Interpublic Group of Companies (NYSE:IPG) Upgraded to “Hold” at Wall Street Zen

Interpublic Group of Companies (NYSE:IPG) was upgraded by investment analysts at Wall Street Zen to a “hold” rating in a report issued on Saturday.

Several other research firms have also commented on IPG. UBS Group reduced their price target on Interpublic Group of Companies from $27.00 to $25.60 and set a “neutral” rating on the stock in a report on Wednesday, July 23rd. JPMorgan Chase & Co. reduced their price target on Interpublic Group of Companies from $35.00 to $33.00 and set an “overweight” rating on the stock in a report on Thursday, July 10th. Finally, Barclays lowered Interpublic Group of Companies from an “overweight” rating to an “equal weight” rating and reduced their price target for the stock from $34.00 to $27.50 in a report on Wednesday, June 25th. Six equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, Interpublic Group of Companies currently has an average rating of “Hold” and an average target price of $32.39.

Interpublic Group of Companies Trading Up 1.0%

Shares of IPG stock opened at $26.10 on Friday. The stock’s fifty day moving average is $24.68 and its two-hundred day moving average is $25.37. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.07 and a current ratio of 1.07. The firm has a market capitalization of $9.56 billion, a P/E ratio of 22.12 and a beta of 1.05. Interpublic Group of Companies has a fifty-two week low of $22.51 and a fifty-two week high of $33.05.

Interpublic Group of Companies (NYSE:IPG) last announced its quarterly earnings data on Tuesday, July 22nd. The business services provider reported $0.75 earnings per share for the quarter, beating analysts’ consensus estimates of $0.55 by $0.20. The company had revenue of $2.17 billion for the quarter, compared to analyst estimates of $2.15 billion. Interpublic Group of Companies had a return on equity of 28.72% and a net margin of 4.27%. The firm’s revenue for the quarter was down 6.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.61 EPS. Research analysts expect that Interpublic Group of Companies will post 2.66 earnings per share for the current fiscal year.

Institutional Trading of Interpublic Group of Companies

Hedge funds and other institutional investors have recently modified their holdings of the business. Sentry Investment Management LLC acquired a new stake in shares of Interpublic Group of Companies during the 1st quarter worth about $31,000. Parkside Financial Bank & Trust increased its position in shares of Interpublic Group of Companies by 72.0% during the 2nd quarter. Parkside Financial Bank & Trust now owns 1,397 shares of the business services provider’s stock worth $34,000 after purchasing an additional 585 shares during the last quarter. Raiffeisen Bank International AG acquired a new stake in shares of Interpublic Group of Companies during the 4th quarter worth about $42,000. FNY Investment Advisers LLC acquired a new stake in shares of Interpublic Group of Companies during the 1st quarter worth about $44,000. Finally, Grove Bank & Trust increased its position in shares of Interpublic Group of Companies by 1,219.5% during the 1st quarter. Grove Bank & Trust now owns 2,164 shares of the business services provider’s stock worth $59,000 after purchasing an additional 2,000 shares during the last quarter. 98.43% of the stock is owned by institutional investors and hedge funds.

About Interpublic Group of Companies

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.