Morgan Stanley Boosts Interpublic Group of Companies (IPG) Price Target to $23.00

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.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. D.A. Davidson & CO. lifted its holdings in Interpublic Group of Companies by 18.4% during the 4th quarter. D.A. Davidson & CO. now owns 22,061 shares of the business services provider’s stock valued at $445,000 after purchasing an additional 3,425 shares during the last quarter. Toronto Dominion Bank lifted its holdings in Interpublic Group of Companies by 9.3% during the 4th quarter. Toronto Dominion Bank now owns 181,430 shares of the business services provider’s stock valued at $3,658,000 after purchasing an additional 15,506 shares during the last quarter. The Manufacturers Life Insurance Company lifted its holdings in Interpublic Group of Companies by 5.6% during the 4th quarter. The Manufacturers Life Insurance Company now owns 700,488 shares of the business services provider’s stock valued at $14,121,000 after purchasing an additional 37,399 shares during the last quarter. Wells Fargo & Company MN lifted its holdings in Interpublic Group of Companies by 32.7% during the 4th quarter. Wells Fargo & Company MN now owns 9,620,910 shares of the business services provider’s stock valued at $193,957,000 after purchasing an additional 2,370,784 shares during the last quarter. Finally, First Trust Advisors LP lifted its holdings in Interpublic Group of Companies by 46.6% during the 4th quarter. First Trust Advisors LP now owns 927,804 shares of the business services provider’s stock valued at $18,705,000 after purchasing an additional 294,721 shares during the last quarter. 98.42% of the stock is owned by institutional investors.

ILLEGAL ACTIVITY NOTICE: “Morgan Stanley Boosts Interpublic Group of Companies (IPG) Price Target to $23.00” was reported by Community Financial News and is owned by of Community Financial News. If you are accessing this story on another site, it was stolen and republished in violation of U.S. and international trademark & copyright law. The original version of this story can be viewed at https://www.com-unik.info/2018/02/01/interpublic-group-of-companies-ipg-pt-raised-to-23-00-at-morgan-stanley.html.

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).

Analyst Recommendations for Interpublic Group of Companies (NYSE:IPG)

Receive News & Ratings for Interpublic Group of Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Interpublic Group of Companies and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit