Interpublic Group Of Cos. Lowered to “Underweight” at EVA Dimensions LLC (IPG)
Interpublic Group Of Cos. (NYSE:IPG) was downgraded by equities research analysts at EVA Dimensions LLC from a “hold” rating to an “underweight” rating in a research note issued to investors on Tuesday, Analyst Ratings.Net reports.
A number of other analysts have also recently weighed in on IPG. Analysts at Zacks reiterated a “neutral” rating on shares of Interpublic Group Of Cos. in a research note on Tuesday, February 18th. They now have a $17.00 price target on the stock. One analyst has rated the stock with a sell rating, six have given a hold rating and twelve have given a buy rating to the company’s stock. Interpublic Group Of Cos. currently has an average rating of “Buy” and a consensus target price of $16.93.
Interpublic Group Of Cos. (NYSE:IPG) traded down 0.41% during mid-day trading on Tuesday, hitting $17.10. 1,203,484 shares of the company’s stock traded hands. Interpublic Group Of Cos. has a 1-year low of $12.20 and a 1-year high of $17.85. The stock’s 50-day moving average is $16.96 and its 200-day moving average is $16.77. The company has a market cap of $7.118 billion and a price-to-earnings ratio of 28.38.
Interpublic Group Of Cos. (NYSE:IPG) last released its earnings data on Friday, February 14th. The company reported $0.56 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.58 by $0.02. The company had revenue of $2.12 billion for the quarter, compared to the consensus estimate of $2.12 billion. During the same quarter in the previous year, the company posted $0.56 earnings per share. The company’s revenue for the quarter was up 2.9% on a year-over-year basis. Analysts expect that Interpublic Group Of Cos. will post $1.00 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, March 17th. Stockholders of record on Monday, March 3rd will be given a dividend of $0.095 per share. This represents a $0.38 dividend on an annualized basis and a yield of 2.21%. The ex-dividend date of this dividend is Thursday, February 27th. This is a boost from Interpublic Group Of Cos.’s previous quarterly dividend of $0.08.
The Interpublic Group of Companies, Inc (NYSE:IPG) is a global advertising and marketing services companies.
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