Interpublic Group of Companies, Inc. (The) (NYSE:IPG) received a $26.00 price target from research analysts at Credit Suisse Group in a research note issued on Wednesday. The firm currently has a “buy” rating on the business services provider’s stock. Credit Suisse Group’s target price would suggest a potential upside of 26.52% from the company’s current price.

Several other research firms have also recently issued reports on IPG. Pivotal Research upgraded shares of 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 note on Monday, August 14th. Zacks Investment Research raised shares of Interpublic Group of Companies, Inc. (The) from a “hold” rating to a “buy” rating and set a $24.00 price target for the company in a report on Tuesday. Royal Bank Of Canada reissued a “hold” rating on shares of Interpublic Group of Companies, Inc. (The) in a report on Friday, September 29th. Jefferies Group LLC reissued a “buy” rating and issued a $27.00 price target on shares of Interpublic Group of Companies, Inc. (The) in a report on Monday, June 26th. Finally, Argus cut their price target on shares of Interpublic Group of Companies, Inc. (The) from $28.00 to $27.00 and set a “buy” rating for the company in a report on Wednesday, July 26th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and twelve have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $25.71.

Interpublic Group of Companies, Inc. (NYSE IPG) traded down 2.10% during mid-day trading on Wednesday, reaching $20.55. The company had a trading volume of 8,190,204 shares. The firm has a 50-day moving average price of $20.55 and a 200 day moving average price of $23.04. Interpublic Group of Companies, Inc. has a 12-month low of $19.57 and a 12-month high of $25.71. The firm has a market capitalization of $8.08 billion, a price-to-earnings ratio of 14.79 and a beta of 1.53.

Interpublic Group of Companies, Inc. (The) (NYSE:IPG) last announced its quarterly earnings data 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). Interpublic Group of Companies, Inc. (The) had a net margin of 7.19% and a return on equity of 27.72%. The business had revenue of $1.88 billion for the quarter, compared to analyst estimates of $1.95 billion. During the same quarter in the previous year, the firm posted $0.33 earnings per share. The business’s revenue was down 1.7% on a year-over-year basis. Analysts expect that Interpublic Group of Companies, Inc. will post $1.43 EPS for the current year.

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In other news, SVP Ellen Tobi Johnson sold 20,000 shares of the stock in a transaction dated Monday, August 21st. The shares were sold at an average price of $20.50, for a total transaction of $410,000.00. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 1.49% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of the company. Perpetual Ltd purchased a new stake in shares of Interpublic Group of Companies, Inc. (The) during the second quarter worth approximately $2,702,000. Sentry Investment Management LLC increased its stake in shares of Interpublic Group of Companies, Inc. (The) by 1.1% during the second quarter. Sentry Investment Management LLC now owns 21,099 shares of the business services provider’s stock worth $519,000 after buying an additional 225 shares during the period. Toronto Dominion Bank increased its stake in shares of Interpublic Group of Companies, Inc. (The) by 23.1% during the second quarter. Toronto Dominion Bank now owns 149,878 shares of the business services provider’s stock worth $3,687,000 after buying an additional 28,120 shares during the period. Oak Associates Ltd. OH increased its stake in shares of Interpublic Group of Companies, Inc. (The) by 18.1% during the second quarter. Oak Associates Ltd. OH now owns 183,650 shares of the business services provider’s stock worth $4,518,000 after buying an additional 28,155 shares during the period. Finally, 1st Global Advisors Inc. increased its stake in shares of Interpublic Group of Companies, Inc. (The) by 19.6% during the second quarter. 1st Global Advisors Inc. now owns 9,774 shares of the business services provider’s stock worth $240,000 after buying an additional 1,599 shares during the period. 97.92% of the stock is currently owned by institutional investors and hedge funds.

Interpublic Group of Companies, Inc. (The) Company Profile

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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