Interpublic Group of Companies Receives Consensus Recommendation of “Buy” from Brokerages (NYSE:IPG)
Interpublic Group of Companies (NYSE:IPG) has been given an average rating of “Buy” by the nineteen ratings firms that are currently covering the stock, Analyst Ratings Network.com reports. Eight analysts have rated the stock with a hold recommendation and ten have issued a buy recommendation on the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $21.07.
A number of research firms have recently commented on IPG. 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.
Shares of Interpublic Group of Companies (NYSE:IPG) opened at 19.53 on Thursday. Interpublic Group of Companies has a 52 week low of $15.28 and a 52 week high of $20.64. The stock has a 50-day moving average of $19.72 and a 200-day moving average of $18.36. The company has a market cap of $8.230 billion and a P/E ratio of 27.01.
Interpublic Group of Companies (NYSE:IPG) last released its earnings data 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 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 1.95%. 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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