Interpublic Group of Companies (IPG) PT Raised to $27.00

Interpublic Group of Companies (NYSE:IPG) had its target price boosted by analysts at BMO Capital Markets from $25.00 to $27.00 in a research note issued on Thursday. The firm presently has an “outperform” rating on the business services provider’s stock. BMO Capital Markets’ target price suggests a potential upside of 8.35% from the stock’s current price.

Several other analysts also recently issued reports on the company. Wells Fargo & Co reissued a “hold” rating on shares of Interpublic Group of Companies in a research note on Wednesday. TheStreet raised Interpublic Group of Companies from a “c+” rating to a “b-” rating in a research note on Monday. Zacks Investment Research raised Interpublic Group of Companies from a “hold” rating to a “buy” rating and set a $25.00 price target on the stock in a research note on Tuesday. ValuEngine downgraded Interpublic Group of Companies from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Finally, Morgan Stanley lifted their price target on Interpublic Group of Companies to $23.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 31st. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $26.07.

Interpublic Group of Companies (NYSE IPG) traded up $0.43 on Thursday, hitting $24.92. The company’s stock had a trading volume of 6,699,680 shares, compared to its average volume of 5,824,352. Interpublic Group of Companies has a 1 year low of $18.30 and a 1 year high of $25.71. The firm has a market cap of $9,560.00, a P/E ratio of 16.73, a price-to-earnings-growth ratio of 2.29 and a beta of 1.45. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.93 and a quick ratio of 0.93.

Interpublic Group of Companies (NYSE:IPG) last released its quarterly earnings results on Wednesday, February 14th. The business services provider reported $0.79 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.77 by $0.02. Interpublic Group of Companies had a return on equity of 27.38% and a net margin of 7.43%. The firm had revenue of $2.34 billion for the quarter, compared to the consensus estimate of $2.30 billion. During the same quarter last year, the business posted $0.81 EPS. The company’s revenue for the quarter was up 3.4% on a year-over-year basis. research analysts expect that Interpublic Group of Companies will post 1.39 EPS for the current year.

Interpublic Group of Companies announced that its board has initiated a share repurchase plan on Wednesday, February 14th that authorizes the company to repurchase $300.00 million in outstanding shares. This repurchase authorization authorizes the business services provider to buy shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its shares are undervalued.

Large investors have recently added to or reduced their stakes in the stock. Ameritas Investment Partners Inc. grew its holdings in Interpublic Group of Companies by 1.0% during the second quarter. Ameritas Investment Partners Inc. now owns 9,123 shares of the business services provider’s stock worth $224,000 after purchasing an additional 90 shares during the period. Sentry Investment Management LLC grew its holdings in Interpublic Group of Companies 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 purchasing an additional 225 shares during the period. Thrivent Financial For Lutherans grew its holdings in Interpublic Group of Companies by 2.6% during the second quarter. Thrivent Financial For Lutherans now owns 14,867 shares of the business services provider’s stock worth $366,000 after purchasing an additional 380 shares during the period. 1st Global Advisors Inc. grew its holdings in Interpublic Group of Companies 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 purchasing an additional 1,599 shares during the period. Finally, Buckingham Capital Management Inc. grew its holdings in Interpublic Group of Companies by 13.4% during the third quarter. Buckingham Capital Management Inc. now owns 20,075 shares of the business services provider’s stock worth $417,000 after purchasing an additional 2,370 shares during the period. 96.55% of the stock is currently owned by institutional investors and hedge funds.

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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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