Barclays Boosts Interpublic Group of Companies (NYSE:IPG) Price Target to $36.00

Interpublic Group of Companies (NYSE:IPGGet Free Report) had its target price raised by research analysts at Barclays from $35.00 to $36.00 in a note issued to investors on Monday, Benzinga reports. The firm currently has an “equal weight” rating on the business services provider’s stock. Barclays‘s price objective suggests a potential upside of 8.21% from the company’s previous close.

Several other equities research analysts also recently commented on IPG. UBS Group assumed coverage on shares of Interpublic Group of Companies in a report on Thursday, January 11th. They set a “neutral” rating and a $36.00 price objective on the stock. StockNews.com raised shares of Interpublic Group of Companies from a “sell” rating to a “hold” rating in a report on Tuesday, October 24th. JPMorgan Chase & Co. dropped their price objective on shares of Interpublic Group of Companies from $40.00 to $39.00 and set an “overweight” rating on the stock in a report on Friday, October 6th. Citigroup dropped their price objective on shares of Interpublic Group of Companies from $43.00 to $40.00 and set a “buy” rating on the stock in a report on Monday, October 23rd. Finally, Morgan Stanley dropped their price objective on shares of Interpublic Group of Companies from $35.00 to $33.00 and set an “equal weight” rating on the stock in a report on Monday, October 23rd. Seven investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $36.00.

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Interpublic Group of Companies Trading Down 0.4 %

NYSE IPG opened at $33.27 on Monday. Interpublic Group of Companies has a one year low of $27.20 and a one year high of $40.95. The business’s fifty day moving average is $31.99 and its 200-day moving average is $31.46. The stock has a market capitalization of $12.74 billion, a price-to-earnings ratio of 13.86, a PEG ratio of 1.79 and a beta of 1.15. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.04 and a quick ratio of 1.04.

Institutional Trading of Interpublic Group of Companies

A number of institutional investors have recently made changes to their positions in IPG. Cambridge Investment Research Advisors Inc. boosted its stake in shares of Interpublic Group of Companies by 14.5% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 23,035 shares of the business services provider’s stock valued at $817,000 after purchasing an additional 2,915 shares during the period. Cetera Advisor Networks LLC purchased a new stake in Interpublic Group of Companies in the first quarter worth $243,000. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in Interpublic Group of Companies in the first quarter worth $133,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in Interpublic Group of Companies by 6.6% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 52,667 shares of the business services provider’s stock worth $1,867,000 after acquiring an additional 3,244 shares during the period. Finally, Yousif Capital Management LLC lifted its stake in Interpublic Group of Companies by 1.0% in the first quarter. Yousif Capital Management LLC now owns 63,184 shares of the business services provider’s stock worth $2,240,000 after acquiring an additional 595 shares during the period. Hedge funds and other institutional investors own 98.43% of the company’s stock.

Interpublic Group of Companies Company Profile

(Get Free Report)

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.

Further Reading

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

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