Interpublic Group of Companies, Inc. (The) (NYSE:IPG) Rating Reiterated by Morgan Stanley

Interpublic Group of Companies, Inc. (The) (NYSE:IPG)‘s stock had its “hold” rating reissued by equities researchers at Morgan Stanley in a report issued on Monday, October 16th.

Other equities analysts have also issued research reports about the stock. Zacks Investment Research upgraded shares of Interpublic Group of Companies, Inc. (The) from a “hold” rating to a “buy” rating and set a $28.00 price target on the stock in a report on Monday, July 17th. Royal Bank Of Canada restated a “buy” rating and issued a $29.00 target price on shares of Interpublic Group of Companies, Inc. (The) in a report on Friday, July 14th. BidaskClub upgraded shares of Interpublic Group of Companies, Inc. (The) from a “hold” rating to a “buy” rating in a report on Thursday, June 29th. Jefferies Group LLC restated a “buy” rating and issued a $27.00 target price on shares of Interpublic Group of Companies, Inc. (The) in a report on Monday, June 26th. Finally, Argus dropped their target price on shares of Interpublic Group of Companies, Inc. (The) from $28.00 to $27.00 and set a “buy” rating on the stock in a report on Wednesday, July 26th. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and eleven have given a buy rating to the company. Interpublic Group of Companies, Inc. (The) currently has an average rating of “Hold” and an average target price of $25.77.

Interpublic Group of Companies, Inc. (IPG) traded down 2.48% on Monday, reaching $19.67. The company’s stock had a trading volume of 8,034,082 shares. Interpublic Group of Companies, Inc. has a 52 week low of $19.01 and a 52 week high of $25.71. The stock’s 50 day moving average is $20.67 and its 200-day moving average is $22.75. The firm has a market capitalization of $7.74 billion, a PE ratio of 14.16 and a beta of 1.53.

Interpublic Group of Companies, Inc. (The) (NYSE:IPG) last issued its quarterly earnings results 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 for the quarter, compared to analyst estimates of $1.96 billion. Interpublic Group of Companies, Inc. (The) had a return on equity of 27.45% and a net margin of 7.43%. Interpublic Group of Companies, Inc. (The)’s revenue for the quarter was down 1.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.31 EPS. Analysts predict that Interpublic Group of Companies, Inc. will post $1.40 EPS for the current year.

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In other Interpublic Group of Companies, Inc. (The) news, SVP Ellen Tobi Johnson sold 20,000 shares of the company’s stock in a transaction dated Monday, August 21st. The shares were sold at an average price of $20.50, for a total value of $410,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.49% of the company’s stock.

A number of hedge funds have recently modified their holdings of IPG. OppenheimerFunds Inc. grew its position in Interpublic Group of Companies, Inc. (The) by 4.0% in the 1st quarter. OppenheimerFunds Inc. now owns 39,244 shares of the business services provider’s stock worth $964,000 after purchasing an additional 1,522 shares in the last quarter. Thrivent Financial For Lutherans grew its position in Interpublic Group of Companies, Inc. (The) by 4.9% in the 1st quarter. Thrivent Financial For Lutherans now owns 14,487 shares of the business services provider’s stock worth $356,000 after purchasing an additional 680 shares in the last quarter. Global X Management Co. LLC grew its position in Interpublic Group of Companies, Inc. (The) by 29.9% in the 1st quarter. Global X Management Co. LLC now owns 5,502 shares of the business services provider’s stock worth $135,000 after purchasing an additional 1,266 shares in the last quarter. Vanguard Group Inc. grew its position in Interpublic Group of Companies, Inc. (The) by 6.4% in the 1st quarter. Vanguard Group Inc. now owns 39,548,092 shares of the business services provider’s stock worth $971,696,000 after purchasing an additional 2,396,037 shares in the last quarter. Finally, Geode Capital Management LLC grew its position in Interpublic Group of Companies, Inc. (The) by 9.3% in the 1st quarter. Geode Capital Management LLC now owns 3,910,514 shares of the business services provider’s stock worth $95,948,000 after purchasing an additional 333,709 shares in the last quarter. 97.77% of the stock is owned by institutional investors and hedge funds.

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).

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

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