Interpublic Group of Companies (NYSE:IPG) had its price objective boosted by equities research analysts at Morgan Stanley to $23.00 in a report released on Wednesday, January 31st. The brokerage presently has an “equal weight” rating on the business services provider’s stock. Morgan Stanley’s price target indicates a potential upside of 7.78% from the stock’s current price.
Several other brokerages have also recently weighed in on IPG. Bank of America cut Interpublic Group of Companies from a “neutral” rating to an “underperform” rating in a report on Thursday, January 25th. Pivotal Research reissued a “buy” rating and set a $26.00 price objective on shares of Interpublic Group of Companies in a report on Tuesday, January 23rd. Zacks Investment Research raised Interpublic Group of Companies from a “sell” rating to a “hold” rating in a report on Wednesday, January 24th. Wells Fargo & Co cut Interpublic Group of Companies from an “outperform” rating to a “market perform” rating and set a $23.00 price target for the company. in a research note on Thursday, January 18th. Finally, Credit Suisse Group set a $26.00 price target on Interpublic Group of Companies and gave the company a “buy” rating in a research note on Wednesday, October 11th. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $25.71.
Shares of Interpublic Group of Companies (NYSE:IPG) opened at $21.34 on Wednesday. The firm has a market capitalization of $8,277.36, a PE ratio of 14.82, a price-to-earnings-growth ratio of 2.19 and a beta of 1.45. Interpublic Group of Companies has a twelve month low of $18.30 and a twelve month high of $25.71. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.63.
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About Interpublic Group of Companies
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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