Analysts Set Interpublic Group of Companies, Inc. (The) (NYSE:IPG) Price Target at $32.39

Interpublic Group of Companies, Inc. (The) (NYSE:IPG) has been given a consensus rating of “Hold” by the nine research firms that are presently covering the company, Marketbeat.com reports. Five equities research analysts have rated the stock with a hold recommendation and four 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 $32.3875.

A number of equities research analysts have commented on the company. UBS Group decreased their price target on Interpublic Group of Companies from $27.00 to $25.60 and set a “neutral” rating on the stock in a report on Wednesday, July 23rd. JPMorgan Chase & Co. decreased their price target on Interpublic Group of Companies from $35.00 to $33.00 and set an “overweight” rating on the stock in a report on Thursday, July 10th. Wall Street Zen raised Interpublic Group of Companies to a “hold” rating in a report on Saturday. Finally, Barclays cut Interpublic Group of Companies from an “overweight” rating to an “equal weight” rating and decreased their price target for the company from $34.00 to $27.50 in a report on Wednesday, June 25th.

Interpublic Group of Companies Stock Performance

IPG stock opened at $26.10 on Thursday. The company has a market cap of $9.56 billion, a P/E ratio of 22.12 and a beta of 1.05. Interpublic Group of Companies has a 1 year low of $22.51 and a 1 year high of $33.05. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.07 and a quick ratio of 1.07. The stock’s fifty day moving average price is $24.68 and its 200-day moving average price is $25.35.

Interpublic Group of Companies (NYSE:IPG) last released its quarterly earnings results on Tuesday, July 22nd. The business services provider reported $0.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.55 by $0.20. Interpublic Group of Companies had a return on equity of 28.72% and a net margin of 4.27%. The firm had revenue of $2.17 billion for the quarter, compared to the consensus estimate of $2.15 billion. During the same period last year, the business posted $0.61 EPS. The company’s revenue for the quarter was down 6.6% on a year-over-year basis. On average, equities analysts forecast that Interpublic Group of Companies will post 2.66 earnings per share for the current year.

Interpublic Group of Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd will be given a $0.33 dividend. The ex-dividend date is Tuesday, September 2nd. This represents a $1.32 annualized dividend and a yield of 5.1%. Interpublic Group of Companies’s dividend payout ratio (DPR) is currently 111.86%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Brooklyn Investment Group boosted its position in shares of Interpublic Group of Companies by 20.0% during the first quarter. Brooklyn Investment Group now owns 2,349 shares of the business services provider’s stock valued at $64,000 after buying an additional 391 shares during the period. Private Wealth Asset Management LLC raised its stake in Interpublic Group of Companies by 10.9% in the second quarter. Private Wealth Asset Management LLC now owns 4,060 shares of the business services provider’s stock worth $99,000 after buying an additional 400 shares in the last quarter. My Legacy Advisors LLC raised its stake in Interpublic Group of Companies by 2.5% in the second quarter. My Legacy Advisors LLC now owns 17,393 shares of the business services provider’s stock worth $435,000 after buying an additional 431 shares in the last quarter. Lynx Investment Advisory raised its stake in Interpublic Group of Companies by 4.1% in the second quarter. Lynx Investment Advisory now owns 11,429 shares of the business services provider’s stock worth $280,000 after buying an additional 452 shares in the last quarter. Finally, Prosperity Consulting Group LLC increased its position in shares of Interpublic Group of Companies by 2.3% during the fourth quarter. Prosperity Consulting Group LLC now owns 21,236 shares of the business services provider’s stock worth $595,000 after purchasing an additional 470 shares in the last quarter. Hedge funds and other institutional investors own 98.43% of the company’s stock.

Interpublic Group of Companies Company Profile

The Interpublic Group of Companies, Inc provides advertising and marketing services worldwide. It operates in three segments: Media, Data & Engagement Solutions, Integrated Advertising & Creativity Led Solutions, and Specialized Communications & Experiential Solutions. The Media, Data & Engagement Solutions segment provides media and communications services, digital services and products, advertising and marketing technology, e-commerce services, data management and analytics, strategic consulting, and digital brand experience under the IPG Mediabrands, UM, Initiative, Kinesso, Acxiom, Huge, MRM, and R/GA brand names.