Interpublic Group of Companies Inc (IPG) Receives $26.00 Average Price Target from Analysts

Shares of Interpublic Group of Companies Inc (NYSE:IPG) have earned a consensus rating of “Hold” from the nineteen analysts that are covering the company, Marketbeat reports. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $26.00.

Several equities research analysts recently commented on the company. ValuEngine cut Interpublic Group of Companies from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Morgan Stanley raised their price target on Interpublic Group of Companies to $23.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 31st. Bank of America lowered Interpublic Group of Companies from a “neutral” rating to an “underperform” rating in a research report on Thursday, January 25th. Zacks Investment Research upgraded Interpublic Group of Companies from a “sell” rating to a “hold” rating in a research report on Wednesday, January 24th. Finally, Pivotal Research restated a “buy” rating and set a $26.00 price target on shares of Interpublic Group of Companies in a research report on Tuesday, January 23rd.

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

A number of large investors have recently added to or reduced their stakes in the stock. Franklin Resources Inc. purchased a new stake in shares of Interpublic Group of Companies during the 2nd quarter worth approximately $205,000. Bank of Stockton acquired a new stake in shares of Interpublic Group of Companies during the 4th quarter worth $219,000. Ameritas Investment Partners Inc. increased its holdings in Interpublic Group of Companies by 1.0% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 9,123 shares of the business services provider’s stock valued at $224,000 after purchasing an additional 90 shares in the last quarter. Cubist Systematic Strategies LLC increased its holdings in Interpublic Group of Companies by 98.9% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 9,589 shares of the business services provider’s stock valued at $236,000 after purchasing an additional 4,768 shares in the last quarter. Finally, 1st Global Advisors Inc. increased its holdings in Interpublic Group of Companies by 19.6% in the 2nd quarter. 1st Global Advisors Inc. now owns 9,774 shares of the business services provider’s stock valued at $240,000 after purchasing an additional 1,599 shares in the last quarter. Hedge funds and other institutional investors own 98.42% of the company’s stock.

Interpublic Group of Companies (NYSE:IPG) traded up $0.33 during trading hours on Friday, hitting $21.31. The company had a trading volume of 2,722,658 shares, compared to its average volume of 4,910,858. Interpublic Group of Companies has a 12-month low of $18.30 and a 12-month high of $25.71. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.93 and a current ratio of 0.93. The firm has a market capitalization of $8,071.40, a PE ratio of 14.85, a PEG ratio of 2.14 and a beta of 1.45.

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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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