Interpublic Group of Companies (IPG) Upgraded at TheStreet

TheStreet upgraded shares of Interpublic Group of Companies (NYSE:IPG) from a c+ rating to a b- rating in a research note published on Monday morning.

A number of other equities research analysts have also issued reports on IPG. Morgan Stanley reissued a hold rating on shares of Interpublic Group of Companies in a research note on Monday, October 16th. Pivotal Research reissued a buy rating and set a $23.00 target price on shares of Interpublic Group of Companies in a research note on Tuesday, October 24th. Wells Fargo & Co reissued a buy rating on shares of Interpublic Group of Companies in a research note on Tuesday, October 24th. Royal Bank of Canada reissued a hold rating on shares of Interpublic Group of Companies in a research note on Wednesday, October 25th. Finally, BMO Capital Markets decreased their target price on shares of Interpublic Group of Companies from $26.00 to $25.00 and set an outperform rating for the company in a research note on Thursday, October 26th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have given a buy rating to the company’s stock. The company has a consensus rating of Hold and a consensus target price of $25.79.

Interpublic Group of Companies (IPG) opened at $24.49 on Monday. 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 quick ratio of 0.93 and a current ratio of 0.93. The firm has a market cap of $9,520.00, a P/E ratio of 30.23, a price-to-earnings-growth ratio of 2.26 and a beta of 1.45.

Interpublic Group of Companies (NYSE:IPG) last posted its quarterly earnings data on Wednesday, February 14th. The business services provider reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.77 by $0.02. The firm had revenue of $2.34 billion for the quarter, compared to analysts’ expectations of $2.30 billion. Interpublic Group of Companies had a net margin of 7.43% and a return on equity of 27.38%. The company’s quarterly revenue was up 3.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.81 EPS. equities analysts anticipate that Interpublic Group of Companies will post 1.39 earnings per share for the current year.

Several hedge funds have recently added to or reduced their stakes in IPG. Thrivent Financial For Lutherans lifted its stake in shares of Interpublic Group of Companies by 2.6% in the 2nd quarter. Thrivent Financial For Lutherans now owns 14,867 shares of the business services provider’s stock valued at $366,000 after purchasing an additional 380 shares during the last quarter. QS Investors LLC lifted its stake in shares of Interpublic Group of Companies by 54.5% in the 2nd quarter. QS Investors LLC now owns 11,622 shares of the business services provider’s stock valued at $286,000 after purchasing an additional 4,100 shares during the last quarter. Cubist Systematic Strategies LLC lifted its stake in shares of 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 during the last quarter. Ameritas Investment Partners Inc. lifted its stake in shares of 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 during the last quarter. Finally, Verition Fund Management LLC lifted its stake in shares of Interpublic Group of Companies by 101.2% in the 2nd quarter. Verition Fund Management LLC now owns 21,341 shares of the business services provider’s stock valued at $525,000 after purchasing an additional 10,736 shares during the last quarter. 96.55% of the stock is owned by institutional investors and hedge funds.

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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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