Interpublic Group of Companies Now Covered by Northland Securities (IPG)
Stock analysts at Northland Securities assumed coverage on shares of Interpublic Group of Companies (NYSE:IPG) in a report issued on Thursday. The firm set a “buy” rating and a $23.50 price target on the stock. Northland Securities’ target price would suggest a potential upside of 17.85% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Nomura initiated coverage on shares of Interpublic Group of Companies in a research note on Thursday. They set a “buy” rating on the stock. Separately, 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. Finally, 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. Eight analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $20.88.
Shares of Interpublic Group of Companies (NYSE:IPG) opened at 19.845 on Thursday. Interpublic Group of Companies has a one year low of $15.28 and a one year high of $20.64. The stock has a 50-day moving average of $19.68 and a 200-day moving average of $18.32. The company has a market cap of $8.363 billion and a price-to-earnings ratio of 26.95.
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. On average, analysts predict 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. Stockholders 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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