Interpublic Group of Companies (NYSE:IPG) Coverage Initiated at StockNews.com

Stock analysts at StockNews.com began coverage on shares of Interpublic Group of Companies (NYSE:IPG) in a research report issued to clients and investors on Friday. The brokerage set a “hold” rating on the business services provider’s stock.

Several other equities research analysts have also issued reports on IPG. Wells Fargo & Company raised shares of Interpublic Group of Companies from an “underweight” rating to an “equal weight” rating and increased their target price for the stock from $26.00 to $34.00 in a research note on Tuesday, December 10th. UBS Group downgraded Interpublic Group of Companies from a “neutral” rating to a “sell” rating and reduced their target price for the stock from $34.00 to $29.00 in a research note on Thursday, September 12th. Barclays dropped their price target on shares of 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. Bank of America reduced their price objective on shares of Interpublic Group of Companies from $36.00 to $35.00 and set a “buy” rating for the company in a research report on Thursday, September 5th. Finally, BNP Paribas lowered shares of Interpublic Group of Companies from a “neutral” rating to an “underperform” rating in a research report on Monday, September 30th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $31.71.

Interpublic Group of Companies Stock Up 0.7 %

Shares of IPG stock opened at $28.55 on Friday. Interpublic Group of Companies has a twelve month low of $26.88 and a twelve month high of $35.17. The stock has a market cap of $10.64 billion, a P/E ratio of 13.47 and a beta of 1.10. The stock has a 50 day moving average of $29.66 and a 200 day moving average of $30.25. 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 (NYSE:IPG) last posted its earnings results on Tuesday, October 22nd. The business services provider reported $0.70 earnings per share for the quarter, meeting the consensus estimate of $0.70. Interpublic Group of Companies had a net margin of 7.44% and a return on equity of 27.76%. The firm had revenue of $2.24 billion during the quarter, compared to analyst estimates of $2.30 billion. During the same period in the previous year, the firm earned $0.70 EPS. The business’s quarterly revenue was down 2.9% on a year-over-year basis. As a group, sell-side analysts expect that Interpublic Group of Companies will post 2.81 EPS for the current year.

Institutional Investors Weigh In On Interpublic Group of Companies

Hedge funds have recently modified their holdings of the company. Rosenberg Matthew Hamilton increased its holdings in shares of Interpublic Group of Companies by 9.7% during the 3rd quarter. Rosenberg Matthew Hamilton now owns 4,136 shares of the business services provider’s stock worth $131,000 after buying an additional 365 shares during the last quarter. Benjamin Edwards Inc. boosted its stake in Interpublic Group of Companies by 73.8% during the second quarter. Benjamin Edwards Inc. now owns 883 shares of the business services provider’s stock worth $26,000 after buying an additional 375 shares during the period. Farther Finance Advisors LLC increased its position in shares of Interpublic Group of Companies by 2.2% during the second quarter. Farther Finance Advisors LLC now owns 17,584 shares of the business services provider’s stock valued at $494,000 after acquiring an additional 382 shares during the last quarter. Ballentine Partners LLC lifted its stake in Interpublic Group of Companies by 2.9% during the third quarter. Ballentine Partners LLC now owns 14,058 shares of the business services provider’s stock worth $445,000 after purchasing an additional 399 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew its stake in shares of Interpublic Group of Companies by 52.5% in the second quarter. EverSource Wealth Advisors LLC now owns 1,177 shares of the business services provider’s stock valued at $38,000 after buying an additional 405 shares in the last quarter. 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.