Interpublic Group of Companies Inc (NYSE:IPG) Receives Consensus Rating of “Hold” from Analysts

Shares of Interpublic Group of Companies Inc (NYSE:IPG) have been assigned a consensus recommendation of “Hold” from the eight brokerages that are currently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and two have given a buy recommendation to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $20.00.

Separately, Wolfe Research began coverage on shares of Interpublic Group of Companies in a research note on Thursday, July 23rd. They issued a “market perform” rating and a $20.00 price target on the stock.

IPG stock traded up $0.47 during midday trading on Wednesday, hitting $18.52. The stock had a trading volume of 3,830,389 shares, compared to its average volume of 4,763,176. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.98 and a quick ratio of 0.98. The firm has a market cap of $7.22 billion, a PE ratio of 16.10, a price-to-earnings-growth ratio of 10.41 and a beta of 0.98. The company’s 50-day moving average price is $18.18 and its 200 day moving average price is $17.17. Interpublic Group of Companies has a 12-month low of $11.63 and a 12-month high of $25.20.

Interpublic Group of Companies (NYSE:IPG) last issued its earnings results on Wednesday, July 29th. The business services provider reported $0.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.20 by $0.03. The business had revenue of $1.85 billion for the quarter, compared to analyst estimates of $1.85 billion. Interpublic Group of Companies had a net margin of 4.66% and a return on equity of 25.72%. The company’s revenue for the quarter was down 12.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.57 EPS. As a group, sell-side analysts anticipate that Interpublic Group of Companies will post 1.5 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st were paid a $0.255 dividend. The ex-dividend date of this dividend was Monday, August 31st. This represents a $1.02 annualized dividend and a dividend yield of 5.51%. Interpublic Group of Companies’s dividend payout ratio (DPR) is presently 52.85%.

Several hedge funds have recently added to or reduced their stakes in IPG. Dupont Capital Management Corp grew its holdings in Interpublic Group of Companies by 43.0% during the 1st quarter. Dupont Capital Management Corp now owns 10,729 shares of the business services provider’s stock valued at $174,000 after buying an additional 3,225 shares in the last quarter. Bessemer Group Inc. lifted its holdings in shares of Interpublic Group of Companies by 430.7% in the 1st quarter. Bessemer Group Inc. now owns 7,043 shares of the business services provider’s stock valued at $114,000 after buying an additional 5,716 shares during the period. Janney Montgomery Scott LLC raised its holdings in Interpublic Group of Companies by 5.8% in the 1st quarter. Janney Montgomery Scott LLC now owns 50,291 shares of the business services provider’s stock worth $814,000 after purchasing an additional 2,764 shares during the period. UBS Group AG raised its holdings in Interpublic Group of Companies by 6.5% in the 1st quarter. UBS Group AG now owns 745,230 shares of the business services provider’s stock worth $12,065,000 after purchasing an additional 45,363 shares during the period. Finally, Natixis Advisors L.P. increased its stake in Interpublic Group of Companies by 74.5% during the 1st quarter. Natixis Advisors L.P. now owns 29,903 shares of the business services provider’s stock worth $484,000 after buying an additional 12,764 shares in the last quarter. Institutional investors and hedge funds own 98.58% of the company’s stock.

Interpublic Group of Companies Company Profile

The Interpublic Group of Companies, Inc provides advertising and marketing services worldwide. The company operates through two segments, Integrated Agency Networks and Constituency Management Group. It offers consumer advertising, digital marketing, communications planning and media buying, public relations, and specialized communications disciplines.

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Analyst Recommendations for Interpublic Group of Companies (NYSE:IPG)

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