WPP (NYSE:WPP) Rating Lowered to Hold at StockNews.com

WPP (NYSE:WPP – Get Rating) was downgraded by investment analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.

A number of other equities research analysts have also recently commented on the stock. Barclays upgraded shares of WPP from an “equal weight” rating to an “overweight” rating in a report on Tuesday, January 31st. Credit Suisse Group upgraded shares of WPP from a “neutral” rating to an “outperform” rating in a report on Wednesday, February 22nd. Finally, Morgan Stanley reduced their price objective on shares of WPP from GBX 770 ($9.58) to GBX 760 ($9.45) in a report on Tuesday, January 31st. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $1,001.29.

WPP Trading Down 0.9 %

NYSE:WPP opened at $53.35 on Wednesday. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.91. The stock has a market capitalization of $11.43 billion, a price-to-earnings ratio of 7.75, a PEG ratio of 2.14 and a beta of 1.35. The firm has a fifty day simple moving average of $57.20 and a two-hundred day simple moving average of $58.52. WPP has a 12 month low of $39.67 and a 12 month high of $64.07.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in WPP. Raymond James Financial Services Advisors Inc. lifted its position in shares of WPP by 3.6% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 27,982 shares of the business services provider’s stock valued at $1,832,000 after purchasing an additional 963 shares in the last quarter. American Century Companies Inc. raised its position in WPP by 67.6% in the first quarter. American Century Companies Inc. now owns 14,658 shares of the business services provider’s stock worth $960,000 after acquiring an additional 5,913 shares during the period. Citigroup Inc. raised its position in WPP by 12.4% in the first quarter. Citigroup Inc. now owns 6,060 shares of the business services provider’s stock worth $397,000 after acquiring an additional 668 shares during the period. Sei Investments Co. raised its position in WPP by 9.8% in the first quarter. Sei Investments Co. now owns 3,811 shares of the business services provider’s stock worth $250,000 after acquiring an additional 340 shares during the period. Finally, Mariner LLC raised its position in WPP by 12.3% in the first quarter. Mariner LLC now owns 17,421 shares of the business services provider’s stock worth $1,140,000 after acquiring an additional 1,909 shares during the period. 3.79% of the stock is owned by institutional investors.

WPP Company Profile

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WPP Plc is a creative transformation company, which engages in the provision of communications services. It operates through the following segments: Global Integrated Agencies, Public Relations, and Specialist Agencies. The Global Integrated Agencies segment offers creative services including advertising, marketing, and brand strategies and campaigns across all media.