Interpublic Group of Companies, Inc. (The) (NYSE:IPG) was upgraded by analysts at Citigroup Inc. from a “neutral” rating to a “buy” rating in a note issued to investors on Wednesday, Marketbeat.com reports.

Several other research analysts have also commented on IPG. Pivotal Research upgraded Interpublic Group of Companies, Inc. (The) from a “hold” rating to a “buy” rating and set a $24.00 target price for the company in a research report on Monday, August 14th. Jefferies Group LLC reiterated a “buy” rating and issued a $27.00 target price on shares of Interpublic Group of Companies, Inc. (The) in a research report on Monday, June 26th. Argus decreased their target price on Interpublic Group of Companies, Inc. (The) from $28.00 to $27.00 and set a “buy” rating for the company in a research report on Wednesday, July 26th. Morgan Stanley reiterated an “equal weight” rating and issued a $24.00 target price (down previously from $26.00) on shares of Interpublic Group of Companies, Inc. (The) in a research report on Wednesday, July 26th. Finally, BidaskClub lowered Interpublic Group of Companies, Inc. (The) from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and eleven have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $26.07.

Shares of Interpublic Group of Companies, Inc. (NYSE IPG) traded up 1.29% during midday trading on Wednesday, reaching $20.38. The company’s stock had a trading volume of 5,241,529 shares. Interpublic Group of Companies, Inc. has a 1-year low of $19.57 and a 1-year high of $25.71. The firm has a market capitalization of $8.01 billion, a PE ratio of 14.67 and a beta of 1.53. The company’s 50-day moving average price is $21.10 and its 200 day moving average price is $23.63.

Interpublic Group of Companies, Inc. (The) (NYSE:IPG) last issued its earnings results on Tuesday, July 25th. The business services provider reported $0.27 EPS for the quarter, missing the consensus estimate of $0.34 by $0.07. The firm had revenue of $1.88 billion during the quarter, compared to analyst estimates of $1.95 billion. Interpublic Group of Companies, Inc. (The) had a return on equity of 27.72% and a net margin of 7.19%. Interpublic Group of Companies, Inc. (The)’s revenue was down 1.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.33 EPS. On average, equities research analysts forecast that Interpublic Group of Companies, Inc. will post $1.43 earnings per share for the current year.

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In other Interpublic Group of Companies, Inc. (The) news, SVP Ellen Tobi Johnson sold 20,000 shares of Interpublic Group of Companies, Inc. (The) stock in a transaction on Monday, August 21st. The stock was sold at an average price of $20.50, for a total transaction of $410,000.00. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Julie Connors sold 5,854 shares of Interpublic Group of Companies, Inc. (The) stock in a transaction on Thursday, June 22nd. The shares were sold at an average price of $24.26, for a total value of $142,018.04. Following the sale, the senior vice president now directly owns 10,592 shares in the company, valued at approximately $256,961.92. The disclosure for this sale can be found here. Company insiders own 1.49% of the company’s stock.

Institutional investors have recently made changes to their positions in the business. Acrospire Investment Management LLC raised its stake in Interpublic Group of Companies, Inc. (The) by 755.0% during the 2nd quarter. Acrospire Investment Management LLC now owns 4,506 shares of the business services provider’s stock valued at $111,000 after acquiring an additional 3,979 shares in the last quarter. Capstone Investment Advisors Netherlands B.V. raised its stake in Interpublic Group of Companies, Inc. (The) by 35.6% during the 2nd quarter. Capstone Investment Advisors Netherlands B.V. now owns 4,775 shares of the business services provider’s stock valued at $117,000 after acquiring an additional 1,254 shares in the last quarter. Van ECK Associates Corp raised its stake in Interpublic Group of Companies, Inc. (The) by 6.4% during the 1st quarter. Van ECK Associates Corp now owns 5,507 shares of the business services provider’s stock valued at $135,000 after acquiring an additional 331 shares in the last quarter. Global X Management Co. LLC raised its stake in Interpublic Group of Companies, Inc. (The) by 29.9% during the 1st quarter. Global X Management Co. LLC now owns 5,502 shares of the business services provider’s stock valued at $135,000 after acquiring an additional 1,266 shares in the last quarter. Finally, Exane Derivatives raised its stake in Interpublic Group of Companies, Inc. (The) by 181.3% during the 2nd quarter. Exane Derivatives now owns 5,634 shares of the business services provider’s stock valued at $139,000 after acquiring an additional 3,631 shares in the last quarter. 98.01% of the stock is currently owned by hedge funds and other institutional investors.

About Interpublic Group of Companies, Inc. (The)

The Interpublic Group of Companies, Inc is a global advertising and marketing services company. The Company specializes in consumer advertising, digital marketing, communications planning and media buying, public relations and specialized communications disciplines. It operates in two segments: Integrated Agency Networks (IAN) and Constituency Management Group (CMG).

Analyst Recommendations for Interpublic Group of Companies, Inc. (The) (NYSE:IPG)

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