Press coverage about Interpublic Group of Companies (NYSE:IPG) has been trending positive recently, Accern reports. The research firm rates the sentiment of media coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Interpublic Group of Companies earned a media sentiment score of 0.46 on Accern’s scale. Accern also gave news coverage about the business services provider an impact score of 45.7605758398005 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Here are some of the news articles that may have effected Accern Sentiment Analysis’s rankings:
A number of analysts have weighed in on the company. Pivotal Research reaffirmed a “hold” rating and set a $26.00 price objective on shares of Interpublic Group of Companies in a research report on Monday, February 19th. Macquarie raised Interpublic Group of Companies from an “underperform” rating to a “neutral” rating and set a $24.00 price objective for the company in a research report on Friday, February 16th. Wells Fargo reissued a “hold” rating on shares of Interpublic Group of Companies in a research note on Wednesday, February 14th. Jefferies Group reissued a “neutral” rating on shares of Interpublic Group of Companies in a research note on Thursday, February 15th. Finally, BMO Capital Markets increased their target price 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 analyst has rated the stock with a sell rating, ten have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $25.85.
Shares of IPG stock traded down $0.14 during trading hours on Friday, reaching $23.15. 3,475,070 shares of the company’s stock were exchanged, compared to its average volume of 4,945,055. The company has a market cap of $8,900.48, a price-to-earnings ratio of 16.42, a price-to-earnings-growth ratio of 2.04 and a beta of 1.31. Interpublic Group of Companies has a 1 year low of $18.30 and a 1 year high of $26.01. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.58.
Interpublic Group of Companies (NYSE:IPG) last issued its earnings results on Wednesday, February 14th. The business services provider reported $0.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 business had revenue of $2.34 billion during the quarter, compared to the consensus estimate of $2.30 billion. During the same period in the prior year, the business posted $0.81 EPS. The company’s revenue for the quarter was up 3.4% on a year-over-year basis. equities analysts forecast that Interpublic Group of Companies will post 1.7 earnings per share for the current fiscal year.
Interpublic Group of Companies declared that its board has authorized a stock repurchase plan on Wednesday, February 14th that permits the company to repurchase $300.00 million in shares. This repurchase authorization permits the business services provider to purchase shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.
The company 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 is an increase from Interpublic Group of Companies’s previous quarterly dividend of $0.18. This represents a $0.84 annualized dividend and a yield of 3.63%. The ex-dividend date of this dividend was Wednesday, February 28th. Interpublic Group of Companies’s dividend payout ratio (DPR) is presently 59.57%.
In related news, CAO Christopher F. Carroll sold 21,000 shares of the firm’s 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Andrew Bonzani sold 28,627 shares of the firm’s stock in a transaction that occurred on Thursday, March 1st. The shares were sold at an average price of $23.46, for a total value of $671,589.42. The disclosure for this sale can be found here. Insiders sold a total of 448,258 shares of company stock valued at $10,563,009 over the last ninety days. 1.49% of the stock is currently owned by company insiders.
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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).
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