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 note issued to investors on Monday. The firm set a “hold” rating on the business services provider’s stock.

Several other analysts have also recently weighed in on the company. Wells Fargo & Company raised Interpublic Group of Companies from an “underweight” rating to an “equal weight” rating and raised their price target for the company from $26.00 to $34.00 in a report on Tuesday, December 10th. Barclays cut their price target on shares of Interpublic Group of Companies from $32.50 to $32.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 23rd. Macquarie restated a “neutral” rating and set a $31.00 price objective on shares of Interpublic Group of Companies in a research report on Tuesday, October 22nd. BNP Paribas raised Interpublic Group of Companies from an “underperform” rating to an “outperform” rating and set a $38.00 target price on the stock in a research note on Friday, January 10th. Finally, JPMorgan Chase & Co. cut shares of Interpublic Group of Companies from an “overweight” rating to a “neutral” rating and reduced their price target for the company from $36.00 to $33.00 in a research report on Tuesday, October 1st. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, Interpublic Group of Companies has a consensus rating of “Hold” and an average target price of $32.50.

Interpublic Group of Companies Trading Up 1.4 %

NYSE:IPG opened at $28.22 on Monday. Interpublic Group of Companies has a 1 year low of $26.30 and a 1 year high of $35.17. The stock’s fifty day moving average price is $28.79 and its two-hundred day moving average price is $30.05. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.09 and a quick ratio of 1.09. The company has a market cap of $10.51 billion, a P/E ratio of 13.31 and a beta of 1.11.

Interpublic Group of Companies (NYSE:IPG) last issued its quarterly earnings data on Tuesday, October 22nd. The business services provider reported $0.70 EPS for the quarter, meeting the consensus estimate of $0.70. The company had revenue of $2.24 billion during the quarter, compared to analysts’ expectations of $2.30 billion. Interpublic Group of Companies had a net margin of 7.44% and a return on equity of 27.76%. Interpublic Group of Companies’s revenue for the quarter was down 2.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.70 earnings per share. As a group, 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

Institutional investors and hedge funds have recently modified their holdings of the stock. Amalgamated Bank lifted its holdings in Interpublic Group of Companies by 47.8% in the second quarter. Amalgamated Bank now owns 117,726 shares of the business services provider’s stock worth $3,425,000 after buying an additional 38,079 shares during the period. Benjamin Edwards Inc. boosted its position in shares of 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 valued at $26,000 after purchasing an additional 375 shares in the last quarter. Pacer Advisors Inc. grew its stake in Interpublic Group of Companies by 4.5% in the second quarter. Pacer Advisors Inc. now owns 27,319 shares of the business services provider’s stock worth $795,000 after purchasing an additional 1,188 shares during the period. Ameritas Investment Partners Inc. raised its holdings in Interpublic Group of Companies by 4.4% in the second quarter. Ameritas Investment Partners Inc. now owns 66,764 shares of the business services provider’s stock worth $1,942,000 after purchasing an additional 2,843 shares in the last quarter. Finally, Ensign Peak Advisors Inc raised its holdings in Interpublic Group of Companies by 4.0% in the second quarter. Ensign Peak Advisors Inc now owns 167,945 shares of the business services provider’s stock worth $4,886,000 after purchasing an additional 6,425 shares in the last quarter. 98.43% of the stock is owned by hedge funds and other institutional investors.

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.