BMO Capital Markets Reiterates Buy Rating for Interpublic Group of Companies, Inc. (The) (IPG)

Interpublic Group of Companies, Inc. (The) (NYSE:IPG)‘s stock had its “buy” rating restated by equities researchers at BMO Capital Markets in a report issued on Wednesday. They currently have a $26.00 target price on the business services provider’s stock. BMO Capital Markets’ price target indicates a potential upside of 28.81% from the company’s current price.

Several other equities analysts have also issued reports on IPG. Jefferies Group LLC reissued a “buy” rating and issued a $27.00 price target on shares of Interpublic Group of Companies, Inc. (The) in a research note on Monday, May 22nd. Macquarie lowered Interpublic Group of Companies, Inc. (The) from an “outperform” rating to a “neutral” rating and dropped their price target for the company from $28.00 to $24.00 in a research note on Tuesday, June 6th. Royal Bank Of Canada set a $29.00 price target on Interpublic Group of Companies, Inc. (The) and gave the company a “buy” rating in a research note on Monday, June 12th. Zacks Investment Research lowered Interpublic Group of Companies, Inc. (The) from a “buy” rating to a “hold” rating in a research note on Wednesday, June 21st. Finally, BidaskClub raised Interpublic Group of Companies, Inc. (The) from a “hold” rating to a “buy” rating in a research note on Thursday, June 29th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and eleven have issued a buy rating to the company’s stock. Interpublic Group of Companies, Inc. (The) presently has a consensus rating of “Hold” and an average price target of $26.07.

Shares of Interpublic Group of Companies, Inc. (NYSE:IPG) opened at 20.18 on Wednesday. Interpublic Group of Companies, Inc. has a 1-year low of $19.57 and a 1-year high of $25.71. The company’s 50-day moving average price is $20.70 and its 200-day moving average price is $23.50. The company has a market capitalization of $7.94 billion, a PE ratio of 14.53 and a beta of 1.53.

Interpublic Group of Companies, Inc. (The) (NYSE:IPG) last posted its quarterly earnings data on Tuesday, July 25th. The business services provider reported $0.27 EPS for the quarter, missing the Zacks’ consensus estimate of $0.34 by ($0.07). The company had revenue of $1.88 billion during the quarter, compared to analyst estimates of $1.95 billion. Interpublic Group of Companies, Inc. (The) had a return on equity of 27.72% and a net margin of 7.19%. Interpublic Group of Companies, Inc. (The)’s revenue was down 1.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.33 earnings per share. On average, equities analysts expect that Interpublic Group of Companies, Inc. will post $1.43 earnings per share for the current fiscal year.

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In other news, SVP Julie Connors sold 5,854 shares of the business’s stock in a transaction that occurred on Thursday, June 22nd. The stock was sold at an average price of $24.26, for a total transaction of $142,018.04. Following the completion of the sale, the senior vice president now owns 10,592 shares in the company, valued at $256,961.92. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Ellen Tobi Johnson sold 20,000 shares of the business’s stock in a transaction that occurred on Monday, August 21st. The shares were sold at an average price of $20.50, for a total value of $410,000.00. The disclosure for this sale can be found here. Insiders own 1.49% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Sentry Investment Management LLC increased its holdings in shares of Interpublic Group of Companies, Inc. (The) by 1.1% during the second quarter. Sentry Investment Management LLC now owns 21,099 shares of the business services provider’s stock valued at $519,000 after acquiring an additional 225 shares in the last quarter. Toronto Dominion Bank increased its holdings in shares of Interpublic Group of Companies, Inc. (The) by 23.1% during the second quarter. Toronto Dominion Bank now owns 149,878 shares of the business services provider’s stock valued at $3,687,000 after acquiring an additional 28,120 shares in the last quarter. Oak Associates Ltd. OH increased its holdings in shares of Interpublic Group of Companies, Inc. (The) by 18.1% during the second quarter. Oak Associates Ltd. OH now owns 183,650 shares of the business services provider’s stock valued at $4,518,000 after acquiring an additional 28,155 shares in the last quarter. 1st Global Advisors Inc. increased its holdings in shares of Interpublic Group of Companies, Inc. (The) by 19.6% during the second quarter. 1st Global Advisors Inc. now owns 9,774 shares of the business services provider’s stock valued at $240,000 after acquiring an additional 1,599 shares in the last quarter. Finally, Verition Fund Management LLC increased its holdings in shares of Interpublic Group of Companies, Inc. (The) by 101.2% during the second quarter. Verition Fund Management LLC now owns 21,341 shares of the business services provider’s stock valued at $525,000 after acquiring an additional 10,736 shares in the last quarter. Hedge funds and other institutional investors own 98.01% of the company’s stock.

Interpublic Group of Companies, Inc. (The) 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, Inc. (The) (NYSE:IPG)




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