Interpublic Group of Companies Inc (NYSE:IPG) Given Average Rating of “Hold” by Brokerages

Shares of Interpublic Group of Companies Inc (NYSE:IPG) have been assigned an average recommendation of “Hold” from the ten ratings firms that are currently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month price target among analysts that have covered the stock in the last year is $25.71.

A number of analysts have commented on IPG shares. ValuEngine downgraded shares of Interpublic Group of Companies from a “hold” rating to a “sell” rating in a report on Thursday, August 1st. Bank of America upgraded shares of Interpublic Group of Companies from an “underperform” rating to a “neutral” rating in a report on Wednesday, July 10th. BMO Capital Markets cut their price objective on shares of Interpublic Group of Companies from $28.00 to $27.00 and set an “outperform” rating for the company in a report on Wednesday, July 24th. Finally, Zacks Investment Research downgraded shares of Interpublic Group of Companies from a “buy” rating to a “hold” rating and set a $27.00 price objective for the company. in a report on Wednesday, July 3rd.

In other news, CEO Michael Isor Roth sold 431,594 shares of the firm’s stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $23.08, for a total transaction of $9,961,189.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director H John Greeniaus sold 44,396 shares of the firm’s stock in a transaction that occurred on Tuesday, July 30th. The stock was sold at an average price of $23.02, for a total transaction of $1,021,995.92. The disclosure for this sale can be found here. 1.09% of the stock is currently owned by corporate insiders.



Several hedge funds and other institutional investors have recently made changes to their positions in IPG. Dimensional Fund Advisors LP lifted its position in shares of Interpublic Group of Companies by 1.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,243,313 shares of the business services provider’s stock valued at $66,908,000 after acquiring an additional 41,879 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Interpublic Group of Companies by 8.8% in the fourth quarter. Geode Capital Management LLC now owns 5,912,918 shares of the business services provider’s stock worth $121,825,000 after purchasing an additional 479,075 shares during the last quarter. MorganRosel Wealth Management LLC increased its holdings in shares of Interpublic Group of Companies by 26.9% in the first quarter. MorganRosel Wealth Management LLC now owns 31,095 shares of the business services provider’s stock worth $653,000 after purchasing an additional 6,592 shares during the last quarter. State of Alaska Department of Revenue increased its holdings in shares of Interpublic Group of Companies by 2.6% in the first quarter. State of Alaska Department of Revenue now owns 107,632 shares of the business services provider’s stock worth $2,260,000 after purchasing an additional 2,741 shares during the last quarter. Finally, Reinhart Partners Inc. increased its stake in Interpublic Group of Companies by 1.4% during the first quarter. Reinhart Partners Inc. now owns 1,045,911 shares of the business services provider’s stock worth $21,975,000 after acquiring an additional 14,743 shares during the last quarter. Institutional investors and hedge funds own 98.86% of the company’s stock.

Interpublic Group of Companies stock traded down $0.13 during midday trading on Tuesday, reaching $20.81. The company had a trading volume of 2,352,550 shares, compared to its average volume of 3,961,713. The company has a market capitalization of $8.21 billion, a P/E ratio of 11.19, a P/E/G ratio of 2.39 and a beta of 1.06. Interpublic Group of Companies has a 12-month low of $19.61 and a 12-month high of $25.10. The business has a fifty day moving average of $22.59. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 2.04.

Interpublic Group of Companies (NYSE:IPG) last issued its quarterly earnings results on Tuesday, July 23rd. The business services provider reported $0.46 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.44 by $0.02. The firm had revenue of $2.13 billion for the quarter, compared to analyst estimates of $2.15 billion. Interpublic Group of Companies had a net margin of 6.46% and a return on equity of 32.03%. Interpublic Group of Companies’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same period last year, the company posted $0.43 EPS. On average, research analysts forecast that Interpublic Group of Companies will post 1.89 earnings per share for the current fiscal year.

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

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