The Interpublic Group of Companies, Inc. (NYSE:IPG) Receives $30.57 Consensus Price Target from Analysts

The Interpublic Group of Companies, Inc. (NYSE:IPG) has been assigned an average recommendation of “Reduce” from the eight research firms that are presently covering the stock, MarketBeat Ratings reports. Four analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $30.57.

Several brokerages recently issued reports on IPG. BNP Paribas downgraded shares of Interpublic Group of Companies from a “neutral” rating to an “underperform” rating in a research note on Monday, September 30th. UBS Group downgraded Interpublic Group of Companies from a “neutral” rating to a “sell” rating and reduced their target price for the stock from $34.00 to $29.00 in a research note on Thursday, September 12th. Morgan Stanley cut Interpublic Group of Companies from an “equal weight” rating to an “underweight” rating and dropped their price target for the company from $34.00 to $28.00 in a research note on Monday, July 22nd. Barclays reduced their price objective on shares of Interpublic Group of Companies from $32.50 to $32.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 23rd. Finally, StockNews.com raised shares of Interpublic Group of Companies from a “sell” rating to a “hold” rating in a research report on Saturday, November 9th.

Hedge Funds Weigh In On Interpublic Group of Companies

Hedge funds have recently bought and sold shares of the business. Benjamin Edwards Inc. boosted its holdings in Interpublic Group of Companies by 73.8% in the 2nd quarter. Benjamin Edwards Inc. now owns 883 shares of the business services provider’s stock valued at $26,000 after purchasing an additional 375 shares during the period. Catalyst Capital Advisors LLC acquired a new stake in shares of Interpublic Group of Companies in the third quarter valued at approximately $26,000. Hazlett Burt & Watson Inc. boosted its stake in shares of Interpublic Group of Companies by 652.2% in the second quarter. Hazlett Burt & Watson Inc. now owns 1,038 shares of the business services provider’s stock valued at $30,000 after buying an additional 900 shares during the period. International Assets Investment Management LLC acquired a new stake in Interpublic Group of Companies during the second quarter worth approximately $32,000. Finally, Ashton Thomas Securities LLC acquired a new stake in Interpublic Group of Companies during the third quarter worth approximately $32,000. 98.43% of the stock is owned by institutional investors.

Interpublic Group of Companies Stock Up 1.6 %

IPG stock opened at $27.53 on Tuesday. Interpublic Group of Companies has a twelve month low of $26.88 and a twelve month high of $35.17. The company has a market cap of $10.25 billion, a price-to-earnings ratio of 12.98 and a beta of 1.10. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.77. The business has a 50 day moving average price of $30.62 and a two-hundred day moving average price of $30.59.

Interpublic Group of Companies (NYSE:IPG) last issued its earnings results on Tuesday, October 22nd. The business services provider reported $0.70 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.70. The business had revenue of $2.24 billion for the quarter, compared to the consensus estimate of $2.30 billion. Interpublic Group of Companies had a net margin of 7.44% and a return on equity of 27.76%. The firm’s revenue for the quarter was down 2.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.70 earnings per share. Analysts anticipate that Interpublic Group of Companies will post 2.82 EPS for the current fiscal year.

Interpublic Group of Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.80%. The ex-dividend date is Monday, December 2nd. Interpublic Group of Companies’s dividend payout ratio is currently 62.26%.

Interpublic Group of Companies Company Profile

The Interpublic Group of Companies, Inc provides advertising and marketing services worldwide. It operates in three segments: Media, Data & Engagement Solutions, Integrated Advertising & Creativity Led Solutions, and Specialized Communications & Experiential Solutions. The Media, Data & Engagement Solutions segment provides media and communications services, digital services and products, advertising and marketing technology, e-commerce services, data management and analytics, strategic consulting, and digital brand experience under the IPG Mediabrands, UM, Initiative, Kinesso, Acxiom, Huge, MRM, and R/GA brand names.