Interpublic Group of Companies, Inc. (The) (NYSE:IPG) Given Consensus Rating of “Hold” by Brokerages

Shares of Interpublic Group of Companies, Inc. (The) (NYSE:IPG) have earned an average recommendation of “Hold” from the eight ratings firms that are presently covering the company, MarketBeat reports. Five research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $31.82.

Several research firms have recently weighed in on IPG. Barclays dropped their target price on shares of Interpublic Group of Companies from $28.00 to $27.50 and set an “equal weight” rating for the company in a research report on Wednesday, November 12th. Zacks Research lowered Interpublic Group of Companies from a “strong-buy” rating to a “hold” rating in a report on Monday, October 13th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Interpublic Group of Companies in a report on Monday, November 24th.

Interpublic Group of Companies Stock Performance

Interpublic Group of Companies stock opened at $24.63 on Wednesday. Interpublic Group of Companies has a 52 week low of $22.51 and a 52 week high of $33.05. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.78. The stock has a market cap of $8.95 billion, a P/E ratio of 20.87 and a beta of 1.12. The stock has a 50 day moving average of $25.52 and a 200-day moving average of $25.40.

Hedge Funds Weigh In On Interpublic Group of Companies

Hedge funds have recently added to or reduced their stakes in the business. Mirabella Financial Services LLP raised its holdings in shares of Interpublic Group of Companies by 7.6% during the third quarter. Mirabella Financial Services LLP now owns 21,594 shares of the business services provider’s stock worth $603,000 after purchasing an additional 1,531 shares during the period. Allworth Financial LP raised its stake in Interpublic Group of Companies by 42.7% during the third quarter. Allworth Financial LP now owns 2,188 shares of the business services provider’s stock worth $61,000 after acquiring an additional 655 shares during the period. Groupama Asset Managment bought a new position in Interpublic Group of Companies in the third quarter worth about $1,348,000. Polar Asset Management Partners Inc. boosted its stake in Interpublic Group of Companies by 7.4% in the third quarter. Polar Asset Management Partners Inc. now owns 650,000 shares of the business services provider’s stock valued at $18,142,000 after acquiring an additional 45,000 shares during the period. Finally, CIBC Private Wealth Group LLC grew its holdings in shares of Interpublic Group of Companies by 50.6% during the third quarter. CIBC Private Wealth Group LLC now owns 8,324 shares of the business services provider’s stock valued at $232,000 after purchasing an additional 2,795 shares during the last quarter. Institutional investors and hedge funds 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.