Interpublic Group of Companies, Inc. (The) (IPG) Sets New 1-Year Low at $19.01

Interpublic Group of Companies, Inc. (The) (NYSE:IPG) hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $19.01 and last traded at $0.00, with a volume of shares traded.

IPG has been the subject of a number of research analyst reports. BidaskClub cut Interpublic Group of Companies, Inc. (The) from a “buy” rating to a “hold” rating in a report on Monday, July 31st. Jefferies Group LLC restated a “buy” rating and set a $26.00 price objective on shares of Interpublic Group of Companies, Inc. (The) in a report on Thursday, July 27th. Morgan Stanley restated an “equal weight” rating and set a $24.00 price objective (down previously from $26.00) on shares of Interpublic Group of Companies, Inc. (The) in a report on Wednesday, July 26th. Argus reduced their price objective on Interpublic Group of Companies, Inc. (The) from $28.00 to $27.00 and set a “buy” rating for the company in a report on Wednesday, July 26th. Finally, Royal Bank Of Canada set a $24.00 price objective on Interpublic Group of Companies, Inc. (The) and gave the stock a “hold” rating in a report on Tuesday, August 29th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and ten have assigned a buy rating to the company’s stock. Interpublic Group of Companies, Inc. (The) currently has an average rating of “Hold” and an average target price of $25.77.

The firm has a market cap of $7,356.37, a PE ratio of 13.72, a P/E/G ratio of 1.17 and a beta of 1.46. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.63.

Interpublic Group of Companies, Inc. (The) (NYSE:IPG) last announced its quarterly earnings data on Tuesday, October 24th. The business services provider reported $0.31 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.02). Interpublic Group of Companies, Inc. (The) had a net margin of 7.43% and a return on equity of 27.38%. The firm had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.96 billion. During the same quarter in the prior year, the firm earned $0.31 earnings per share. The firm’s revenue for the quarter was down 1.0% on a year-over-year basis. research analysts anticipate that Interpublic Group of Companies, Inc. will post 1.4 earnings per share for the current fiscal year.

In other Interpublic Group of Companies, Inc. (The) news, SVP Ellen Tobi Johnson sold 20,000 shares of the business’s stock in a transaction that occurred on Monday, August 21st. The shares were sold at an average price of $20.50, for a total transaction of $410,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.49% of the stock is owned by insiders.

Institutional investors and hedge funds have recently made changes to their positions in the business. Acrospire Investment Management LLC raised its position in Interpublic Group of Companies, Inc. (The) by 755.0% during 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. raised its position in Interpublic Group of Companies, Inc. (The) by 35.6% during 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. Exane Derivatives raised its position in Interpublic Group of Companies, Inc. (The) by 181.3% during 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. Global X Management Co. LLC raised its position in Interpublic Group of Companies, Inc. (The) by 15.4% during the second quarter. Global X Management Co. LLC now owns 6,349 shares of the business services provider’s stock valued at $156,000 after purchasing an additional 847 shares in the last quarter. Finally, First Bank & Trust raised its position in Interpublic Group of Companies, Inc. (The) by 22.7% during the second quarter. First Bank & Trust now owns 7,004 shares of the business services provider’s stock valued at $172,000 after purchasing an additional 1,296 shares in the last quarter. Institutional investors and hedge funds own 98.49% of the company’s stock.

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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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