The Interpublic Group of Companies, Inc. (NYSE:IPG) Given Average Recommendation of “Hold” by Analysts

The Interpublic Group of Companies, Inc. (NYSE:IPGGet Rating) has earned a consensus recommendation of “Hold” from the eleven research firms that are currently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $39.90.

IPG has been the topic of a number of research reports. StockNews.com began coverage on Interpublic Group of Companies in a report on Thursday, March 31st. They issued a “hold” rating on the stock. Barclays lowered shares of Interpublic Group of Companies from an “overweight” rating to an “equal weight” rating and lowered their price target for the stock from $47.00 to $42.00 in a research report on Monday, March 14th. Argus raised shares of Interpublic Group of Companies from a “hold” rating to a “buy” rating and set a $41.00 price objective for the company in a report on Monday, March 21st. Morgan Stanley lifted their price target on shares of Interpublic Group of Companies from $38.00 to $40.00 and gave the company an “equal weight” rating in a research report on Friday, February 11th. Finally, Bank of America downgraded Interpublic Group of Companies from a “neutral” rating to an “underperform” rating and set a $32.00 price target on the stock. in a research report on Thursday, January 27th.

Shares of Interpublic Group of Companies stock opened at $31.62 on Friday. The firm has a market cap of $12.45 billion, a price-to-earnings ratio of 12.35, a price-to-earnings-growth ratio of 2.57 and a beta of 0.99. Interpublic Group of Companies has a one year low of $27.67 and a one year high of $39.98. The stock’s 50-day moving average is $33.88 and its 200-day moving average is $35.25. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.04 and a quick ratio of 1.04.

Interpublic Group of Companies (NYSE:IPGGet Rating) last released its quarterly earnings results on Thursday, April 28th. The business services provider reported $0.47 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.07. Interpublic Group of Companies had a net margin of 9.67% and a return on equity of 31.10%. The firm had revenue of $2.23 billion for the quarter, compared to analysts’ expectations of $2.17 billion. During the same period in the prior year, the firm earned $0.45 EPS. The business’s revenue was up 9.8% on a year-over-year basis. On average, equities analysts expect that Interpublic Group of Companies will post 2.72 EPS for the current year.

Interpublic Group of Companies declared that its Board of Directors has authorized a stock buyback plan on Thursday, February 10th that authorizes the company to repurchase $400.00 million in shares. This repurchase authorization authorizes the business services provider to repurchase up to 2.8% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board believes its shares are undervalued.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 21st. Shareholders of record on Monday, June 6th will be paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.67%. Interpublic Group of Companies’s dividend payout ratio (DPR) is 45.31%.

In related news, Director Dawn E. Hudson sold 18,376 shares of the firm’s stock in a transaction dated Monday, May 9th. The stock was sold at an average price of $32.45, for a total transaction of $596,301.20. Following the transaction, the director now directly owns 32,880 shares of the company’s stock, valued at approximately $1,066,956. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Andrew Bonzani sold 34,195 shares of the company’s stock in a transaction that occurred on Tuesday, March 1st. The stock was sold at an average price of $35.51, for a total value of $1,214,264.45. The disclosure for this sale can be found here. Insiders sold 101,094 shares of company stock valued at $3,534,689 over the last 90 days. 0.33% of the stock is owned by company insiders.

A number of large investors have recently modified their holdings of the stock. L.M. Kohn & Company purchased a new stake in Interpublic Group of Companies during the first quarter valued at about $512,000. Advisory Services Network LLC grew its position in Interpublic Group of Companies by 47.2% during the 1st quarter. Advisory Services Network LLC now owns 8,642 shares of the business services provider’s stock worth $307,000 after acquiring an additional 2,771 shares during the last quarter. The Manufacturers Life Insurance Company increased its stake in Interpublic Group of Companies by 2.8% in the 1st quarter. The Manufacturers Life Insurance Company now owns 304,551 shares of the business services provider’s stock worth $10,796,000 after purchasing an additional 8,263 shares during the period. Toroso Investments LLC lifted its position in Interpublic Group of Companies by 13.6% in the first quarter. Toroso Investments LLC now owns 25,866 shares of the business services provider’s stock valued at $917,000 after purchasing an additional 3,100 shares during the last quarter. Finally, Worldquant Millennium Advisors LLC purchased a new stake in shares of Interpublic Group of Companies during the first quarter valued at approximately $4,106,000. Institutional investors own 99.68% of the company’s stock.

About Interpublic Group of Companies (Get Rating)

The Interpublic Group of Companies, Inc provides advertising and marketing services worldwide. It operates in two segments, Integrated Agency Networks (IAN) and IPG DXTRA. The company offers consumer advertising, digital marketing, communications planning and media buying, public relations, and specialized communications disciplines, as well as data science services.

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

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