Brokerages Set Interpublic Group of Companies, Inc. (The) (IPG) PT at $27.00

Interpublic Group of Companies, Inc. (The) (NYSE:IPG) has been given an average recommendation of “Hold” by the eighteen research firms that are covering the firm, Marketbeat Ratings reports. Three analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and nine have given a buy recommendation to the company. The average 1 year target price among analysts that have covered the stock in the last year is $26.08.

IPG has been the topic of a number of research analyst reports. Macquarie cut shares of Interpublic Group of Companies, Inc. (The) from an “outperform” rating to a “neutral” rating and cut their price objective for the stock from $28.00 to $24.00 in a research report on Tuesday, June 6th. Jefferies Group LLC reissued a “buy” rating and set a $27.00 price objective on shares of Interpublic Group of Companies, Inc. (The) in a research report on Monday, May 22nd. Telsey Advisory Group raised their price target on shares of Interpublic Group of Companies, Inc. (The) from $28.00 to $29.00 and gave the company an “outperform” rating in a research report on Monday, April 24th. BidaskClub cut shares of Interpublic Group of Companies, Inc. (The) from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Finally, Morgan Stanley reaffirmed an “equal weight” rating and issued a $24.00 price target (down previously from $26.00) on shares of Interpublic Group of Companies, Inc. (The) in a research report on Wednesday, July 26th.

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Interpublic Group of Companies, Inc. (IPG) opened at 20.67 on Monday. Interpublic Group of Companies, Inc. has a 52 week low of $20.65 and a 52 week high of $25.71. The company’s 50-day moving average price is $23.49 and its 200-day moving average price is $24.09. The company has a market capitalization of $8.13 billion, a P/E ratio of 14.88 and a beta of 1.53.

Interpublic Group of Companies, Inc. (The) (NYSE:IPG) last issued its quarterly earnings results on Tuesday, July 25th. The business services provider reported $0.27 EPS for the quarter, missing the Zacks’ consensus estimate of $0.34 by $0.07. The firm had revenue of $1.88 billion for the quarter, compared to the consensus estimate of $1.95 billion. Interpublic Group of Companies, Inc. (The) had a net margin of 7.19% and a return on equity of 27.72%. The business’s revenue was down 1.7% compared to the same quarter last year. During the same period last year, the company posted $0.33 EPS. On average, equities analysts forecast that Interpublic Group of Companies, Inc. will post $1.43 EPS for the current fiscal year.

In other news, SVP Julie Connors sold 5,854 shares of Interpublic Group of Companies, Inc. (The) stock in a transaction on Thursday, June 22nd. The shares were 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 directly owns 10,592 shares of the company’s stock, valued at approximately $256,961.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.49% of the stock is owned by company insiders.

Several hedge funds have recently bought and sold shares of the company. Acrospire Investment Management LLC increased its stake in Interpublic Group of Companies, Inc. (The) by 755.0% in the second quarter. Acrospire Investment Management LLC now owns 4,506 shares of the business services provider’s stock worth $111,000 after buying an additional 3,979 shares in the last quarter. Van ECK Associates Corp boosted its position in shares of 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 worth $135,000 after buying an additional 331 shares during the last quarter. Global X Management Co. LLC boosted its position in shares of 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 worth $135,000 after buying an additional 1,266 shares during the last quarter. Exane Derivatives boosted its position in shares of 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 worth $139,000 after buying an additional 3,631 shares during the last quarter. Finally, First Bank & Trust acquired a new position in shares of Interpublic Group of Companies, Inc. (The) during the first quarter worth approximately $140,000. 98.40% of the stock is owned by institutional investors.

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).

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