News articles about Interpublic Group of Companies (NYSE:IPG) have been trending positive this week, Accern reports. The research firm identifies negative and positive news coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Interpublic Group of Companies earned a coverage optimism score of 0.46 on Accern’s scale. Accern also assigned media stories about the business services provider an impact score of 46.8019669049107 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Here are some of the media stories that may have effected Accern Sentiment’s analysis:
- Interpublic Group of Companies Inc (IPG) Given Average Recommendation of “Hold” by Analysts (americanbankingnews.com)
- The Manufacturers Life Insurance Company Buys 37,399 Shares of Interpublic Group of Companies Inc (IPG) (americanbankingnews.com)
- Interpublic Group of Companies Inc (IPG) Position Cut by Fort L.P. (americanbankingnews.com)
- Bank of New York Mellon Corp Acquires 193,561 Shares of Interpublic Group of Companies Inc (IPG) (americanbankingnews.com)
- MRM//McCann Promotes Subu Desaraju to Lead Expanded N.A. Performance Analytics Practice (finance.yahoo.com)
Shares of Interpublic Group of Companies (NYSE:IPG) traded down $0.72 during mid-day trading on Tuesday, hitting $23.78. The company’s stock had a trading volume of 5,841,091 shares, compared to its average volume of 6,470,000. The firm has a market cap of $9,240.00, a P/E ratio of 17.36, a PEG ratio of 2.06 and a beta of 1.45. Interpublic Group of Companies has a 52-week low of $18.30 and a 52-week high of $26.01. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.93 and a current ratio of 0.93.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Thursday, March 1st will be issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.53%. The ex-dividend date of this dividend is Wednesday, February 28th. This is an increase from Interpublic Group of Companies’s previous quarterly dividend of $0.18. Interpublic Group of Companies’s dividend payout ratio (DPR) is currently 52.55%.
Interpublic Group of Companies announced that its Board of Directors has authorized a share buyback plan on Wednesday, February 14th that allows the company to repurchase $300.00 million in outstanding shares. This repurchase authorization allows the business services provider to buy shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s board believes its stock is undervalued.
IPG has been the topic of a number of analyst reports. TheStreet raised Interpublic Group of Companies from a “c+” rating to a “b-” rating in a research report on Monday, February 12th. Zacks Investment Research raised Interpublic Group of Companies from a “hold” rating to a “buy” rating and set a $25.00 price target on the stock in a research report on Tuesday, February 13th. Pivotal Research reissued a “buy” rating and set a $26.00 price target on shares of Interpublic Group of Companies in a research report on Tuesday, January 23rd. Morgan Stanley increased their price target on Interpublic Group of Companies to $23.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 31st. Finally, Wells Fargo & Co reissued a “hold” rating on shares of Interpublic Group of Companies in a research report on Wednesday, February 14th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have given a buy rating to the company’s stock. Interpublic Group of Companies currently has an average rating of “Hold” and an average target price of $26.07.
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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).
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