Interpublic Group of Companies (IPG) Downgraded by Macquarie

Macquarie cut shares of Interpublic Group of Companies (NYSE:IPG) from a neutral rating to an underperform rating in a report published on Tuesday, MarketBeat.com reports.

IPG has been the topic of a number of other reports. Credit Suisse Group set a $26.00 target price on shares of Interpublic Group of Companies and gave the stock a buy rating in a research note on Wednesday, October 11th. Argus downgraded shares of Interpublic Group of Companies from a buy rating to a hold rating and set a $27.00 target price on the stock. in a research note on Tuesday, October 31st. Royal Bank of Canada reaffirmed a hold rating on shares of Interpublic Group of Companies in a research note on Friday, September 29th. Zacks Investment Research downgraded shares of Interpublic Group of Companies from a buy rating to a hold rating in a research note on Thursday, October 12th. Finally, Pivotal Research reaffirmed a buy rating and set a $23.00 target price on shares of Interpublic Group of Companies in a research note on Tuesday, October 24th. Four research analysts have rated the stock with a sell rating, five have assigned a hold rating and nine have given a buy rating to the stock. The stock currently has a consensus rating of Hold and an average price target of $25.77.

Shares of Interpublic Group of Companies (NYSE IPG) traded up $0.41 during mid-day trading on Tuesday, reaching $20.17. 4,165,500 shares of the company’s stock were exchanged, compared to its average volume of 5,209,567. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.63. Interpublic Group of Companies has a one year low of $18.30 and a one year high of $25.71. The stock has a market capitalization of $7,800.00, a P/E ratio of 24.90, a PEG ratio of 1.19 and a beta of 1.47.

Interpublic Group of Companies (NYSE:IPG) last issued its earnings results on Tuesday, October 24th. The business services provider reported $0.31 EPS for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.02). Interpublic Group of Companies had a return on equity of 27.38% and a net margin of 7.43%. The firm had revenue of $1.90 billion for the quarter, compared to analysts’ expectations of $1.96 billion. During the same period last year, the firm earned $0.31 earnings per share. Interpublic Group of Companies’s revenue for the quarter was down 1.0% on a year-over-year basis. analysts anticipate that Interpublic Group of Companies will post 1.39 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Friday, December 1st were paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.57%. The ex-dividend date of this dividend was Thursday, November 30th. Interpublic Group of Companies’s dividend payout ratio (DPR) is 88.89%.

In other news, Director H John Greeniaus sold 43,479 shares of the business’s stock in a transaction that occurred on Friday, November 10th. The shares were sold at an average price of $19.00, for a total value of $826,101.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 1.49% of the stock is currently owned by insiders.

Several institutional investors have recently added to or reduced their stakes in IPG. Acrospire Investment Management LLC grew its holdings in shares of Interpublic Group of Companies by 755.0% in the second quarter. Acrospire Investment Management LLC now owns 4,506 shares of the business services provider’s stock valued at $111,000 after purchasing an additional 3,979 shares in the last quarter. Capstone Investment Advisors Netherlands B.V. grew its holdings in shares of Interpublic Group of Companies by 35.6% in the second quarter. Capstone Investment Advisors Netherlands B.V. now owns 4,775 shares of the business services provider’s stock valued at $117,000 after purchasing an additional 1,254 shares in the last quarter. Franklin Resources Inc. acquired a new position in shares of Interpublic Group of Companies in the second quarter valued at approximately $205,000. Pacer Advisors Inc. grew its holdings in shares of Interpublic Group of Companies by 8.1% in the second quarter. Pacer Advisors Inc. now owns 8,368 shares of the business services provider’s stock valued at $206,000 after purchasing an additional 624 shares in the last quarter. Finally, Ameritas Investment Partners Inc. grew its holdings in shares of Interpublic Group of Companies by 1.0% in the second quarter. Ameritas Investment Partners Inc. now owns 9,123 shares of the business services provider’s stock valued at $224,000 after purchasing an additional 90 shares in the last quarter. 99.83% of the stock is currently owned by institutional investors and hedge funds.

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Interpublic Group of Companies Company Profile

The Interpublic Group of Companies, Inc is a global advertising and marketing services company. The Company specializes in consumer advertising, digital marketing, communications planning and media buying, public relations and specialized communications disciplines. It operates in two segments: Integrated Agency Networks (IAN) and Constituency Management Group (CMG).

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

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