Interpublic Group Of Cos. (IPG) Posts Quarterly Results
Interpublic Group Of Cos. (NYSE:IPG) posted its quarterly earnings results on Friday. The company reported $0.17 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.18 by $0.01, AnalystRatingsNetwork.com reports. The company had revenue of $1.70 billion for the quarter, compared to the consensus estimate of $1.71 billion. During the same quarter in the previous year, the company posted $0.15 earnings per share. The company’s revenue for the quarter was up 1.8% on a year-over-year basis.
Shares of Interpublic Group Of Cos. (NYSE:IPG) opened at 16.89 on Friday. 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 $16.77 and its 200-day moving average is $15.27. The company has a market cap of $7.130 billion and a price-to-earnings ratio of 18.73.
A number of analysts have recently weighed in on IPG shares. Analysts at RBC Capital raised their price target on shares of Interpublic Group Of Cos. from $17.00 to $19.00 in a research note to investors on Friday, October 11th. They now have an “outperform” rating on the stock. On a related note, analysts at Zacks reiterated a “hold” rating on shares of Interpublic Group Of Cos. in a research note to investors on Thursday, October 10th. They now have a $16.00 price target on the stock. Finally, 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, October 10th. They now have a “neutral” rating on the stock. Five analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $16.31.
The Interpublic Group of Companies, Inc (NYSE:IPG) is a global advertising and marketing services companies.
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