The Interpublic Group of Companies, Inc. (NYSE:IPG) Receives Consensus Rating of “Hold” 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 Ratings 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.

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

Shares of Interpublic Group of Companies stock opened at $31.62 on Friday. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.82. The firm has a market cap of $12.45 billion, a P/E ratio of 12.35, a P/E/G ratio of 2.57 and a beta of 0.99. The stock’s fifty day moving average price is $33.88 and its 200-day moving average price is $35.25. Interpublic Group of Companies has a 12 month low of $27.67 and a 12 month high of $39.98.

Interpublic Group of Companies (NYSE:IPGGet Rating) last posted its quarterly earnings data on Thursday, April 28th. The business services provider reported $0.47 EPS for the quarter, topping 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 during the quarter, compared to analyst estimates of $2.17 billion. During the same quarter in the previous year, the business posted $0.45 EPS. Interpublic Group of Companies’s revenue was up 9.8% on a year-over-year basis. Analysts forecast that Interpublic Group of Companies will post 2.72 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 21st. Stockholders of record on Monday, June 6th will be given 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 presently 45.31%.

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

In other Interpublic Group of Companies news, EVP Andrew Bonzani sold 34,195 shares of the business’s stock in a transaction dated Tuesday, March 1st. The shares were sold at an average price of $35.51, for a total value of $1,214,264.45. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Ellen Tobi Johnson sold 4,222 shares of the firm’s stock in a transaction that occurred on Tuesday, March 1st. The stock was sold at an average price of $35.71, for a total transaction of $150,767.62. The disclosure for this sale can be found here. In the last three months, insiders have sold 101,094 shares of company stock worth $3,534,689. Corporate insiders own 0.33% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Disciplined Investments LLC acquired a new stake in shares of Interpublic Group of Companies during the fourth quarter valued at about $25,000. Core Alternative Capital acquired a new stake in Interpublic Group of Companies in the 4th quarter valued at approximately $25,000. Tcwp LLC purchased a new stake in Interpublic Group of Companies in the first quarter valued at approximately $32,000. Eaton Vance Management lifted its stake in Interpublic Group of Companies by 6.2% during the third quarter. Eaton Vance Management now owns 10,109 shares of the business services provider’s stock worth $39,000 after purchasing an additional 590 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC boosted its position in shares of Interpublic Group of Companies by 252.6% during the first quarter. Steward Partners Investment Advisory LLC now owns 1,206 shares of the business services provider’s stock worth $43,000 after buying an additional 864 shares during the period. 99.68% of the stock is currently owned by institutional investors.

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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