Interpublic Group of Companies (IPG) Upgraded at Zacks Investment Research

Zacks Investment Research upgraded shares of Interpublic Group of Companies (NYSE:IPG) from a hold rating to a buy rating in a report published on Wednesday morning. Zacks Investment Research currently has $27.00 price objective on the business services provider’s stock.

According to Zacks, “Interpublic reported solid third-quarter 2018 results, wherein the company’s earnings and revenues surpassed the Zacks Consensus Estimate and improved on a year-over-year basis. The company continues to benefit from higher organic revenue growth. The company's  digital capabilities, diversified business model and geographic reach offer a distinctive competitive advantage. It continues to look for strategic investments and buyouts to expand in high-growth regions and key world markets. Interpublic’s consistent efforts to reward its shareholders are appreciable. Shares of the company have outperformed its industry in the past year. However, the company’s global presence makes it vulnerable to foreign currency fluctuations. Its cash position is affected by seasonality in business.  Client concentration can be a major hindrance to Interpublic’s business. A debt-laden balance sheet is another concern.”

IPG has been the subject of several other research reports. BMO Capital Markets raised their price target on Interpublic Group of Companies from $27.00 to $28.00 and gave the company an outperform rating in a report on Wednesday. Citigroup raised their price target on Interpublic Group of Companies from $27.00 to $28.00 and gave the company a buy rating in a report on Friday, October 19th. ValuEngine downgraded Interpublic Group of Companies from a hold rating to a sell rating in a report on Friday, August 3rd. Pivotal Research cut their price target on Interpublic Group of Companies from $25.00 to $23.00 and set a hold rating for the company in a report on Tuesday, July 3rd. Finally, Morgan Stanley reaffirmed an equal weight rating and set a $24.00 price target on shares of Interpublic Group of Companies in a report on Monday, October 15th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the stock. The company currently has a consensus rating of Hold and an average target price of $25.70.



Interpublic Group of Companies stock traded down $0.46 during mid-day trading on Wednesday, hitting $22.87. 4,415,391 shares of the company’s stock traded hands, compared to its average volume of 7,067,501. Interpublic Group of Companies has a fifty-two week low of $18.30 and a fifty-two week high of $26.01. The company has a market capitalization of $8.78 billion, a price-to-earnings ratio of 16.22, a P/E/G ratio of 2.21 and a beta of 1.17. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.94 and a quick ratio of 0.94.

Interpublic Group of Companies (NYSE:IPG) last announced its quarterly earnings results on Friday, October 19th. The business services provider reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.02. Interpublic Group of Companies had a return on equity of 31.05% and a net margin of 6.62%. The business had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.88 billion. During the same quarter last year, the firm posted $0.31 EPS. The company’s quarterly revenue was up 3.5% on a year-over-year basis. As a group, equities analysts anticipate that Interpublic Group of Companies will post 1.74 earnings per share for the current fiscal year.

In other Interpublic Group of Companies news, CFO Frank Mergenthaler sold 50,000 shares of the stock in a transaction on Tuesday, August 21st. The stock was sold at an average price of $22.46, for a total transaction of $1,123,000.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.49% of the stock is owned by company insiders.

A number of hedge funds have recently bought and sold shares of IPG. Ariel Investments LLC increased its position in shares of Interpublic Group of Companies by 0.4% in the second quarter. Ariel Investments LLC now owns 7,706,271 shares of the business services provider’s stock worth $180,635,000 after purchasing an additional 28,507 shares during the period. Cubist Systematic Strategies LLC increased its position in shares of Interpublic Group of Companies by 237.7% in the second quarter. Cubist Systematic Strategies LLC now owns 53,363 shares of the business services provider’s stock worth $1,251,000 after purchasing an additional 37,563 shares during the period. BNP Paribas Arbitrage SA increased its position in shares of Interpublic Group of Companies by 84.8% in the second quarter. BNP Paribas Arbitrage SA now owns 627,148 shares of the business services provider’s stock worth $14,700,000 after purchasing an additional 287,774 shares during the period. Redpoint Investment Management Pty Ltd increased its position in shares of Interpublic Group of Companies by 104.8% in the second quarter. Redpoint Investment Management Pty Ltd now owns 43,986 shares of the business services provider’s stock worth $1,031,000 after purchasing an additional 22,510 shares during the period. Finally, Sei Investments Co. increased its position in shares of Interpublic Group of Companies by 0.8% in the second quarter. Sei Investments Co. now owns 797,220 shares of the business services provider’s stock worth $18,687,000 after purchasing an additional 6,525 shares during the period. Hedge funds and other institutional investors own 99.90% of the company’s stock.

Interpublic Group of Companies Company Profile

The Interpublic Group of Companies, Inc provides advertising and marketing services worldwide. The company operates through two segments, Integrated Agency Networks and Constituency Management Group. It offers consumer advertising, digital marketing, communications planning and media buying, public relations, and specialized communications disciplines.

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