The Interpublic Group of Companies, Inc. (NYSE:IPG) Given Consensus Rating of “Buy” by Analysts

The Interpublic Group of Companies, Inc. (NYSE:IPG) has been assigned an average recommendation of “Buy” from the fourteen ratings firms that are presently covering the firm, MarketBeat.com reports. Five research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $35.08.

A number of brokerages recently commented on IPG. Wells Fargo & Company upped their price target on shares of The Interpublic Group of Companies from $36.00 to $40.00 and gave the company an “equal weight” rating in a research note on Thursday, July 22nd. Morgan Stanley upped their price target on shares of The Interpublic Group of Companies from $33.00 to $36.00 and gave the company an “equal weight” rating in a research note on Thursday, July 22nd. Zacks Investment Research cut shares of The Interpublic Group of Companies from a “buy” rating to a “hold” rating and set a $38.00 price target on the stock. in a research note on Tuesday, September 21st. JP Morgan Cazenove upped their price target on shares of The Interpublic Group of Companies from $38.00 to $43.00 and gave the company an “overweight” rating in a research note on Tuesday, October 5th. Finally, JPMorgan Chase & Co. upped their price target on shares of The Interpublic Group of Companies from $38.00 to $43.00 and gave the company an “overweight” rating in a research note on Tuesday, October 5th.

In other news, Chairman Michael Isor Roth sold 200,000 shares of the stock in a transaction on Wednesday, July 28th. The shares were sold at an average price of $35.27, for a total value of $7,054,000.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.75% of the stock is owned by corporate insiders.

Several large investors have recently modified their holdings of IPG. TrimTabs Asset Management LLC bought a new position in shares of The Interpublic Group of Companies during the 2nd quarter valued at $1,003,000. WBI Investments Inc. grew its holdings in shares of The Interpublic Group of Companies by 16.5% during the 2nd quarter. WBI Investments Inc. now owns 89,312 shares of the business services provider’s stock valued at $2,902,000 after purchasing an additional 12,674 shares during the last quarter. Vident Investment Advisory LLC grew its holdings in shares of The Interpublic Group of Companies by 24.8% during the 1st quarter. Vident Investment Advisory LLC now owns 101,879 shares of the business services provider’s stock valued at $2,975,000 after purchasing an additional 20,246 shares during the last quarter. Andra AP fonden grew its holdings in shares of The Interpublic Group of Companies by 5.7% during the 1st quarter. Andra AP fonden now owns 501,900 shares of the business services provider’s stock valued at $14,655,000 after purchasing an additional 27,200 shares during the last quarter. Finally, Captrust Financial Advisors grew its holdings in shares of The Interpublic Group of Companies by 3.9% during the 1st quarter. Captrust Financial Advisors now owns 1,558,711 shares of the business services provider’s stock valued at $45,514,000 after purchasing an additional 58,558 shares during the last quarter.

IPG stock traded up $1.35 during trading on Thursday, reaching $38.18. The stock had a trading volume of 106,254 shares, compared to its average volume of 3,868,018. The Interpublic Group of Companies has a one year low of $17.43 and a one year high of $39.35. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.93. The company’s 50 day moving average is $37.15 and its two-hundred day moving average is $34.00. The company has a market capitalization of $15.03 billion, a price-to-earnings ratio of 20.17, a P/E/G ratio of 1.29 and a beta of 1.06.

The Interpublic Group of Companies (NYSE:IPG) last released its earnings results on Tuesday, July 20th. The business services provider reported $0.70 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.42 by $0.28. The firm had revenue of $2.27 billion for the quarter, compared to analysts’ expectations of $2.06 billion. The Interpublic Group of Companies had a net margin of 7.91% and a return on equity of 34.27%. The company’s quarterly revenue was up 22.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.23 earnings per share. As a group, research analysts predict that The Interpublic Group of Companies will post 2.43 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 15th. Stockholders of record on Wednesday, September 1st were issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.83%. The ex-dividend date was Tuesday, August 31st. The Interpublic Group of Companies’s payout ratio is 62.43%.

The Interpublic Group of Companies Company Profile

Interpublic Group of Cos., Inc engages in the provision of advertising and marketing services. The firm specializes in consumer advertising, digital marketing, communications planning and media buying, public relations and specialized communications disciplines. It operates through the following segments: Integrated Agency Network (IAN) and Constituency Management Group (CMG).

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

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