The Interpublic Group of Companies, Inc. (NYSE:IPG) Receives $33.00 Average PT from Analysts

The Interpublic Group of Companies, Inc. (NYSE:IPG) has received a consensus rating of “Hold” from the eight brokerages that are covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $33.00.

A number of analysts have commented on IPG shares. JPMorgan Chase & Co. lowered their target price on shares of Interpublic Group of Companies from $37.00 to $36.00 and set an “overweight” rating for the company in a report on Friday, July 12th. Barclays dropped their price objective on Interpublic Group of Companies from $35.00 to $34.00 and set an “equal weight” rating for the company in a report on Thursday, July 25th. UBS Group cut Interpublic Group of Companies from a “neutral” rating to a “sell” rating and reduced their target price for the stock from $34.00 to $29.00 in a report on Thursday, September 12th. Macquarie lowered their price target on Interpublic Group of Companies from $33.00 to $31.00 and set a “neutral” rating for the company in a research note on Thursday, July 25th. Finally, Bank of America reduced their price objective on shares of Interpublic Group of Companies from $36.00 to $35.00 and set a “buy” rating on the stock in a research note on Thursday, September 5th.

Institutional Investors Weigh In On Interpublic Group of Companies

Several large investors have recently made changes to their positions in the stock. Benjamin Edwards Inc. boosted its stake in Interpublic Group of Companies by 73.8% in the 2nd quarter. Benjamin Edwards Inc. now owns 883 shares of the business services provider’s stock worth $26,000 after purchasing an additional 375 shares during the period. Voisard Asset Management Group Inc. acquired a new position in shares of Interpublic Group of Companies during the fourth quarter worth about $31,000. Hazlett Burt & Watson Inc. grew its holdings in shares of Interpublic Group of Companies by 652.2% during the second quarter. Hazlett Burt & Watson Inc. now owns 1,038 shares of the business services provider’s stock worth $30,000 after buying an additional 900 shares in the last quarter. International Assets Investment Management LLC acquired a new stake in Interpublic Group of Companies in the 2nd quarter valued at approximately $32,000. Finally, EverSource Wealth Advisors LLC lifted its stake in Interpublic Group of Companies by 52.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,177 shares of the business services provider’s stock valued at $38,000 after acquiring an additional 405 shares in the last quarter. Institutional investors own 98.43% of the company’s stock.

Interpublic Group of Companies Price Performance

Interpublic Group of Companies stock opened at $31.62 on Monday. The business’s 50-day simple moving average is $31.14 and its 200 day simple moving average is $30.91. The company has a quick ratio of 1.06, a current ratio of 1.07 and a debt-to-equity ratio of 0.75. The stock has a market cap of $11.93 billion, a price-to-earnings ratio of 11.25, a P/E/G ratio of 5.23 and a beta of 1.10. Interpublic Group of Companies has a 12-month low of $27.20 and a 12-month high of $35.17.

Interpublic Group of Companies (NYSE:IPG) last issued its earnings results on Wednesday, July 24th. The business services provider reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.59 by $0.02. The company had revenue of $2.71 billion for the quarter, compared to analyst estimates of $2.33 billion. Interpublic Group of Companies had a net margin of 9.46% and a return on equity of 27.98%. The company’s revenue for the quarter was up 1.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.74 EPS. As a group, research analysts anticipate that Interpublic Group of Companies will post 2.82 earnings per share for the current year.

Interpublic Group of Companies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 17th. Shareholders of record on Tuesday, September 3rd were paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 4.17%. The ex-dividend date was Tuesday, September 3rd. Interpublic Group of Companies’s payout ratio is currently 46.98%.

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.