Interpublic Group of Companies, Inc. (The) (IPG) Upgraded at Zacks Investment Research

Interpublic Group of Companies, Inc. (The) (NYSE:IPG) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued on Tuesday. The brokerage presently has a $24.00 price objective on the business services provider’s stock. Zacks Investment Research‘s price target points to a potential upside of 14.07% from the company’s previous close.

According to Zacks, “Interpublic’s digital capabilities, diversified business model and geographic reach offer a distinctive competitive advantage. The company is expected to achieve targeted levels in the coming quarters based on diversification across emerging regions and collaboration across agencies through technological improvement. The Group’s best-in-industry talent and tools are expected to offer optimal and affordable solutions, thus rendering an edge over its peers. The company’s efforts in reducing costs, continuous margin improvement, stronger balance sheet and better capital structure should improve its profitability. For 2017, the company expects organic growth in the range of 3–4%, with a 50 bps improvement in operating margins. Interpublic also outperformed the industry year to date. However, constrained marketing budgets from big clients are expected to slow down organic growth and lead to account loss headwinds.”

Other analysts have also recently issued reports about the company. Jefferies Group LLC reiterated a “buy” rating and set a $26.00 price target on shares of Interpublic Group of Companies, Inc. (The) in a research report on Thursday, July 27th. Pivotal Research raised Interpublic Group of Companies, Inc. (The) from a “hold” rating to a “buy” rating and set a $24.00 price objective on the stock in a research note on Monday, August 14th. Royal Bank Of Canada reissued a “buy” rating and set a $29.00 price objective on shares of Interpublic Group of Companies, Inc. (The) in a research note on Friday, July 14th. BidaskClub raised Interpublic Group of Companies, Inc. (The) from a “hold” rating to a “buy” rating in a research note on Thursday, June 29th. Finally, Argus lowered their price objective on Interpublic Group of Companies, Inc. (The) from $28.00 to $27.00 and set a “buy” rating on the stock in a research note on Wednesday, July 26th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and eleven have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $25.69.

Interpublic Group of Companies, Inc. (NYSE IPG) traded up 0.33% on Tuesday, hitting $21.11. The stock had a trading volume of 1,041,776 shares. The company has a market cap of $8.30 billion, a PE ratio of 15.20 and a beta of 1.53. Interpublic Group of Companies, Inc. has a 12 month low of $19.57 and a 12 month high of $25.71. The company has a 50-day moving average of $20.53 and a 200 day moving average of $23.07.

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 Thomson Reuters’ consensus estimate of $0.34 by ($0.07). Interpublic Group of Companies, Inc. (The) had a return on equity of 27.72% and a net margin of 7.19%. The firm had revenue of $1.88 billion for the quarter, compared to analysts’ expectations of $1.95 billion. During the same quarter in the previous year, the firm posted $0.33 earnings per share. The firm’s revenue for the quarter was down 1.7% compared to the same quarter last year. On average, analysts predict that Interpublic Group of Companies, Inc. will post $1.43 EPS for the current fiscal year.

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In other news, SVP Ellen Tobi Johnson sold 20,000 shares of the company’s stock in a transaction on Monday, August 21st. The stock was sold at an average price of $20.50, for a total value of $410,000.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 1.49% of the company’s stock.

Institutional investors have recently made changes to their positions in the company. Acrospire Investment Management LLC lifted its stake in shares of Interpublic Group of Companies, Inc. (The) by 755.0% in the 2nd quarter. Acrospire Investment Management LLC now owns 4,506 shares of the business services provider’s stock valued at $111,000 after purchasing an additional 3,979 shares during the last quarter. Capstone Investment Advisors Netherlands B.V. lifted its stake in shares of Interpublic Group of Companies, Inc. (The) by 35.6% in the 2nd quarter. Capstone Investment Advisors Netherlands B.V. now owns 4,775 shares of the business services provider’s stock valued at $117,000 after purchasing an additional 1,254 shares during the last quarter. Global X Management Co. LLC lifted its stake in shares of Interpublic Group of Companies, Inc. (The) by 29.9% in the 1st quarter. Global X Management Co. LLC now owns 5,502 shares of the business services provider’s stock valued at $135,000 after purchasing an additional 1,266 shares during the last quarter. Van ECK Associates Corp lifted its stake in shares of Interpublic Group of Companies, Inc. (The) by 6.4% in the 1st quarter. Van ECK Associates Corp now owns 5,507 shares of the business services provider’s stock valued at $135,000 after purchasing an additional 331 shares during the last quarter. Finally, Exane Derivatives lifted its stake in shares of Interpublic Group of Companies, Inc. (The) by 181.3% in the 2nd quarter. Exane Derivatives now owns 5,634 shares of the business services provider’s stock valued at $139,000 after purchasing an additional 3,631 shares during the last quarter. 97.92% of the stock is currently owned by institutional investors and hedge funds.

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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