Jefferies Group LLC reiterated their buy rating on shares of Interpublic Group of Companies, Inc. (The) (NYSE:IPG) in a research note released on Thursday. They currently have a $26.00 target price on the business services provider’s stock. Jefferies Group also issued estimates for Interpublic Group of Companies, Inc. (The)’s Q4 2017 earnings at $0.78 EPS, FY2017 earnings at $1.43 EPS, Q2 2018 earnings at $0.33 EPS, Q4 2018 earnings at $0.84 EPS, FY2018 earnings at $1.57 EPS, Q2 2019 earnings at $0.37 EPS and FY2019 earnings at $1.73 EPS.

Several other analysts also recently weighed in on IPG. Royal Bank Of Canada downgraded shares of Interpublic Group of Companies, Inc. (The) from a top pick rating to a sector perform rating and dropped their target price for the company from $29.00 to $24.00 in a report on Wednesday, July 26th. Telsey Advisory Group dropped their target price on shares of Interpublic Group of Companies, Inc. (The) from $29.00 to $27.00 and set an outperform rating for the company in a report on Wednesday, July 26th. Argus dropped their target price on shares of Interpublic Group of Companies, Inc. (The) from $28.00 to $27.00 and set a buy rating for the company in a report on Wednesday, July 26th. BMO Capital Markets restated an outperform rating and issued a $26.00 price target (down previously from $27.00) on shares of Interpublic Group of Companies, Inc. (The) in a research note on Wednesday, July 26th. Finally, Morgan Stanley restated an equal weight rating and issued a $24.00 price target (down previously from $26.00) on shares of Interpublic Group of Companies, Inc. (The) in a research note on Wednesday, July 26th. Three analysts have rated the stock with a sell rating, five have issued a hold rating and ten have given a buy rating to the company’s stock. The company has a consensus rating of Hold and a consensus target price of $26.21.

Shares of Interpublic Group of Companies, Inc. (NYSE IPG) traded up 0.208% during mid-day trading on Thursday, hitting $21.655. The company had a trading volume of 2,626,148 shares. Interpublic Group of Companies, Inc. has a 52-week low of $20.94 and a 52-week high of $25.71. The firm has a market capitalization of $8.52 billion, a price-to-earnings ratio of 15.590 and a beta of 1.56. The firm has a 50-day moving average price of $24.35 and a 200 day moving average price of $24.25.

Interpublic Group of Companies, Inc. (The) (NYSE:IPG) last posted its earnings results on Tuesday, July 25th. The business services provider reported $0.27 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate 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 27.72%. The company had revenue of $1.88 billion during the quarter, compared to analyst estimates of $1.95 billion. During the same quarter last year, the business posted $0.33 EPS. The firm’s revenue for the quarter was down 1.7% on a year-over-year basis. 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 Interpublic Group of Companies, Inc. (The) stock in a transaction on Thursday, June 22nd. The shares were sold at an average price of $24.26, for a total value of $142,018.04. Following the transaction, the senior vice president now directly owns 10,592 shares in the company, valued at $256,961.92. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 1.49% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of IPG. BlackRock Inc. raised its position in Interpublic Group of Companies, Inc. (The) by 1,377.1% in the first quarter. BlackRock Inc. now owns 35,267,293 shares of the business services provider’s stock worth $866,520,000 after buying an additional 32,879,667 shares in the last quarter. Massachusetts Financial Services Co. MA raised its position in Interpublic Group of Companies, Inc. (The) by 22.4% in the first quarter. Massachusetts Financial Services Co. MA now owns 18,648,240 shares of the business services provider’s stock worth $458,188,000 after buying an additional 3,411,539 shares in the last quarter. Nordea Investment Management AB raised its position in Interpublic Group of Companies, Inc. (The) by 15,710.1% in the first quarter. Nordea Investment Management AB now owns 2,806,292 shares of the business services provider’s stock worth $68,951,000 after buying an additional 2,788,542 shares in the last quarter. Vanguard Group Inc. raised its position in Interpublic Group of Companies, Inc. (The) by 6.4% in the first quarter. Vanguard Group Inc. now owns 39,548,092 shares of the business services provider’s stock worth $971,696,000 after buying an additional 2,396,037 shares in the last quarter. Finally, Mawer Investment Management Ltd. acquired a new position in Interpublic Group of Companies, Inc. (The) during the first quarter worth approximately $46,260,000. Institutional investors own 98.19% of the company’s stock.

About Interpublic Group of Companies, Inc. (The)

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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