Interpublic Group of Companies, Inc. (The) (NYSE:IPG) Given Consensus Rating of “Hold” by Analysts

Interpublic Group of Companies, Inc. (The) (NYSE:IPG) has been assigned an average rating of “Hold” from the eight brokerages that are covering the firm, Marketbeat.com reports. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $31.82.

Several analysts recently weighed in on IPG shares. Weiss Ratings reiterated a “hold (c-)” rating on shares of Interpublic Group of Companies in a research report on Monday, November 24th. Barclays dropped their price target on shares of Interpublic Group of Companies from $28.00 to $27.50 and set an “equal weight” rating on the stock in a research note on Wednesday, November 12th. Finally, Zacks Research downgraded Interpublic Group of Companies from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 13th.

Interpublic Group of Companies Stock Performance

IPG stock opened at $24.63 on Wednesday. Interpublic Group of Companies has a 1 year low of $22.51 and a 1 year high of $33.05. The stock has a market capitalization of $8.95 billion, a price-to-earnings ratio of 20.87 and a beta of 1.12. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.07 and a current ratio of 1.07. The stock’s fifty day moving average is $25.52 and its two-hundred day moving average is $25.40.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of IPG. Brown Brothers Harriman & Co. raised its stake in shares of Interpublic Group of Companies by 213.0% during the third quarter. Brown Brothers Harriman & Co. now owns 1,008 shares of the business services provider’s stock valued at $28,000 after purchasing an additional 686 shares in the last quarter. CYBER HORNET ETFs LLC acquired a new position in Interpublic Group of Companies during the 2nd quarter valued at about $25,000. ESL Trust Services LLC acquired a new position in Interpublic Group of Companies during the 3rd quarter valued at about $29,000. First Horizon Corp bought a new stake in shares of Interpublic Group of Companies during the 3rd quarter worth about $33,000. Finally, EverSource Wealth Advisors LLC lifted its stake in shares of Interpublic Group of Companies by 59.8% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 1,283 shares of the business services provider’s stock worth $36,000 after acquiring an additional 480 shares during the period. Institutional investors own 98.43% of the company’s stock.

Interpublic Group of Companies Company Profile

The Interpublic Group of Companies, Inc provides advertising and marketing services worldwide. It operates in three segments: Media, Data & Engagement Solutions, Integrated Advertising & Creativity Led Solutions, and Specialized Communications & Experiential Solutions. The Media, Data & Engagement Solutions segment provides media and communications services, digital services and products, advertising and marketing technology, e-commerce services, data management and analytics, strategic consulting, and digital brand experience under the IPG Mediabrands, UM, Initiative, Kinesso, Acxiom, Huge, MRM, and R/GA brand names.