Interpublic Group of Companies, Inc. (The) (IPG) Rating Reiterated by Royal Bank Of Canada

Interpublic Group of Companies, Inc. (The) (NYSE:IPG)‘s stock had its “buy” rating reissued by analysts at Royal Bank Of Canada in a report released on Friday, July 14th. They currently have a $29.00 price target on the business services provider’s stock. Royal Bank Of Canada’s target price indicates a potential upside of 40.30% from the company’s previous close.

A number of other equities research analysts also recently issued reports on the stock. BidaskClub upgraded shares of Interpublic Group of Companies, Inc. (The) from a “hold” rating to a “buy” rating in a research note on Thursday, June 29th. Evercore ISI initiated coverage on shares of Interpublic Group of Companies, Inc. (The) in a research note on Monday, April 17th. They set an “outperform” rating and a $28.00 price objective on the stock. Zacks Investment Research upgraded shares of Interpublic Group of Companies, Inc. (The) from a “hold” rating to a “buy” rating and set a $27.00 price objective on the stock in a research note on Monday, April 17th. Wells Fargo & Company reiterated a “buy” rating on shares of Interpublic Group of Companies, Inc. (The) in a research note on Wednesday, April 12th. Finally, Wedbush reiterated an “outperform” rating and set a $29.00 price objective on shares of Interpublic Group of Companies, Inc. (The) in a research note on Thursday, April 13th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and nine have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $26.21.

Interpublic Group of Companies, Inc. (IPG) opened at 20.67 on Friday. Interpublic Group of Companies, Inc. has a one year low of $20.65 and a one year high of $25.71. The company’s 50-day moving average is $23.49 and its 200 day moving average 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 released its quarterly earnings results on Tuesday, July 25th. The business services provider reported $0.27 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.34 by $0.07. Interpublic Group of Companies, Inc. (The) had a net margin of 7.19% and a return on equity of 27.72%. The business had revenue of $1.88 billion during the quarter, compared to analyst estimates of $1.95 billion. During the same quarter last year, the company posted $0.33 earnings per share. The company’s revenue was down 1.7% on a year-over-year basis. Analysts predict that Interpublic Group of Companies, Inc. will post $1.43 EPS for the current year.

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In other news, SVP Julie Connors sold 5,854 shares of the firm’s stock in a transaction that occurred 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 owns 10,592 shares of the company’s stock, valued at approximately $256,961.92. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 1.49% of the company’s stock.

Several hedge funds have recently made changes to their positions in the company. Acrospire Investment Management LLC increased its stake in shares of 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 valued at $111,000 after buying an additional 3,979 shares during the period. Van ECK Associates Corp increased its stake 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 valued at $135,000 after buying an additional 331 shares during the period. Global X Management Co. LLC increased its stake 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 valued at $135,000 after buying an additional 1,266 shares during the period. Exane Derivatives increased its stake 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 valued at $139,000 after buying an additional 3,631 shares during the period. Finally, First Bank & Trust bought a new stake in shares of Interpublic Group of Companies, Inc. (The) during the first quarter valued at approximately $140,000. 98.40% of the stock is owned by institutional investors.

Interpublic Group of Companies, Inc. (The) Company Profile

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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