Interpublic Group of Companies, Inc. (The) (NYSE:IPG) Stock Rating Reaffirmed by BMO Capital Markets

BMO Capital Markets reaffirmed their buy rating on shares of Interpublic Group of Companies, Inc. (The) (NYSE:IPG) in a research report sent to investors on Wednesday, September 13th. BMO Capital Markets currently has a $26.00 target price on the business services provider’s stock.

Other research analysts also recently issued reports about the stock. Zacks Investment Research raised shares of Interpublic Group of Companies, Inc. (The) from a hold rating to a buy rating and set a $27.00 price objective on the stock in a research report on Thursday, June 22nd. Royal Bank Of Canada set a $29.00 price objective on shares of Interpublic Group of Companies, Inc. (The) and gave the company a buy rating in a research report on Monday, June 12th. Jefferies Group LLC reaffirmed a buy rating and set a $27.00 price objective on shares of Interpublic Group of Companies, Inc. (The) in a research report on Monday, May 22nd. Telsey Advisory Group lowered their price objective on shares of Interpublic Group of Companies, Inc. (The) from $29.00 to $27.00 and set an outperform rating on the stock in a research report on Wednesday, July 26th. Finally, BidaskClub downgraded shares of Interpublic Group of Companies, Inc. (The) from a buy rating to a hold rating in a research report on Monday, July 31st. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and ten have issued a buy rating to the company. The stock presently has an average rating of Hold and an average target price of $26.00.

Shares of Interpublic Group of Companies, Inc. (NYSE IPG) traded up 2.06% during trading on Wednesday, hitting $21.28. 6,239,521 shares of the company’s stock were exchanged. The firm has a market capitalization of $8.37 billion, a PE ratio of 15.32 and a beta of 1.53. The stock’s 50 day moving average is $20.57 and its 200 day moving average is $23.40. Interpublic Group of Companies, Inc. has a 1-year low of $19.57 and a 1-year high of $25.71.

Interpublic Group of Companies, Inc. (The) (NYSE:IPG) last announced 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). Interpublic Group of Companies, Inc. (The) had a net margin of 7.19% and a return on equity of 27.72%. The company had revenue of $1.88 billion for the quarter, compared to analysts’ expectations of $1.95 billion. During the same period in the previous year, the firm posted $0.33 earnings per share. The business’s revenue for the quarter was down 1.7% on a year-over-year basis. On average, equities research analysts forecast that Interpublic Group of Companies, Inc. will post $1.43 earnings per share for the current year.

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The business also recently announced a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Friday, September 1st were paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 3.38%. The ex-dividend date of this dividend was Wednesday, August 30th. Interpublic Group of Companies, Inc. (The)’s payout ratio is currently 51.80%.

In related news, SVP Ellen Tobi Johnson sold 20,000 shares of the company’s stock in a transaction on Monday, August 21st. The shares were sold at an average price of $20.50, for a total transaction of $410,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.49% of the stock is owned by corporate insiders.

A number of large investors have recently added to or reduced their stakes in IPG. Nationwide Fund Advisors raised its stake in Interpublic Group of Companies, Inc. (The) by 1.9% during the 1st quarter. Nationwide Fund Advisors now owns 111,130 shares of the business services provider’s stock valued at $2,730,000 after purchasing an additional 2,028 shares during the last quarter. Russell Investments Group Ltd. raised its stake in Interpublic Group of Companies, Inc. (The) by 41.4% during the 1st quarter. Russell Investments Group Ltd. now owns 228,110 shares of the business services provider’s stock valued at $5,605,000 after purchasing an additional 66,756 shares during the last quarter. DUPONT CAPITAL MANAGEMENT Corp acquired a new position in Interpublic Group of Companies, Inc. (The) during the 1st quarter valued at $209,000. Commerzbank Aktiengesellschaft FI raised its stake in Interpublic Group of Companies, Inc. (The) by 8.3% during the 1st quarter. Commerzbank Aktiengesellschaft FI now owns 9,736 shares of the business services provider’s stock valued at $239,000 after purchasing an additional 746 shares during the last quarter. Finally, First Trust Advisors LP raised its stake in Interpublic Group of Companies, Inc. (The) by 99.0% during the 1st quarter. First Trust Advisors LP now owns 631,005 shares of the business services provider’s stock valued at $15,504,000 after purchasing an additional 313,964 shares during the last quarter. Hedge funds and other institutional investors own 97.91% 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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