BMO Capital Markets reissued their outperform rating on shares of Interpublic Group of Companies, Inc. (The) (NYSE:IPG) in a report published on Wednesday morning. They currently have a $26.00 price objective on the business services provider’s stock, down from their prior price objective of $27.00.

A number of other brokerages have also recently issued reports on IPG. Evercore ISI began coverage on shares of Interpublic Group of Companies, Inc. (The) in a research report on Monday, April 17th. They set an outperform rating and a $28.00 target price for the company. BidaskClub upgraded shares of Interpublic Group of Companies, Inc. (The) from a hold rating to a buy rating in a research report on Thursday, June 29th. Zacks Investment Research upgraded shares of Interpublic Group of Companies, Inc. (The) from a hold rating to a buy rating and set a $27.00 target price for the company in a research report on Monday, April 17th. Wells Fargo & Company reiterated a buy rating on shares of Interpublic Group of Companies, Inc. (The) in a research report on Wednesday, April 12th. Finally, Telsey Advisory Group increased their target price on shares of Interpublic Group of Companies, Inc. (The) from $28.00 to $29.00 and gave the stock an outperform rating in a research report on Monday, April 24th. Three analysts have rated the stock with a sell rating, five have given a hold rating and ten have assigned a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus price target of $26.21.

Interpublic Group of Companies, Inc. (NYSE:IPG) traded up 1.22% on Wednesday, reaching $21.61. 7,662,620 shares of the company’s stock were exchanged. Interpublic Group of Companies, Inc. has a 12 month low of $20.94 and a 12 month high of $25.71. The firm has a 50-day moving average of $24.35 and a 200-day moving average of $24.25. The firm has a market capitalization of $8.54 billion, a price-to-earnings ratio of 15.56 and a beta of 1.56.

Interpublic Group of Companies, Inc. (The) (NYSE:IPG) last announced its quarterly earnings data on Tuesday, July 25th. The business services provider reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.34 by $0.07. Interpublic Group of Companies, Inc. (The) had a net margin of 7.19% and a return on equity of 27.73%. The business had revenue of $1.88 billion during the quarter, compared to analyst estimates of $1.95 billion. During the same quarter in the prior year, the company posted $0.33 EPS. The company’s quarterly revenue was down 1.7% compared to the same quarter last year. On average, equities analysts expect that Interpublic Group of Companies, Inc. will post $1.44 earnings per share for the current year.

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In other Interpublic Group of Companies, Inc. (The) news, SVP Julie Connors sold 5,854 shares of the stock in a transaction dated Thursday, June 22nd. The shares were sold at an average price of $24.26, for a total transaction of $142,018.04. Following the sale, the senior vice president now owns 10,592 shares of the company’s stock, valued at approximately $256,961.92. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.49% of the stock is owned by corporate insiders.

A number of large investors have recently modified their holdings of the company. Regentatlantic Capital LLC raised its stake in shares of Interpublic Group of Companies, Inc. (The) by 8.1% in the first quarter. Regentatlantic Capital LLC now owns 45,202 shares of the business services provider’s stock worth $1,111,000 after buying an additional 3,374 shares in the last quarter. Bank of Montreal Can raised its stake in shares of Interpublic Group of Companies, Inc. (The) by 2.0% in the first quarter. Bank of Montreal Can now owns 156,301 shares of the business services provider’s stock worth $3,841,000 after buying an additional 3,119 shares in the last quarter. Fenimore Asset Management Inc. raised its stake in shares of Interpublic Group of Companies, Inc. (The) by 2.3% in the first quarter. Fenimore Asset Management Inc. now owns 2,440,414 shares of the business services provider’s stock worth $59,961,000 after buying an additional 54,909 shares in the last quarter. National Pension Service raised its stake in shares of Interpublic Group of Companies, Inc. (The) by 8.1% in the first quarter. National Pension Service now owns 430,664 shares of the business services provider’s stock worth $10,586,000 after buying an additional 32,369 shares in the last quarter. Finally, Gulf International Bank UK Ltd raised its stake in shares of Interpublic Group of Companies, Inc. (The) by 1.3% in the first quarter. Gulf International Bank UK Ltd now owns 130,950 shares of the business services provider’s stock worth $3,217,000 after buying an additional 1,700 shares in the last quarter. 98.25% of the stock is currently owned by hedge funds and other institutional investors.

Interpublic Group of Companies, Inc. (The) Company Profile

The Interpublic Group of Companies, Inc is a global advertising and marketing services company. The Company specializes in consumer advertising, digital marketing, communications planning and media buying, public relations and specialized communications disciplines. It operates in two segments: Integrated Agency Networks (IAN) and Constituency Management Group (CMG).

Analyst Recommendations for Interpublic Group of Companies, Inc. (The) (NYSE:IPG)

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