Interpublic Group of Companies, Inc. (The) (IPG) Receives Average Recommendation of “Buy” from Analysts

Shares of Interpublic Group of Companies, Inc. (The) (NYSE:IPG) have been given an average rating of “Buy” by the sixteen research firms that are presently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have given a buy rating to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $27.00.

IPG has been the topic of a number of analyst reports. Evercore ISI started coverage on Interpublic Group of Companies, Inc. (The) in a research note on Monday, April 17th. They issued an “outperform” rating and a $28.00 price target on the stock. Zacks Investment Research raised Interpublic Group of Companies, Inc. (The) from a “hold” rating to a “buy” rating and set a $27.00 target price on the stock in a research note on Monday, April 17th. BidaskClub raised Interpublic Group of Companies, Inc. (The) from a “hold” rating to a “buy” rating in a research note on Thursday, June 29th. Wells Fargo & Company reaffirmed a “buy” rating on shares of Interpublic Group of Companies, Inc. (The) in a research note on Wednesday, April 12th. Finally, Wedbush reaffirmed an “outperform” rating and issued a $29.00 price target on shares of Interpublic Group of Companies, Inc. (The) in a research note on Thursday, April 13th.

Interpublic Group of Companies, Inc. (NYSE:IPG) traded up 0.81% during midday trading on Monday, reaching $24.89. 2,252,790 shares of the company traded hands. The firm has a 50-day moving average price of $24.47 and a 200-day moving average price of $24.17. The firm has a market capitalization of $9.83 billion, a price-to-earnings ratio of 16.18 and a beta of 1.56. Interpublic Group of Companies, Inc. has a one year low of $21.67 and a one year high of $25.37.

Interpublic Group of Companies, Inc. (The) (NYSE:IPG) last issued its quarterly earnings results on Friday, April 21st. The business services provider reported $0.05 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.03 by $0.02. The firm had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.76 billion. Interpublic Group of Companies, Inc. (The) had a return on equity of 29.00% and a net margin of 7.95%. The business’s revenue for the quarter was up .7% on a year-over-year basis. Equities analysts predict that Interpublic Group of Companies, Inc. will post $1.48 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Monday, June 19th. Shareholders of record on Monday, June 5th were given a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 2.89%. The ex-dividend date was Thursday, June 1st. Interpublic Group of Companies, Inc. (The)’s payout ratio is 47.06%.

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In related news, SVP Julie Connors sold 5,854 shares of the stock in a transaction dated Thursday, June 22nd. The stock was sold at an average price of $24.26, for a total transaction of $142,018.04. Following the completion of the sale, the senior vice president now owns 10,592 shares in the company, valued at $256,961.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.49% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the company. Van ECK Associates Corp boosted its stake in Interpublic Group of Companies, Inc. (The) by 6.4% in the first quarter. Van ECK Associates Corp now owns 5,507 shares of the business services provider’s stock valued at $135,000 after buying an additional 331 shares in the last quarter. Global X Management Co. LLC boosted its stake in Interpublic Group of Companies, Inc. (The) by 29.9% in the first quarter. Global X Management Co. LLC now owns 5,502 shares of the business services provider’s stock valued at $135,000 after buying an additional 1,266 shares in the last quarter. Exane Derivatives boosted its stake in Interpublic Group of Companies, Inc. (The) by 181.3% in the second quarter. Exane Derivatives now owns 5,634 shares of the business services provider’s stock valued at $139,000 after buying an additional 3,631 shares in the last quarter. First Bank & Trust acquired a new stake in Interpublic Group of Companies, Inc. (The) during the first quarter valued at about $140,000. Finally, Bronfman E.L. Rothschild L.P. boosted its stake in Interpublic Group of Companies, Inc. (The) by 120.0% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 7,285 shares of the business services provider’s stock valued at $179,000 after buying an additional 3,973 shares in the last quarter. Hedge funds and other institutional investors own 97.87% of the company’s stock.

About Interpublic Group of Companies, Inc. (The)

The Interpublic Group of Companies, Inc is a global advertising and marketing services company. The Company specializes in consumer advertising, digital marketing, communications planning and media buying, public relations and specialized communications disciplines. It operates in two segments: Integrated Agency Networks (IAN) and Constituency Management Group (CMG).

Analyst Recommendations for Interpublic Group of Companies, Inc. (The) (NYSE:IPG)

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