Interpublic Group of Companies (IPG) PT Lowered to $25.00 at Pivotal Research

Interpublic Group of Companies (NYSE:IPG) had its target price decreased by Pivotal Research from $26.00 to $25.00 in a report released on Tuesday morning, MarketBeat reports. Pivotal Research currently has a hold rating on the business services provider’s stock.

A number of other equities research analysts have also commented on the company. Atlantic Securities upgraded Interpublic Group of Companies from an underweight rating to a neutral rating in a research report on Friday, March 2nd. Macquarie raised Interpublic Group of Companies from an underperform rating to a neutral rating and set a $24.00 price target for the company in a research note on Friday, February 16th. Royal Bank of Canada reaffirmed a hold rating and set a $26.00 price target on shares of Interpublic Group of Companies in a research note on Thursday, February 15th. Jefferies Group reaffirmed a neutral rating on shares of Interpublic Group of Companies in a research note on Thursday, February 15th. Finally, BMO Capital Markets raised their price target on Interpublic Group of Companies from $25.00 to $27.00 and gave the stock an outperform rating in a research note on Thursday, February 15th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and seven have given a buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus price target of $25.85.

How to Become a New Pot Stock Millionaire

Shares of NYSE IPG opened at $23.15 on Tuesday. Interpublic Group of Companies has a one year low of $18.30 and a one year high of $26.01. The stock has a market cap of $8,954.30, a price-to-earnings ratio of 16.42, a price-to-earnings-growth ratio of 2.05 and a beta of 1.31. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.97 and a quick ratio of 0.97.

Interpublic Group of Companies (NYSE:IPG) last announced its quarterly earnings data on Wednesday, February 14th. The business services provider reported $0.79 EPS for the quarter, topping the Zacks’ consensus estimate of $0.77 by $0.02. Interpublic Group of Companies had a return on equity of 27.07% and a net margin of 7.35%. The firm had revenue of $2.34 billion during the quarter, compared to analyst estimates of $2.30 billion. During the same period last year, the company posted $0.81 EPS. The business’s quarterly revenue was up 3.4% compared to the same quarter last year. equities analysts expect that Interpublic Group of Companies will post 1.7 EPS for the current year.

Interpublic Group of Companies declared that its Board of Directors has authorized a share buyback plan on Wednesday, February 14th that authorizes the company to repurchase $300.00 million in outstanding shares. This repurchase authorization authorizes the business services provider to purchase shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company’s board believes its shares are undervalued.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 15th. Investors of record on Thursday, March 1st were paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.63%. This is an increase from Interpublic Group of Companies’s previous quarterly dividend of $0.18. The ex-dividend date was Wednesday, February 28th. Interpublic Group of Companies’s dividend payout ratio (DPR) is presently 59.57%.

In other Interpublic Group of Companies news, CAO Christopher F. Carroll sold 21,000 shares of Interpublic Group of Companies stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $23.62, for a total value of $496,020.00. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Michael Isor Roth sold 188,732 shares of Interpublic Group of Companies stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $23.59, for a total value of $4,452,187.88. The disclosure for this sale can be found here. Insiders sold a total of 448,258 shares of company stock worth $10,563,009 over the last three months. 1.49% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of IPG. Pzena Investment Management LLC increased its position in Interpublic Group of Companies by 99.2% in the 4th quarter. Pzena Investment Management LLC now owns 17,855,163 shares of the business services provider’s stock worth $359,960,000 after buying an additional 8,890,439 shares during the period. BlackRock Inc. grew its holdings in shares of Interpublic Group of Companies by 12.8% during the 4th quarter. BlackRock Inc. now owns 39,906,603 shares of the business services provider’s stock worth $804,517,000 after purchasing an additional 4,539,905 shares in the last quarter. Neuberger Berman Group LLC grew its holdings in shares of Interpublic Group of Companies by 9,649.2% during the 3rd quarter. Neuberger Berman Group LLC now owns 2,442,846 shares of the business services provider’s stock worth $50,787,000 after purchasing an additional 2,417,789 shares in the last quarter. Wells Fargo & Company MN grew its holdings in shares of Interpublic Group of Companies by 32.7% during the 4th quarter. Wells Fargo & Company MN now owns 9,620,910 shares of the business services provider’s stock worth $193,957,000 after purchasing an additional 2,370,784 shares in the last quarter. Finally, Amundi Pioneer Asset Management Inc. grew its holdings in shares of Interpublic Group of Companies by 119.0% during the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 4,179,701 shares of the business services provider’s stock worth $84,262,000 after purchasing an additional 2,270,953 shares in the last quarter. 99.49% of the stock is currently owned by institutional investors.

WARNING: This article was originally posted by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are accessing this article on another publication, it was copied illegally and reposted in violation of US and international copyright & trademark laws. The correct version of this article can be viewed at https://www.dispatchtribunal.com/2018/04/07/interpublic-group-of-companies-ipg-pt-lowered-to-25-00-at-pivotal-research.html.

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)

Receive News & Ratings for Interpublic Group of Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Interpublic Group of Companies and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply