Interpublic Group Of Cos. Price Target Increased to $18.00 by Analysts at Goldman Sachs Group Inc. (IPG)
Analysts at Goldman Sachs Group Inc. upped their price objective on shares of Interpublic Group Of Cos. (NYSE:IPG) from $16.00 to $18.00 in a research report issued to clients and investors on Thursday, AnalystRatings.Net reports. The firm currently has a “neutral” rating on the stock. Goldman Sachs Group Inc.’s price objective indicates a potential upside of 7.91% from the stock’s previous close.
IPG has been the subject of a number of other recent research reports. Analysts at Jefferies Group upgraded shares of Interpublic Group Of Cos. from an “underperform” rating to a “hold” rating in a research note to investors on Wednesday, September 18th. They now have a $17.20 price target on the stock, up previously from $11.00. Separately, analysts at Zacks reiterated a “hold” rating on shares of Interpublic Group Of Cos. in a research note to investors on Wednesday, September 4th. They now have a $16.00 price target on the stock. Finally, analysts at Pivotal Research raised their price target on shares of Interpublic Group Of Cos. from $21.00 to $22.00 in a research note to investors on Wednesday, September 4th. They now have a “buy” rating on the stock. Five analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $16.20.
Shares of Interpublic Group Of Cos. (NYSE:IPG) traded up 1.71% on Thursday, hitting $16.68. 5,106,340 shares of the company’s stock traded hands. Interpublic Group Of Cos. has a 52-week low of $9.38 and a 52-week high of $17.55. The stock has a 50-day moving average of $16.59 and a 200-day moving average of $15.13. The company has a market cap of $7.041 billion and a price-to-earnings ratio of 18.18.
Interpublic Group Of Cos. (NYSE:IPG) last posted its quarterly earnings results on Friday, July 19th. The company reported $0.19 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.22 by $0.03. The company had revenue of $1.76 billion for the quarter, compared to the consensus estimate of $1.75 billion. During the same quarter last year, the company posted $0.22 earnings per share. Interpublic Group Of Cos.’s revenue was up 2.3% compared to the same quarter last year. On average, analysts predict that Interpublic Group Of Cos. will post $0.84 earnings per share for the current fiscal year.
The Interpublic Group of Companies, Inc (NYSE:IPG) is a global advertising and marketing services companies.
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