Analysts Set Interpublic Group of Companies Inc (NYSE:IPG) Target Price at $25.20

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Shares of Interpublic Group of Companies Inc (NYSE:IPG) have been assigned a consensus rating of “Hold” from the eight analysts that are currently covering the stock, Marketbeat Ratings reports. Five analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $25.20.

A number of analysts recently commented on the company. TheStreet upgraded Interpublic Group of Companies from a “c+” rating to a “b-” rating in a research report on Tuesday, November 12th. ValuEngine upgraded Interpublic Group of Companies from a “sell” rating to a “hold” rating in a report on Monday, October 7th. Wells Fargo & Co began coverage on Interpublic Group of Companies in a report on Monday, September 23rd. They issued a “market perform” rating and a $23.00 price target for the company. Finally, BMO Capital Markets lowered their price target on Interpublic Group of Companies from $28.00 to $27.00 and set an “outperform” rating for the company in a report on Wednesday, July 24th.

In other Interpublic Group of Companies news, Director H John Greeniaus sold 10,000 shares of Interpublic Group of Companies stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $22.00, for a total value of $220,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Michael Isor Roth sold 100,314 shares of Interpublic Group of Companies stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of $22.04, for a total value of $2,210,920.56. The disclosure for this sale can be found here. Insiders sold a total of 121,004 shares of company stock valued at $2,668,559 in the last 90 days. 1.09% of the stock is owned by company insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Raymond James Trust N.A. grew its holdings in shares of Interpublic Group of Companies by 2.2% during the 2nd quarter. Raymond James Trust N.A. now owns 22,075 shares of the business services provider’s stock worth $499,000 after purchasing an additional 471 shares during the period. State of Michigan Retirement System grew its holdings in shares of Interpublic Group of Companies by 0.5% during the 3rd quarter. State of Michigan Retirement System now owns 93,129 shares of the business services provider’s stock worth $2,008,000 after purchasing an additional 500 shares during the period. BancorpSouth Bank grew its holdings in shares of Interpublic Group of Companies by 2.6% during the 2nd quarter. BancorpSouth Bank now owns 20,219 shares of the business services provider’s stock worth $457,000 after purchasing an additional 506 shares during the period. Securian Asset Management Inc grew its holdings in shares of Interpublic Group of Companies by 1.3% during the 2nd quarter. Securian Asset Management Inc now owns 39,854 shares of the business services provider’s stock worth $900,000 after purchasing an additional 521 shares during the period. Finally, World Asset Management Inc grew its holdings in shares of Interpublic Group of Companies by 2.1% during the 3rd quarter. World Asset Management Inc now owns 26,618 shares of the business services provider’s stock worth $574,000 after purchasing an additional 554 shares during the period. Institutional investors own 97.84% of the company’s stock.

Interpublic Group of Companies stock traded up $0.05 during midday trading on Thursday, reaching $22.41. 1,255,345 shares of the company were exchanged, compared to its average volume of 3,708,043. The company has a market capitalization of $8.66 billion, a price-to-earnings ratio of 12.05, a P/E/G ratio of 2.44 and a beta of 1.10. The firm’s 50-day simple moving average is $21.47 and its 200-day simple moving average is $21.77. Interpublic Group of Companies has a 1 year low of $19.56 and a 1 year high of $24.48. The company has a debt-to-equity ratio of 1.92, a quick ratio of 0.95 and a current ratio of 0.95.

Interpublic Group of Companies (NYSE:IPG) last posted its quarterly earnings data on Tuesday, October 22nd. The business services provider reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.02. The firm had revenue of $2.06 billion during the quarter, compared to analysts’ expectations of $2.06 billion. Interpublic Group of Companies had a return on equity of 31.19% and a net margin of 6.42%. The firm’s quarterly revenue was up 8.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.49 EPS. On average, analysts forecast that Interpublic Group of Companies will post 1.89 EPS for the current fiscal year.

Interpublic Group of Companies Company Profile

The Interpublic Group of Companies, Inc provides advertising and marketing services worldwide. The company operates through two segments, Integrated Agency Networks and Constituency Management Group. It offers consumer advertising, digital marketing, communications planning and media buying, public relations, and specialized communications disciplines.

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

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