Credit Suisse Group Analysts Give Interpublic Group of Companies, Inc. (The) (IPG) a $26.00 Price Target

Interpublic Group of Companies, Inc. (The) (NYSE:IPG) has been assigned a $26.00 price target by investment analysts at Credit Suisse Group in a research note issued to investors on Wednesday. The firm presently has a “buy” rating on the business services provider’s stock. Credit Suisse Group’s price target points to a potential upside of 23.87% from the company’s previous close.

IPG has been the subject of several other reports. Royal Bank Of Canada set a $24.00 price objective on shares of Interpublic Group of Companies, Inc. (The) and gave the stock a “hold” rating in a research report on Tuesday, August 29th. Jefferies Group LLC reaffirmed 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, June 26th. Citigroup Inc. raised shares of Interpublic Group of Companies, Inc. (The) from a “neutral” rating to a “buy” rating in a research report on Wednesday, September 6th. Zacks Investment Research raised shares of Interpublic Group of Companies, Inc. (The) from a “hold” rating to a “buy” rating and set a $28.00 price target for the company in a research report on Monday, July 17th. Finally, Pivotal Research raised shares of Interpublic Group of Companies, Inc. (The) from a “hold” rating to a “buy” rating and set a $24.00 price target for the company in a research report on Monday, August 14th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and twelve have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $25.71.

Interpublic Group of Companies, Inc. (NYSE:IPG) traded down 1.76% during mid-day trading on Wednesday, reaching $20.62. The company’s stock had a trading volume of 4,541,039 shares. The company’s 50-day moving average price is $20.55 and its 200 day moving average price is $23.04. Interpublic Group of Companies, Inc. has a 52 week low of $19.57 and a 52 week high of $25.71. The firm has a market capitalization of $8.11 billion, a price-to-earnings ratio of 14.94 and a beta of 1.53.

Interpublic Group of Companies, Inc. (The) (NYSE:IPG) last posted 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). The business had revenue of $1.88 billion during the quarter, compared to analyst estimates of $1.95 billion. Interpublic Group of Companies, Inc. (The) had a return on equity of 27.72% and a net margin of 7.19%. The business’s revenue was down 1.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.33 EPS. On average, equities analysts forecast that Interpublic Group of Companies, Inc. will post $1.43 earnings per share for the current fiscal year.

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In other Interpublic Group of Companies, Inc. (The) news, SVP Ellen Tobi Johnson sold 20,000 shares of the company’s stock in a transaction dated Monday, August 21st. The shares were sold at an average price of $20.50, for a total value of $410,000.00. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 1.49% of the stock is owned by corporate insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in IPG. Acrospire Investment Management LLC lifted its holdings 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 purchasing an additional 3,979 shares in the last quarter. Capstone Investment Advisors Netherlands B.V. lifted its holdings in shares of Interpublic Group of Companies, Inc. (The) by 35.6% in the second 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 in the last quarter. Global X Management Co. LLC lifted its holdings 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 purchasing an additional 1,266 shares in the last quarter. Van ECK Associates Corp lifted its holdings 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 purchasing an additional 331 shares in the last quarter. Finally, Exane Derivatives lifted its holdings 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 purchasing an additional 3,631 shares in the last quarter. 97.92% of the stock is currently 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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