Interpublic Group of Companies’ (IPG) “Hold” Rating Reiterated at Royal Bank of Canada

Interpublic Group of Companies (NYSE:IPG)‘s stock had its “hold” rating reissued by equities research analysts at Royal Bank of Canada in a report released on Thursday. They currently have a $26.00 price target on the business services provider’s stock. Royal Bank of Canada’s price target suggests a potential upside of 2.65% from the stock’s previous close.

A number of other equities analysts have also recently weighed in on the stock. Jefferies Group reaffirmed a “neutral” rating on shares of Interpublic Group of Companies in a research report on Thursday. BMO Capital Markets increased their price objective on shares of Interpublic Group of Companies from $25.00 to $27.00 and gave the stock an “outperform” rating in a research report on Thursday. Wells Fargo & Co reaffirmed a “hold” rating on shares of Interpublic Group of Companies in a research report on Wednesday. TheStreet raised shares of Interpublic Group of Companies from a “c+” rating to a “b-” rating in a research report on Monday. Finally, Zacks Investment Research raised shares of Interpublic Group of Companies from a “hold” rating to a “buy” rating and set a $25.00 price objective for the company in a research report on Tuesday. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have issued a buy rating to the company’s stock. Interpublic Group of Companies currently has an average rating of “Hold” and a consensus target price of $26.07.

Interpublic Group of Companies (NYSE:IPG) traded up $0.27 during trading hours on Thursday, hitting $25.33. 11,777,701 shares of the company were exchanged, compared to its average volume of 6,164,202. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.93 and a quick ratio of 0.93. The stock has a market cap of $9,517.02, a PE ratio of 17.23, a P/E/G ratio of 2.52 and a beta of 1.45. Interpublic Group of Companies has a 1 year low of $18.30 and a 1 year high of $26.01.

Interpublic Group of Companies (NYSE:IPG) last posted its quarterly earnings data on Wednesday, February 14th. The business services provider reported $0.79 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.77 by $0.02. The firm had revenue of $2.34 billion during the quarter, compared to analysts’ expectations of $2.30 billion. Interpublic Group of Companies had a net margin of 7.35% and a return on equity of 27.80%. The firm’s quarterly revenue was up 3.4% on a year-over-year basis. During the same quarter last year, the company posted $0.81 EPS. equities analysts predict that Interpublic Group of Companies will post 1.59 earnings per share for the current year.

Interpublic Group of Companies announced that its board has initiated a share buyback program on Wednesday, February 14th that allows the company to buyback $300.00 million in outstanding shares. This buyback authorization allows the business services provider to purchase shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s leadership believes its shares are undervalued.

Institutional investors have recently added to or reduced their stakes in the business. Dupont Capital Management Corp lifted its holdings in Interpublic Group of Companies by 129.8% during the 3rd quarter. Dupont Capital Management Corp now owns 129,522 shares of the business services provider’s stock worth $2,693,000 after buying an additional 73,155 shares in the last quarter. Swiss National Bank raised its holdings in shares of Interpublic Group of Companies by 1.6% in the 3rd quarter. Swiss National Bank now owns 1,453,690 shares of the business services provider’s stock valued at $30,222,000 after purchasing an additional 22,900 shares in the last quarter. Aurora Investment Counsel acquired a new stake in shares of Interpublic Group of Companies in the 4th quarter valued at $1,543,000. Wells Fargo & Company MN raised its holdings in shares of Interpublic Group of Companies by 159.5% in the 3rd quarter. Wells Fargo & Company MN now owns 7,250,126 shares of the business services provider’s stock valued at $150,730,000 after purchasing an additional 4,455,788 shares in the last quarter. Finally, Hussman Strategic Advisors Inc. acquired a new stake in shares of Interpublic Group of Companies in the 3rd quarter valued at $1,559,000. Institutional investors own 96.55% of the company’s stock.

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Interpublic Group of Companies 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 (NYSE:IPG)

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