The Interpublic Group of Companies, Inc. (NYSE:IPG) Receives Average Recommendation of “Hold” from Analysts

Shares of The Interpublic Group of Companies, Inc. (NYSE:IPG – Get Rating) have received an average recommendation of “Hold” from the thirteen ratings firms that are currently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and six have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $40.50.

A number of brokerages have recently issued reports on IPG. BNP Paribas cut shares of Interpublic Group of Companies from an “outperform” rating to a “neutral” rating and set a $40.00 target price for the company. in a research report on Wednesday, March 29th. Citigroup boosted their target price on shares of Interpublic Group of Companies from $39.00 to $45.00 and gave the company a “buy” rating in a research report on Tuesday, February 14th. Moffett Nathanson cut shares of Interpublic Group of Companies from an “outperform” rating to a “market perform” rating and boosted their target price for the company from $36.00 to $37.00 in a research report on Friday, February 10th. Barclays dropped their price target on Interpublic Group of Companies from $42.00 to $40.00 in a research note on Friday, April 28th. Finally, Bank of America raised Interpublic Group of Companies from a “neutral” rating to a “buy” rating and boosted their price target for the company from $38.00 to $40.00 in a research note on Thursday, March 30th.

Insider Activity

In other news, EVP Andrew Bonzani sold 38,885 shares of the company’s stock in a transaction that occurred on Wednesday, March 1st. The stock was sold at an average price of $35.61, for a total value of $1,384,694.85. Following the completion of the transaction, the executive vice president now directly owns 111,769 shares of the company’s stock, valued at $3,980,094.09. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Interpublic Group of Companies news, CAO Christopher F. Carroll sold 16,507 shares of the stock in a transaction on Wednesday, March 1st. The stock was sold at an average price of $35.54, for a total transaction of $586,658.78. Following the completion of the transaction, the chief accounting officer now directly owns 55,406 shares of the company’s stock, valued at $1,969,129.24. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Andrew Bonzani sold 38,885 shares of the stock in a transaction on Wednesday, March 1st. The shares were sold at an average price of $35.61, for a total value of $1,384,694.85. Following the transaction, the executive vice president now directly owns 111,769 shares of the company’s stock, valued at $3,980,094.09. The disclosure for this sale can be found here. Insiders sold a total of 91,779 shares of company stock valued at $3,250,936 over the last three months. Corporate insiders own 0.33% of the company’s stock.

Hedge Funds Weigh In On Interpublic Group of Companies

Several institutional investors and hedge funds have recently bought and sold shares of the company. Compass Wealth Management LLC bought a new position in shares of Interpublic Group of Companies in the fourth quarter worth $25,000. Sargent Bickham Lagudis LLC purchased a new stake in shares of Interpublic Group of Companies in the fourth quarter worth $30,000. Ten Capital Wealth Advisors LLC purchased a new stake in shares of Interpublic Group of Companies in the third quarter worth $31,000. Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. raised its position in shares of Interpublic Group of Companies by 1,550.0% in the fourth quarter. Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. now owns 990 shares of the business services provider’s stock worth $33,000 after buying an additional 930 shares in the last quarter. Finally, HHM Wealth Advisors LLC purchased a new stake in shares of Interpublic Group of Companies in the first quarter worth $33,000. 96.75% of the stock is owned by institutional investors.

Interpublic Group of Companies Trading Up 1.1 %

IPG stock opened at $36.26 on Friday. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.03 and a quick ratio of 1.03. The company has a fifty day moving average price of $35.93 and a two-hundred day moving average price of $34.80. Interpublic Group of Companies has a one year low of $25.14 and a one year high of $39.52. The stock has a market cap of $14.00 billion, a price-to-earnings ratio of 15.70, a price-to-earnings-growth ratio of 1.59 and a beta of 1.12.

Interpublic Group of Companies (NYSE:IPG – Get Rating) last released its quarterly earnings data on Thursday, April 27th. The business services provider reported $0.38 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.07. Interpublic Group of Companies had a net margin of 8.31% and a return on equity of 29.28%. The firm had revenue of $2.52 billion during the quarter, compared to analysts’ expectations of $2.19 billion. During the same period in the previous year, the business posted $0.47 earnings per share. The company’s revenue for the quarter was down 1.8% compared to the same quarter last year. Equities analysts anticipate that Interpublic Group of Companies will post 2.9 EPS for the current year.

Interpublic Group of Companies Company Profile

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Interpublic Group of Cos., Inc engages in the provision of marketing, communications, and business transformation services. It operates through the following segments: Media, Data, and Engagement Solutions, Integrated Advertising and Creativity Led Solutions, and Specialized Communications and Experiential Solutions.