Interpublic Group of Companies (NYSE:IPG) Upgraded at JPMorgan Chase & Co.

Interpublic Group of Companies (NYSE:IPG) was upgraded by stock analysts at JPMorgan Chase & Co. from a “neutral” rating to an “overweight” rating in a research report issued to clients and investors on Monday, MarketBeat.com reports. The brokerage currently has a $39.00 price target on the business services provider’s stock, up from their prior price target of $32.00. JPMorgan Chase & Co.‘s price target suggests a potential upside of 36.61% from the company’s current price.

IPG has been the subject of several other reports. BNP Paribas upgraded Interpublic Group of Companies from an “underperform” rating to an “outperform” rating and set a $38.00 target price for the company in a report on Friday, January 10th. Barclays upgraded shares of Interpublic Group of Companies from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $32.00 to $36.00 in a report on Friday. Macquarie restated a “neutral” rating and set a $31.00 target price on shares of Interpublic Group of Companies in a report on Tuesday, October 22nd. StockNews.com started coverage on Interpublic Group of Companies in a research report on Monday, January 20th. They set a “hold” rating on the stock. Finally, Wells Fargo & Company raised shares of Interpublic Group of Companies from an “underweight” rating to an “equal weight” rating and increased their price target for the company from $26.00 to $34.00 in a research report on Tuesday, December 10th. 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 company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $33.75.

Interpublic Group of Companies Stock Up 1.0 %

Shares of IPG opened at $28.55 on Monday. Interpublic Group of Companies has a 12-month low of $26.30 and a 12-month high of $35.17. The firm has a fifty day moving average price of $28.76 and a 200-day moving average price of $30.04. The firm has a market capitalization of $10.63 billion, a P/E ratio of 13.47 and a beta of 1.11. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.77.

Institutional Investors Weigh In On Interpublic Group of Companies

Several institutional investors and hedge funds have recently made changes to their positions in IPG. Pacer Advisors Inc. raised its stake in Interpublic Group of Companies by 25,637.0% in the 4th quarter. Pacer Advisors Inc. now owns 7,403,256 shares of the business services provider’s stock worth $207,439,000 after acquiring an additional 7,374,491 shares during the last quarter. State Street Corp increased its holdings in shares of Interpublic Group of Companies by 15.1% in the third quarter. State Street Corp now owns 29,844,859 shares of the business services provider’s stock valued at $943,993,000 after purchasing an additional 3,920,975 shares during the period. Millennium Management LLC raised its stake in shares of Interpublic Group of Companies by 571.7% in the second quarter. Millennium Management LLC now owns 1,466,376 shares of the business services provider’s stock worth $42,657,000 after purchasing an additional 1,248,062 shares during the last quarter. SG Americas Securities LLC lifted its holdings in shares of Interpublic Group of Companies by 177.3% during the third quarter. SG Americas Securities LLC now owns 705,703 shares of the business services provider’s stock worth $22,321,000 after purchasing an additional 451,205 shares during the period. Finally, The Manufacturers Life Insurance Company boosted its position in Interpublic Group of Companies by 44.5% in the second quarter. The Manufacturers Life Insurance Company now owns 1,356,021 shares of the business services provider’s stock valued at $39,447,000 after buying an additional 417,766 shares during the last quarter. 98.43% of the stock is currently owned by institutional investors and hedge funds.

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.