Interpublic Group of Companies Now Covered by Nomura (IPG)
A number of other analysts have also recently weighed in on IPG. 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. Separately, analysts at Atlantic Securities downgraded shares of Interpublic Group of Companies from an “overweight” rating to a “neutral” rating in a research note on Friday, July 25th. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Interpublic Group of Companies in a research note on Tuesday, July 22nd. They now have a $21.00 price target on the stock. Eight investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $20.67.
Interpublic Group of Companies (NYSE:IPG) opened at 19.845 on Thursday. 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 $8.363 billion and a P/E ratio of 26.95.
Interpublic Group of Companies (NYSE:IPG) last announced its earnings results on Friday, July 18th. The company reported $0.25 earnings per share for the quarter, meeting the analysts’ 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 last year, the company posted $0.18 earnings per share. Interpublic Group of Companies’s revenue was up 5.4% compared to the same quarter last year. Analysts expect that Interpublic Group of Companies will post $1.00 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, September 16th. Investors of record on Tuesday, September 2nd will be paid a dividend of $0.095 per share. This represents a $0.38 annualized dividend and a dividend yield of 1.91%. The ex-dividend date is Thursday, August 28th.
The Interpublic Group of Companies, Inc (NYSE:IPG) is a global advertising and marketing services companies.
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