Interpublic Group of Companies Sets New 1-Year High at $19.60 (IPG)
Interpublic Group of Companies (NYSE:IPG) shares reached a new 52-week high on Thursday , Stock Ratings Network reports. The stock traded as high as $19.60 and last traded at $19.54, with a volume of 2,114,414 shares changing hands. The stock had previously closed at $19.32.
IPG has been the subject of a number of recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of Interpublic Group of Companies in a research note on Friday, April 25th. They now have a $18.00 price target on the stock. Analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Interpublic Group of Companies in a research note on Wednesday, April 23rd. They now have a $20.00 price target on the stock. Seven equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $18.20.
The stock has a 50-day moving average of $17.87 and a 200-day moving average of $17.24. The company has a market cap of $8.295 billion and a price-to-earnings ratio of 27.96.
Interpublic Group of Companies (NYSE:IPG) last released its earnings data on Tuesday, April 22nd. The company reported ($0.05) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.08) by $0.03. The company had revenue of $1.64 billion for the quarter, compared to the consensus estimate of $1.60 billion. During the same quarter in the previous year, the company posted ($0.14) earnings per share. The company’s revenue for the quarter was up 6.1% on a year-over-year basis. Analysts expect that Interpublic Group of Companies will post $1.00 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, June 17th. Investors of record on Tuesday, June 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 1.94%. The ex-dividend date of this dividend is Friday, May 30th.
The Interpublic Group of Companies, Inc (NYSE:IPG) is a global advertising and marketing services companies.
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