Interpublic Group of Companies (IPG) Receives New Coverage from Analysts at JPMorgan Chase & Co.

Research analysts at JPMorgan Chase & Co. assumed coverage on shares of Interpublic Group of Companies (NYSE:IPG) in a research report issued on Thursday, The Fly reports. The firm set an “overweight” rating on the business services provider’s stock.

A number of other research firms have also commented on IPG. ValuEngine upgraded Interpublic Group of Companies from a “sell” rating to a “hold” rating in a research report on Friday, June 22nd. Zacks Investment Research lowered Interpublic Group of Companies from a “buy” rating to a “hold” rating in a research report on Tuesday, June 26th. Moffett Nathanson began coverage on Interpublic Group of Companies in a research report on Tuesday, June 19th. They set a “neutral” rating and a $23.00 price target on the stock. Pivotal Research decreased their price target on Interpublic Group of Companies from $25.00 to $23.00 and set a “hold” rating on the stock in a research report on Tuesday, July 3rd. Finally, Macquarie upgraded Interpublic Group of Companies from a “neutral” rating to an “outperform” rating and increased their price target for the stock from $24.00 to $25.00 in a research report on Thursday, September 20th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $25.11.

IPG stock opened at $21.43 on Thursday. Interpublic Group of Companies has a 1-year low of $18.30 and a 1-year high of $26.01. The company has a market capitalization of $8.78 billion, a PE ratio of 15.33, a P/E/G ratio of 1.73 and a beta of 1.17. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.94 and a current ratio of 0.94.

Interpublic Group of Companies (NYSE:IPG) last released its quarterly earnings data on Tuesday, July 24th. The business services provider reported $0.43 earnings per share for the quarter, meeting the consensus estimate of $0.43. The company had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.91 billion. Interpublic Group of Companies had a return on equity of 28.53% and a net margin of 6.75%. The company’s revenue was up 3.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.27 EPS. Analysts forecast that Interpublic Group of Companies will post 1.72 earnings per share for the current year.

In related news, CFO Frank Mergenthaler sold 50,000 shares of the stock in a transaction that occurred on Tuesday, August 21st. The stock was sold at an average price of $22.46, for a total transaction of $1,123,000.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 1.32% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Bank of Montreal Can boosted its position in Interpublic Group of Companies by 4.2% in the 3rd quarter. Bank of Montreal Can now owns 966,060 shares of the business services provider’s stock valued at $22,095,000 after buying an additional 39,378 shares during the last quarter. Lourd Capital LLC bought a new position in Interpublic Group of Companies in the 3rd quarter valued at $203,000. State of Alaska Department of Revenue boosted its position in Interpublic Group of Companies by 3.5% in the 3rd quarter. State of Alaska Department of Revenue now owns 92,072 shares of the business services provider’s stock valued at $2,103,000 after buying an additional 3,129 shares during the last quarter. CHURCHILL MANAGEMENT Corp boosted its position in Interpublic Group of Companies by 4.3% in the 3rd quarter. CHURCHILL MANAGEMENT Corp now owns 122,550 shares of the business services provider’s stock valued at $2,803,000 after buying an additional 5,039 shares during the last quarter. Finally, Optimum Investment Advisors boosted its position in Interpublic Group of Companies by 102.4% in the 3rd quarter. Optimum Investment Advisors now owns 38,550 shares of the business services provider’s stock valued at $882,000 after buying an additional 19,500 shares during the last quarter. Hedge funds and other institutional investors own 99.76% of the company’s stock.

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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The Fly

Analyst Recommendations for Interpublic Group of Companies (NYSE:IPG)

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