Zacks Reiterates Hold Rating for Interpublic Group Of Cos. (IPG)
Interpublic Group Of Cos. (NYSE:IPG)‘s stock had its “hold” rating restated by Zacks in a report issued on Thursday, American Banking & Market News reports. They currently have a $16.00 price objective on the stock. Zacks‘ price target would suggest a potential downside of 4.08% from the stock’s previous close.
Interpublic Group Of Cos. (NYSE:IPG) traded up 1.71% on Thursday, hitting $16.68. The stock had a trading volume of 5,106,340 shares. Interpublic Group Of Cos. has a 1-year low of $9.38 and a 1-year high of $17.55. The stock’s 50-day moving average is $16.62 and its 200-day moving average is $15.14. 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 announced its 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. Analysts expect that Interpublic Group Of Cos. will post $0.84 EPS for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Goldman Sachs Group Inc. raised their price target on shares of Interpublic Group Of Cos. from $16.00 to $18.00 in a research note to investors on Thursday. They now have a “neutral” rating on the stock. Separately, 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. 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 stock. The stock currently has a consensus rating of “Buy” and an average price target of $16.20.
The Interpublic Group of Companies, Inc (NYSE:IPG) is a global advertising and marketing services companies.
To view Zacks’ full report, visit www.zacks.com
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