Macquarie Lowers Interpublic Group of Companies (IPG) to Underperform

Macquarie downgraded shares of Interpublic Group of Companies (NYSE:IPG) from a neutral rating to an underperform rating in a research report released on Tuesday, January 2nd, MarketBeat reports.

Several other research analysts also recently commented on IPG. Royal Bank of Canada reaffirmed a hold rating on shares of Interpublic Group of Companies in a research note on Friday, September 29th. Pivotal Research reissued a buy rating and set a $23.00 price objective on shares of Interpublic Group of Companies in a research report on Tuesday, October 24th. Zacks Investment Research raised shares of Interpublic Group of Companies from a sell rating to a hold rating in a research report on Tuesday, September 26th. BMO Capital Markets reissued a buy rating and set a $26.00 price objective on shares of Interpublic Group of Companies in a research report on Wednesday, September 13th. Finally, Morgan Stanley reissued a hold rating on shares of Interpublic Group of Companies in a research report on Monday, October 16th. Four investment analysts have rated the stock with a sell rating, five have assigned a hold rating and nine have issued a buy rating to the stock. The stock has a consensus rating of Hold and an average price target of $25.77.

Interpublic Group of Companies (IPG) traded up $0.56 during mid-day trading on Tuesday, hitting $21.46. 7,296,700 shares of the company’s stock traded hands, compared to its average volume of 5,227,388. The stock has a market capitalization of $8,340.00, a P/E ratio of 26.49, a PEG ratio of 1.22 and a beta of 1.47. Interpublic Group of Companies has a 52-week low of $18.30 and a 52-week high of $25.71. 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 issued its earnings results on Tuesday, October 24th. The business services provider reported $0.31 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.02). Interpublic Group of Companies had a return on equity of 29.35% and a net margin of 7.87%. The firm had revenue of $1.90 billion during the quarter, compared to analysts’ expectations of $1.96 billion. During the same period in the previous year, the firm earned $0.31 earnings per share. The firm’s quarterly revenue was down 1.0% compared to the same quarter last year. equities analysts forecast that Interpublic Group of Companies will post 1.39 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Friday, December 1st were given a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 3.36%. The ex-dividend date was Thursday, November 30th. Interpublic Group of Companies’s dividend payout ratio (DPR) is 88.89%.

In other Interpublic Group of Companies news, Director H John Greeniaus sold 43,479 shares of the business’s stock in a transaction dated Friday, November 10th. The stock was sold at an average price of $19.00, for a total value of $826,101.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.49% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in IPG. Schwab Charles Investment Management Inc. increased its position in shares of Interpublic Group of Companies by 2.7% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 1,763,270 shares of the business services provider’s stock valued at $43,377,000 after purchasing an additional 46,136 shares during the last quarter. Prudential Financial Inc. increased its holdings in Interpublic Group of Companies by 1.3% in the 2nd quarter. Prudential Financial Inc. now owns 559,942 shares of the business services provider’s stock worth $13,775,000 after acquiring an additional 6,963 shares in the last quarter. Pacer Advisors Inc. increased its holdings in Interpublic Group of Companies by 8.1% in the 2nd quarter. Pacer Advisors Inc. now owns 8,368 shares of the business services provider’s stock worth $206,000 after acquiring an additional 624 shares in the last quarter. Neuberger Berman Group LLC increased its holdings in Interpublic Group of Companies by 16.6% in the 2nd quarter. Neuberger Berman Group LLC now owns 25,057 shares of the business services provider’s stock worth $616,000 after acquiring an additional 3,576 shares in the last quarter. Finally, Principal Financial Group Inc. increased its holdings in Interpublic Group of Companies by 10.9% in the 2nd quarter. Principal Financial Group Inc. now owns 1,064,305 shares of the business services provider’s stock worth $26,181,000 after acquiring an additional 104,416 shares in the last quarter. 99.78% of the stock is owned by hedge funds and other institutional investors.

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About Interpublic Group of Companies

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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