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Interpublic Group of Companies (NYSE:IPG)‘s stock had its “outperform” rating reaffirmed by equities researchers at Macquarie in a research report issued on Monday. They currently have a $23.00 price target on the stock, up from their previous price target of $21.00. Macquarie’s price objective would suggest a potential upside of 18.56% from the stock’s previous close.

Interpublic Group of Companies (NYSE:IPG) traded up 1.86% during mid-day trading on Monday, hitting $19.76. The stock had a trading volume of 6,763,224 shares. Interpublic Group of Companies has a 52 week low of $15.28 and a 52 week high of $19.77. The stock’s 50-day moving average is $19.4 and its 200-day moving average is $17.7. The company has a market cap of $8.371 billion and a price-to-earnings ratio of 26.50.

Interpublic Group of Companies (NYSE:IPG) last posted its quarterly earnings results on Friday, July 18th. The company reported $0.25 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.25. The company had revenue of $1.85 billion for the quarter, compared to the consensus estimate of $1.84 billion. During the same quarter in the previous year, the company posted $0.18 earnings per share. The company’s revenue for the quarter was up 5.4% on a year-over-year basis. Analysts expect that Interpublic Group of Companies will post $1.00 EPS for the current fiscal year.

IPG has been the subject of a number of other recent research reports. Analysts at Wedbush raised their price target on shares of Interpublic Group of Companies from $20.00 to $23.00 in a research note on Monday. They now have an “outperform” rating on the stock. Separately, analysts at BMO Capital Markets reiterated an “outperform” rating on shares of Interpublic Group of Companies in a research note on Monday. They now have a $22.00 price target on the stock, up previously from $20.00. Finally, 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. Six equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Interpublic Group of Companies presently has an average rating of “Buy” and an average price target of $20.42.

The Interpublic Group of Companies, Inc (NYSE:IPG) is a global advertising and marketing services companies.

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