Interpublic Group of Companies Given Consensus Recommendation of “Buy” by Brokerages (NYSE:IPG)
Interpublic Group of Companies (NYSE:IPG) has earned an average recommendation of “Buy” from the nineteen analysts that are presently covering the stock, Analyst Ratings Network reports. Eight investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $21.07.
Shares of Interpublic Group of Companies (NYSE:IPG) traded down 0.10% during mid-day trading on Thursday, hitting $19.825. 181,660 shares of the company’s stock traded hands. Interpublic Group of Companies has a 52-week low of $15.28 and a 52-week high of $20.64. The stock’s 50-day moving average is $19.68 and its 200-day moving average is $18.32. The company has a market cap of $8.354 billion and a price-to-earnings ratio of 27.11.
Interpublic Group of Companies (NYSE:IPG) last released its earnings data on Friday, July 18th. The company reported $0.25 EPS for the quarter, meeting the Thomson Reuters 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 prior year, the company posted $0.18 earnings per share. The company’s quarterly revenue 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.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd will be given a dividend of $0.095 per share. This represents a $0.38 dividend on an annualized basis and a yield of 1.91%. The ex-dividend date of this dividend is Thursday, August 28th.
A number of analysts have recently weighed in on IPG shares. Analysts at Northland Securities initiated coverage on shares of Interpublic Group of Companies in a research note on Thursday. They set a “buy” rating and a $23.50 price target on the stock. Separately, analysts at Nomura initiated coverage on shares of Interpublic Group of Companies in a research note on Thursday. They set a “buy” rating and a $23.50 price target on the stock. Finally, analysts at Citigroup Inc. initiated coverage on shares of Interpublic Group of Companies in a research note on Monday, July 28th. They set a “neutral” rating on the stock.
The Interpublic Group of Companies, Inc (NYSE:IPG) is a global advertising and marketing services companies.
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