpublic Group of Companies Dividend Announcement

The firm 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 $0.33 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $1.32 annualized dividend and a yield of 4.36%. Interpublic Group of Companies’s dividend payout ratio (DPR) is presently 62.26%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in IPG. State Street Corp grew its position in 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 valued at $943,993,000 after buying an additional 3,920,975 shares during the period. Millennium Management LLC lifted its position in shares of Interpublic Group of Companies by 571.7% during the 2nd quarter. Millennium Management LLC now owns 1,466,376 shares of the business services provider’s stock valued at $42,657,000 after buying an additional 1,248,062 shares in the last quarter. Canada Pension Plan Investment Board grew its stake in Interpublic Group of Companies by 19.8% in the 2nd quarter. Canada Pension Plan Investment Board now owns 5,436,803 shares of the business services provider’s stock valued at $158,157,000 after acquiring an additional 899,332 shares during the period. Dimensional Fund Advisors LP increased its holdings in Interpublic Group of Companies by 13.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 6,842,846 shares of the business services provider’s stock worth $199,063,000 after acquiring an additional 828,150 shares in the last quarter. Finally, Squarepoint Ops LLC raised its position in Interpublic Group of Companies by 168.3% during the second quarter. Squarepoint Ops LLC now owns 831,434 shares of the business services provider’s stock worth $24,186,000 after acquiring an additional 521,546 shares during the period. Hedge funds and other institutional investors own 98.43% of the company’s stock.

About Interpublic Group of Companies

(Get Free Report

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.

Further Reading

Analyst Recommendations for Interpublic Group of Companies (NYSE:IPG)

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