The Interpublic Group of Companies, Inc. (NYSE:IPG) Receives $39.90 Consensus Target Price from Analysts

The Interpublic Group of Companies, Inc. (NYSE:IPGGet Rating) has been given a consensus recommendation of “Hold” by the eleven brokerages that are covering the firm, Marketbeat reports. One analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and five have given a buy recommendation to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $39.90.

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

Shares of IPG opened at $31.62 on Friday. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.04 and a current ratio of 1.04. The company has a 50 day moving average price of $33.88 and a 200-day moving average price of $35.25. Interpublic Group of Companies has a fifty-two week low of $27.67 and a fifty-two week high of $39.98. The stock has a market capitalization of $12.45 billion, a PE ratio of 12.35, a PEG ratio of 2.57 and a beta of 0.99.

Interpublic Group of Companies (NYSE:IPGGet Rating) last issued its quarterly earnings data on Thursday, April 28th. The business services provider reported $0.47 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.07. The company had revenue of $2.23 billion during the quarter, compared to the consensus estimate of $2.17 billion. Interpublic Group of Companies had a net margin of 9.67% and a return on equity of 31.10%. Interpublic Group of Companies’s revenue for the quarter was up 9.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.45 earnings per share. Equities research analysts forecast that Interpublic Group of Companies will post 2.72 EPS for the current year.

Interpublic Group of Companies announced that its Board of Directors has approved a share repurchase program on Thursday, February 10th that authorizes the company to repurchase $400.00 million in outstanding shares. This repurchase authorization authorizes the business services provider to buy up to 2.8% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s leadership believes its shares are undervalued.

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

In other news, EVP Andrew Bonzani sold 34,195 shares of the firm’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 transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Dawn E. Hudson sold 18,376 shares of the business’s stock in a transaction that occurred on Monday, May 9th. The stock was sold at an average price of $32.45, for a total value of $596,301.20. Following the sale, the director now owns 32,880 shares of the company’s stock, valued at $1,066,956. 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 three months. 0.33% of the stock is currently owned by corporate insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Disciplined Investments LLC acquired a new stake in shares of Interpublic Group of Companies in the fourth quarter valued at approximately $25,000. Core Alternative Capital purchased a new stake in Interpublic Group of Companies in the 4th quarter valued at $25,000. Tcwp LLC acquired a new stake in shares of Interpublic Group of Companies in the 1st quarter worth $32,000. Eaton Vance Management boosted its position in shares of Interpublic Group of Companies by 6.2% during the 3rd quarter. Eaton Vance Management now owns 10,109 shares of the business services provider’s stock valued at $39,000 after acquiring an additional 590 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC grew its holdings in shares of Interpublic Group of Companies by 252.6% in the first quarter. Steward Partners Investment Advisory LLC now owns 1,206 shares of the business services provider’s stock valued at $43,000 after purchasing an additional 864 shares during the period. 99.68% of the stock is currently owned by institutional investors and hedge funds.

Interpublic Group of Companies Company Profile (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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