Interpublic Group of Companies, Inc. (The) (NYSE:IPG) was downgraded by research analysts at Argus from a “buy” rating to a “hold” rating in a note issued to investors on Tuesday, The Fly reports.

IPG has been the subject of a number of other research reports. Zacks Investment Research downgraded shares of Interpublic Group of Companies, Inc. (The) from a “hold” rating to a “sell” rating in a report on Friday, July 28th. Credit Suisse Group set a $26.00 price objective on shares of Interpublic Group of Companies, Inc. (The) and gave the stock a “buy” rating in a report on Wednesday, October 11th. Royal Bank Of Canada reaffirmed a “hold” rating on shares of Interpublic Group of Companies, Inc. (The) in a report on Friday, September 29th. Pivotal Research reaffirmed a “buy” rating and issued a $23.00 price objective on shares of Interpublic Group of Companies, Inc. (The) in a report on Tuesday, October 24th. Finally, BMO Capital Markets reaffirmed an “outperform” rating and issued a $26.00 price objective (down previously from $27.00) on shares of Interpublic Group of Companies, Inc. (The) in a report on Wednesday, July 26th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and ten have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $25.77.

Shares of Interpublic Group of Companies, Inc. (NYSE IPG) opened at 19.31 on Tuesday. The company’s 50-day moving average is $20.62 and its 200-day moving average is $22.63. The firm has a market cap of $7.59 billion, a PE ratio of 13.90 and a beta of 1.53. Interpublic Group of Companies, Inc. has a 52 week low of $19.01 and a 52 week high of $25.71.

Interpublic Group of Companies, Inc. (The) (NYSE:IPG) last released its quarterly earnings data on Tuesday, October 24th. The business services provider reported $0.31 EPS for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.02). The business had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.96 billion. Interpublic Group of Companies, Inc. (The) had a return on equity of 27.38% and a net margin of 7.43%. The business’s revenue for the quarter was down 1.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.31 EPS. Analysts forecast that Interpublic Group of Companies, Inc. will post $1.41 EPS for the current fiscal year.

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In other news, SVP Ellen Tobi Johnson sold 20,000 shares of the business’s stock in a transaction on 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 filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.49% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. raised its stake in shares of Interpublic Group of Companies, Inc. (The) by 1.1% during the second quarter. Vanguard Group Inc. now owns 39,967,140 shares of the business services provider’s stock valued at $983,192,000 after purchasing an additional 419,048 shares in the last quarter. BlackRock Inc. raised its stake in shares of Interpublic Group of Companies, Inc. (The) by 2.7% during the second quarter. BlackRock Inc. now owns 36,204,064 shares of the business services provider’s stock valued at $890,619,000 after purchasing an additional 936,771 shares in the last quarter. Boston Partners raised its stake in shares of Interpublic Group of Companies, Inc. (The) by 1.7% during the second quarter. Boston Partners now owns 21,969,850 shares of the business services provider’s stock valued at $540,459,000 after purchasing an additional 376,427 shares in the last quarter. Voya Investment Management LLC raised its stake in shares of Interpublic Group of Companies, Inc. (The) by 14.7% during the second quarter. Voya Investment Management LLC now owns 9,175,028 shares of the business services provider’s stock valued at $225,706,000 after purchasing an additional 1,177,667 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its stake in shares of Interpublic Group of Companies, Inc. (The) by 21.3% during the second quarter. Goldman Sachs Group Inc. now owns 8,547,989 shares of the business services provider’s stock valued at $210,280,000 after purchasing an additional 1,503,316 shares in the last quarter. Institutional investors and hedge funds own 98.49% of the company’s stock.

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).

The Fly

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

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