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

StockNews.com initiated coverage on shares of Interpublic Group of Companies (NYSE:IPG) in a report issued on Tuesday morning. The brokerage issued a hold rating on the business services provider’s stock.

Several other equities research analysts have also commented on the company. BNP Paribas upgraded Interpublic Group of Companies from an “underperform” rating to an “outperform” rating and set a $38.00 price objective for the company in a research note on Friday, January 10th. Wells Fargo & Company raised Interpublic Group of Companies from an “underweight” rating to an “equal weight” rating and upped their price target for the company from $26.00 to $34.00 in a research note on Tuesday, December 10th. JPMorgan Chase & Co. raised Interpublic Group of Companies from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $32.00 to $39.00 in a research report on Monday. Barclays raised shares of Interpublic Group of Companies from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $32.00 to $36.00 in a research note on Friday, January 24th. Finally, Macquarie restated a “neutral” rating and set a $31.00 price target on shares of Interpublic Group of Companies in a report on Tuesday, October 22nd. Two research analysts have rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, Interpublic Group of Companies currently has an average rating of “Hold” and a consensus target price of $33.75.

Interpublic Group of Companies Stock Performance

Shares of IPG opened at $28.72 on Tuesday. The stock has a 50-day moving average of $28.83 and a two-hundred day moving average of $30.04. The stock has a market cap of $10.70 billion, a P/E ratio of 13.54 and a beta of 1.11. Interpublic Group of Companies has a one year low of $26.30 and a one year high of $35.17. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.09 and a current ratio of 1.09.

Institutional Investors Weigh In On Interpublic Group of Companies

A number of institutional investors have recently modified their holdings of the stock. State Street Corp raised its stake in shares of Interpublic Group of Companies by 15.1% in the 3rd quarter. State Street Corp now owns 29,844,859 shares of the business services provider’s stock valued at $943,993,000 after acquiring an additional 3,920,975 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in Interpublic Group of Companies by 2.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 12,426,923 shares of the business services provider’s stock valued at $393,064,000 after acquiring an additional 270,857 shares during the period. Geode Capital Management LLC raised its stake in shares of Interpublic Group of Companies by 0.9% in the 3rd quarter. Geode Capital Management LLC now owns 9,449,534 shares of the business services provider’s stock valued at $298,107,000 after buying an additional 81,265 shares in the last quarter. Pacer Advisors Inc. lifted its position in shares of Interpublic Group of Companies by 25,637.0% during the 4th quarter. Pacer Advisors Inc. now owns 7,403,256 shares of the business services provider’s stock worth $207,439,000 after buying an additional 7,374,491 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Interpublic Group of Companies by 10.5% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,402,349 shares of the business services provider’s stock worth $139,246,000 after purchasing an additional 417,741 shares in 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.