Shares of The Interpublic Group of Companies, Inc. (NYSE:IPG – Get Free Report) have earned a consensus rating of “Hold” from the eight research firms that are covering the stock, Marketbeat.com reports. Five analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $35.89.
IPG has been the subject of several research reports. JPMorgan Chase & Co. cut their target price on Interpublic Group of Companies from $40.00 to $39.00 and set an “overweight” rating for the company in a research note on Friday, October 6th. Morgan Stanley dropped their price objective on Interpublic Group of Companies from $35.00 to $33.00 and set an “equal weight” rating for the company in a research note on Monday, October 23rd. Citigroup dropped their price objective on Interpublic Group of Companies from $43.00 to $40.00 and set a “buy” rating for the company in a research note on Monday, October 23rd. Macquarie dropped their price objective on Interpublic Group of Companies from $36.00 to $30.00 in a research note on Tuesday, October 10th. Finally, Barclays dropped their price objective on Interpublic Group of Companies from $38.26 to $35.00 and set an “equal weight” rating for the company in a research note on Monday, October 23rd.
Hedge Funds Weigh In On Interpublic Group of Companies
Interpublic Group of Companies Stock Down 1.2 %
Shares of IPG opened at $28.63 on Friday. The firm has a market cap of $10.97 billion, a P/E ratio of 11.93, a P/E/G ratio of 1.88 and a beta of 1.17. The stock has a 50 day simple moving average of $29.58 and a two-hundred day simple moving average of $34.05. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.04 and a quick ratio of 1.04. Interpublic Group of Companies has a 1 year low of $27.20 and a 1 year high of $40.95.
Interpublic Group of Companies (NYSE:IPG – Get Free Report) last issued its earnings results on Friday, October 20th. The business services provider reported $0.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.73 by ($0.03). The firm had revenue of $2.68 billion during the quarter, compared to analysts’ expectations of $2.39 billion. Interpublic Group of Companies had a return on equity of 29.72% and a net margin of 8.59%. The firm’s quarterly revenue was up 16.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.63 EPS. On average, analysts forecast that Interpublic Group of Companies will post 2.97 earnings per share for the current fiscal year.
Interpublic Group of Companies Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be issued a dividend of $0.31 per share. The ex-dividend date is Thursday, November 30th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 4.33%. Interpublic Group of Companies’s dividend payout ratio is presently 51.67%.
Interpublic Group of Companies Company Profile
The Interpublic Group of Companies, Inc provides advertising and marketing services worldwide. It operates in three segments: Media, Data & Engagement Solutions, Integrated Advertising & Creativity Led Solutions, and Specialized Communications & Experiential Solutions. The Media, Data & Engagement Solutions segment provides media and communications services, digital services and products, advertising and marketing technology, e-commerce services, data management and analytics, strategic consulting, and digital brand experience under the IPG Mediabrands, UM, Initiative, Kinesso, Acxiom, Huge, MRM, and R/GA brand names.
- Five stocks we like better than Interpublic Group of Companies
- High Dividend REITs: Are They an Ideal Way to Diversify?
- Will Eli Lilly’s Zepbound be the next big weight-loss drug?
- What is the Shanghai Stock Exchange Composite Index?
- Interest rates propel insurers’ earnings to new highs
- Do ETFs Pay Dividends? What You Need to Know
- Is Etsy crafting support to end its five-month bearish trend?
Receive News & Ratings for Interpublic Group of Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Interpublic Group of Companies and related companies with MarketBeat.com's FREE daily email newsletter.