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

Interpublic Group of Companies, Inc. (The) (NYSE:IPG) has earned an average rating of “Hold” from the seven analysts that are presently covering the company, Marketbeat Ratings reports. Five analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $30.2750.

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

Interpublic Group of Companies Trading Down 1.7%

Shares of IPG opened at $24.63 on Friday. Interpublic Group of Companies has a twelve month low of $22.51 and a twelve month 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 firm has a market capitalization of $8.95 billion, a P/E ratio of 20.87 and a beta of 1.12. The firm’s 50-day moving average is $24.80 and its two-hundred day moving average is $25.55.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Private Wealth Asset Management LLC lifted its stake in Interpublic Group of Companies by 10.9% in 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 buying an additional 400 shares in the last quarter. My Legacy Advisors LLC raised its holdings in shares of 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 acquiring an additional 431 shares during the last quarter. Sei Investments Co. lifted its position in shares of Interpublic Group of Companies by 1.0% in the third quarter. Sei Investments Co. now owns 44,052 shares of the business services provider’s stock valued at $1,230,000 after acquiring an additional 436 shares in the last quarter. Caitlin John LLC boosted its stake in shares of Interpublic Group of Companies by 4.5% during the third quarter. Caitlin John LLC now owns 10,371 shares of the business services provider’s stock valued at $289,000 after acquiring an additional 448 shares during the last quarter. Finally, Lynx Investment Advisory increased its position in Interpublic Group of Companies by 4.1% during the 2nd 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. 98.43% of the stock is owned by hedge funds and other institutional investors.

Interpublic Group of Companies Company Profile

Interpublic Group of Companies (NYSE: IPG) is a leading global provider of marketing solutions and communications services. Through its portfolio of agencies and specialized networks, IPG delivers a broad spectrum of services, including advertising, digital marketing, media planning and buying, public relations, branding, and data analytics. Its creative agencies develop integrated campaigns that span television, print, social media, mobile, experiential and other emerging channels, while its media networks leverage proprietary tools and strategic partnerships to optimize audience targeting and performance.

Since its formation in 1961 as one of the first marketing services holding companies, Interpublic has expanded through strategic acquisitions and organic growth to become one of the so-called “Big Four” advertising conglomerates.