Interpublic Group of Companies Inc (NYSE:IPG) has earned an average rating of “Hold” from the fifteen analysts that are presently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, eight have given a hold recommendation and five have given a buy recommendation to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $25.29.
A number of equities research analysts have issued reports on IPG shares. Citigroup upped their price target on shares of Interpublic Group of Companies from $27.00 to $28.00 and gave the company a “buy” rating in a report on Friday, October 19th. Macquarie upgraded shares of Interpublic Group of Companies from a “neutral” rating to an “outperform” rating and upped their price target for the company from $24.00 to $25.00 in a report on Thursday, September 20th. Zacks Investment Research upgraded shares of Interpublic Group of Companies from a “hold” rating to a “buy” rating and set a $27.00 price target for the company in a report on Monday, November 19th. JPMorgan Chase & Co. started coverage on shares of Interpublic Group of Companies in a report on Thursday, October 11th. They set an “overweight” rating for the company. Finally, ValuEngine cut shares of Interpublic Group of Companies from a “hold” rating to a “sell” rating in a research note on Friday, August 3rd.
In related news, Director Jocelyn Carter-Miller sold 8,735 shares of the stock in a transaction dated Monday, November 5th. The shares were sold at an average price of $23.24, for a total value of $203,001.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director H John Greeniaus sold 5,000 shares of the stock in a transaction dated Wednesday, October 31st. The shares were sold at an average price of $23.50, for a total transaction of $117,500.00. The disclosure for this sale can be found here. 1.49% of the stock is currently owned by company insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. NuWave Investment Management LLC raised its position in Interpublic Group of Companies by 117.3% in the third quarter. NuWave Investment Management LLC now owns 5,654 shares of the business services provider’s stock worth $129,000 after purchasing an additional 3,052 shares in the last quarter. Lourd Capital LLC acquired a new position in Interpublic Group of Companies in the third quarter worth about $203,000. Round Table Services LLC acquired a new position in Interpublic Group of Companies in the third quarter worth about $203,000. Bessemer Group Inc. raised its position in Interpublic Group of Companies by 242.7% in the third quarter. Bessemer Group Inc. now owns 9,647 shares of the business services provider’s stock worth $222,000 after purchasing an additional 6,832 shares in the last quarter. Finally, Fifth Third Bancorp raised its position in Interpublic Group of Companies by 63.1% in the third quarter. Fifth Third Bancorp now owns 9,779 shares of the business services provider’s stock worth $224,000 after purchasing an additional 3,784 shares in the last quarter. Institutional investors and hedge funds own 98.14% of the company’s stock.
IPG stock traded down $0.02 during mid-day trading on Thursday, reaching $24.35. 5,083,500 shares of the stock traded hands, compared to its average volume of 4,631,688. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.24 and a quick ratio of 1.24. Interpublic Group of Companies has a 52 week low of $18.99 and a 52 week high of $26.01. The stock has a market capitalization of $9.11 billion, a price-to-earnings ratio of 17.27, a price-to-earnings-growth ratio of 1.84 and a beta of 1.07.
Interpublic Group of Companies (NYSE:IPG) last released its quarterly earnings results on Friday, October 19th. The business services provider reported $0.48 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.46 by $0.02. Interpublic Group of Companies had a net margin of 6.62% and a return on equity of 30.99%. The company had revenue of $1.90 billion during the quarter, compared to analysts’ expectations of $1.88 billion. During the same period in the prior year, the company earned $0.31 earnings per share. The business’s quarterly revenue was up 3.5% compared to the same quarter last year. Equities analysts expect that Interpublic Group of Companies will post 1.74 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, December 17th. Investors of record on Monday, December 3rd will be paid a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 3.45%. The ex-dividend date is Friday, November 30th. Interpublic Group of Companies’s payout ratio is presently 59.57%.
About Interpublic Group of Companies
The Interpublic Group of Companies, Inc provides advertising and marketing services worldwide. The company operates through two segments, Integrated Agency Networks and Constituency Management Group. It offers consumer advertising, digital marketing, communications planning and media buying, public relations, and specialized communications disciplines.
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