Weiss Ratings Reaffirms “Hold (C)” Rating for Interpublic Group of Companies (NYSE:IPG)

Interpublic Group of Companies (NYSE:IPG)‘s stock had its “hold (c)” rating reissued by equities research analysts at Weiss Ratings in a research note issued to investors on Saturday,Weiss Ratings reports.

IPG has been the subject of a number of other research reports. Barclays boosted their price objective on shares of Interpublic Group of Companies from $27.50 to $28.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 7th. Wall Street Zen upgraded shares of Interpublic Group of Companies to a “hold” rating in a research note on Saturday, August 16th. UBS Group decreased their target price on shares of Interpublic Group of Companies from $27.00 to $25.60 and set a “neutral” rating on the stock in a research report on Wednesday, July 23rd. Zacks Research cut shares of Interpublic Group of Companies from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 13th. Finally, JPMorgan Chase & Co. dropped their target price on Interpublic Group of Companies from $35.00 to $33.00 and set an “overweight” rating for the company in a research report on Thursday, July 10th. Three equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $32.27.

Interpublic Group of Companies Price Performance

Shares of IPG opened at $27.04 on Friday. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.78. Interpublic Group of Companies has a twelve month low of $22.51 and a twelve month high of $33.05. The company has a market capitalization of $9.90 billion, a P/E ratio of 22.91 and a beta of 1.09. The firm has a 50 day moving average of $26.63 and a 200 day moving average of $25.30.

Institutional Investors Weigh In On Interpublic Group of Companies

Institutional investors have recently bought and sold shares of the company. Brooklyn Investment Group raised its holdings in shares of Interpublic Group of Companies by 20.0% in the first quarter. Brooklyn Investment Group now owns 2,349 shares of the business services provider’s stock worth $64,000 after buying an additional 391 shares during the last quarter. Private Wealth Asset Management LLC grew its position in shares of Interpublic Group of Companies by 10.9% during the 2nd quarter. Private Wealth Asset Management LLC now owns 4,060 shares of the business services provider’s stock valued at $99,000 after acquiring an additional 400 shares during the period. My Legacy Advisors LLC grew its position in shares of Interpublic Group of Companies by 2.5% during the 2nd quarter. My Legacy Advisors LLC now owns 17,393 shares of the business services provider’s stock valued at $435,000 after acquiring an additional 431 shares during the period. Lynx Investment Advisory increased its stake in shares of Interpublic Group of Companies by 4.1% during the second quarter. Lynx Investment Advisory now owns 11,429 shares of the business services provider’s stock worth $280,000 after purchasing an additional 452 shares in the last quarter. Finally, Yousif Capital Management LLC increased its stake in shares of Interpublic Group of Companies by 0.9% during the second quarter. Yousif Capital Management LLC now owns 51,519 shares of the business services provider’s stock worth $1,261,000 after purchasing an additional 471 shares in the last quarter. 98.43% of the stock is currently owned by institutional investors and hedge funds.

About Interpublic Group of Companies

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.