Interpublic Group of Companies (IPG) Posts Quarterly Earnings Results, Meets Expectations
Interpublic Group of Companies (NYSE:IPG) announced its earnings results on Friday. The company reported $0.25 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.25, StockRatingsNetwork reports. The company had revenue of $1.85 billion for the quarter, compared to the consensus estimate of $1.84 billion.
Shares of Interpublic Group of Companies (NYSE:IPG) opened at 19.03 on Friday. Interpublic Group of Companies has a 52-week low of $15.17 and a 52-week high of $19.77. The stock has a 50-day moving average of $19.39 and a 200-day moving average of $17.77. The company has a market cap of $8.062 billion and a P/E ratio of 27.90.
A number of analysts have recently weighed in on IPG shares. Analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Interpublic Group of Companies in a research note on Tuesday, July 8th. They now have a $23.00 price target on the stock, up previously from $20.00. On a related note, analysts at RBC Capital raised their price target on shares of Interpublic Group of Companies from $19.00 to $21.00 in a research note on Wednesday, July 2nd. They now have an “outperform” rating on the stock. Finally, analysts at Jefferies Group initiated coverage on shares of Interpublic Group of Companies in a research note on Wednesday, June 25th. They set a “buy” rating on the stock. Six research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Interpublic Group of Companies presently has an average rating of “Hold” and an average target price of $19.67.
The Interpublic Group of Companies, Inc (NYSE:IPG) is a global advertising and marketing services companies.