Interpublic Group of Companies Inc (IPG) Receives $25.50 Average PT from Brokerages

Shares of Interpublic Group of Companies Inc (NYSE:IPG) have earned an average recommendation of “Hold” from the fifteen ratings firms that are currently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and six have given a buy recommendation to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $25.50.

IPG has been the subject of a number of recent research reports. Zacks Investment Research upgraded shares of Interpublic Group of Companies from a “hold” rating to a “buy” rating and set a $26.00 price objective for the company in a research note on Tuesday, September 25th. Citigroup lifted their price objective on shares of Interpublic Group of Companies from $27.00 to $28.00 and gave the company a “buy” rating in a research note on Friday, October 19th. Morgan Stanley reiterated an “equal weight” rating and issued a $24.00 price objective on shares of Interpublic Group of Companies in a research note on Monday, October 15th. ValuEngine upgraded shares of Interpublic Group of Companies from a “sell” rating to a “hold” rating in a research report on Wednesday, August 15th. Finally, BMO Capital Markets boosted their price target on shares of Interpublic Group of Companies from $27.00 to $28.00 and gave the company an “outperform” rating in a research report on Wednesday, October 24th.

In other news, Director Jocelyn Carter-Miller sold 8,735 shares of Interpublic Group of Companies stock in a transaction on Monday, November 5th. The shares were sold at an average price of $23.24, for a total transaction of $203,001.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director H John Greeniaus sold 5,000 shares of Interpublic Group of Companies stock in a transaction on Wednesday, October 31st. The stock was sold at an average price of $23.50, for a total transaction of $117,500.00. The disclosure for this sale can be found here. Insiders have sold a total of 63,735 shares of company stock valued at $1,443,501 over the last 90 days. Company insiders own 1.32% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Ariel Investments LLC lifted its holdings in shares of Interpublic Group of Companies by 0.4% during the 2nd quarter. Ariel Investments LLC now owns 7,706,271 shares of the business services provider’s stock worth $180,635,000 after acquiring an additional 28,507 shares during the last quarter. Cubist Systematic Strategies LLC lifted its holdings in shares of Interpublic Group of Companies by 237.7% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 53,363 shares of the business services provider’s stock worth $1,251,000 after acquiring an additional 37,563 shares during the last quarter. BNP Paribas Arbitrage SA lifted its holdings in shares of Interpublic Group of Companies by 84.8% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 627,148 shares of the business services provider’s stock worth $14,700,000 after acquiring an additional 287,774 shares during the last quarter. Exane Derivatives lifted its holdings in shares of Interpublic Group of Companies by 36.9% during the 3rd quarter. Exane Derivatives now owns 138,347 shares of the business services provider’s stock worth $3,163,000 after acquiring an additional 37,260 shares during the last quarter. Finally, Redpoint Investment Management Pty Ltd lifted its holdings in shares of Interpublic Group of Companies by 104.8% during the 2nd quarter. Redpoint Investment Management Pty Ltd now owns 43,986 shares of the business services provider’s stock worth $1,031,000 after acquiring an additional 22,510 shares during the last quarter. 99.65% of the stock is owned by institutional investors.

Interpublic Group of Companies stock opened at $23.44 on Friday. 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 $8.76 billion, a P/E ratio of 16.62, a price-to-earnings-growth ratio of 1.76 and a beta of 1.07. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 1.50.

Interpublic Group of Companies (NYSE:IPG) last released its quarterly earnings data on Friday, October 19th. The business services provider reported $0.48 earnings per share for the quarter, beating analysts’ consensus estimates of $0.46 by $0.02. Interpublic Group of Companies had a net margin of 6.62% and a return on equity of 30.99%. The business had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.88 billion. During the same period in the previous year, the business earned $0.31 EPS. Interpublic Group of Companies’s revenue was up 3.5% compared to the same quarter last year. Sell-side analysts forecast that Interpublic Group of Companies will post 1.74 EPS for the current year.

About Interpublic Group of Companies

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.

Further Reading: Growth Stocks

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

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