Zacks Investment Research lowered shares of Interpublic Group of Companies (NYSE:IPG) from a buy rating to a hold rating in a research report released on Tuesday morning.
According to Zacks, “Interpublic’s digital capabilities, diversified business model and geographic reach offer a distinctive competitive advantage. Interpublic continues to look for strategic investments and buyouts to expand in high-growth regions and key world markets. The company’s efforts in reducing costs, continuous margin improvement, encouraging balance sheet and better capital structure should improve its profitability. Interpublic also outperformed the industry in the six three months. However, Interpublic is likely to be stifled by the renegotiated deals and restrictions imposed on trade with other European Union members post the Brexit referendum, lowering its productivity. Stiff competition and concentration risks act as other major headwinds.”
IPG has been the subject of a number of other reports. Atlantic Securities raised shares of Interpublic Group of Companies from an underweight rating to a neutral rating in a research note on Friday, March 2nd. Pivotal Research reduced their price objective on shares of Interpublic Group of Companies from $26.00 to $25.00 and set a hold rating for the company in a research note on Tuesday, April 3rd. Wells Fargo & Co reissued a hold rating and issued a $26.00 price objective on shares of Interpublic Group of Companies in a research note on Monday, April 30th. ValuEngine raised shares of Interpublic Group of Companies from a sell rating to a hold rating in a research note on Friday, June 22nd. Finally, Moffett Nathanson started coverage on shares of Interpublic Group of Companies in a research note on Tuesday, June 19th. They set a neutral rating and a $23.00 target price for the company. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and four have issued a buy rating to the company’s stock. The stock presently has an average rating of Hold and an average target price of $25.50.
Shares of Interpublic Group of Companies opened at $23.44 on Tuesday, according to Marketbeat.com. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.95 and a quick ratio of 0.95. The firm has a market capitalization of $9.14 billion, a PE ratio of 16.94, a PEG ratio of 1.85 and a beta of 1.28. Interpublic Group of Companies has a 1 year low of $18.30 and a 1 year high of $26.01.
Interpublic Group of Companies (NYSE:IPG) last announced its quarterly earnings data on Friday, April 27th. The business services provider reported $0.03 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.05 by ($0.02). The firm had revenue of $1.77 billion during the quarter, compared to analysts’ expectations of $1.82 billion. Interpublic Group of Companies had a return on equity of 26.05% and a net margin of 6.55%. The business’s revenue for the quarter was up 5.9% on a year-over-year basis. During the same period last year, the company earned $0.05 earnings per share. research analysts predict that Interpublic Group of Companies will post 1.74 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Monday, June 18th. Investors of record on Monday, June 4th were paid a dividend of $0.21 per share. The ex-dividend date was Friday, June 1st. This represents a $0.84 annualized dividend and a yield of 3.58%. Interpublic Group of Companies’s payout ratio is 59.57%.
In other Interpublic Group of Companies news, Director Mary Guilfoile sold 8,392 shares of Interpublic Group of Companies stock in a transaction on Thursday, May 17th. The shares were sold at an average price of $24.04, for a total value of $201,743.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director H John Greeniaus sold 33,573 shares of Interpublic Group of Companies stock in a transaction on Thursday, May 10th. The stock was sold at an average price of $24.15, for a total transaction of $810,787.95. The disclosure for this sale can be found here. Company insiders own 1.49% of the company’s stock.
Several large investors have recently modified their holdings of IPG. Signaturefd LLC purchased a new position in shares of Interpublic Group of Companies in the 1st quarter worth $110,000. NYL Investors LLC purchased a new position in shares of Interpublic Group of Companies in the 1st quarter worth $175,000. Chicago Equity Partners LLC purchased a new position in shares of Interpublic Group of Companies in the 1st quarter worth $200,000. MML Investors Services LLC purchased a new position in shares of Interpublic Group of Companies in the 4th quarter worth $201,000. Finally, Zeke Capital Advisors LLC purchased a new position in shares of Interpublic Group of Companies in the 1st quarter worth $201,000. 99.51% of the stock is owned by institutional investors and hedge funds.
Interpublic Group of Companies Company Profile
The Interpublic Group of Companies, Inc provides advertising and marketing services worldwide. The company operates through two segments, Integrated Agency Networks and Constituency Management Group. It offers consumer advertising, digital marketing, communications planning and media buying, public relations, and specialized communications disciplines.
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