A number of firms have modified their ratings and price targets on shares of Interpublic Group of Companies, Inc. (The) (NYSE: IPG) recently:

  • 7/31/2017 – Interpublic Group of Companies, Inc. (The) was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 7/28/2017 – Interpublic Group of Companies, Inc. (The) was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Interpublic reported dismal second-quarter 2017 results and woefully missed the second-quarter 2017 earnings estimates. Interpublic forms a part of the communications industry, which is highly competitive in nature. The company faces higher concentration risks as it depends on a few significant customers for a large proportion of its revenues. Moreover, constrained marketing budgets from big clients are expected to slow down organic growth and lead to account loss headwinds. Brexit could further result in higher tariff and non-tariff barriers to trade between the U.K. and the European Union, lowering its productivity. The company underperformed the industry in the last three months. However, Interpublic’s efforts in reducing costs, continuous margin improvement, stronger balance sheet and better capital structure work as an aid in increasing returns and profitability.”
  • 7/27/2017 – Interpublic Group of Companies, Inc. (The) was downgraded by analysts at Atlantic Securities from a “neutral” rating to an “underweight” rating.
  • 7/27/2017 – Interpublic Group of Companies, Inc. (The) had its “buy” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $26.00 price target on the stock.
  • 7/26/2017 – Interpublic Group of Companies, Inc. (The) was downgraded by analysts at Royal Bank Of Canada from a “top pick” rating to a “sector perform” rating. They now have a $24.00 price target on the stock, down previously from $29.00.
  • 7/26/2017 – Interpublic Group of Companies, Inc. (The) had its price target lowered by analysts at Telsey Advisory Group from $29.00 to $27.00. They now have an “outperform” rating on the stock.
  • 7/26/2017 – Interpublic Group of Companies, Inc. (The) had its “equal weight” rating reaffirmed by analysts at Morgan Stanley. They now have a $24.00 price target on the stock, down previously from $26.00.
  • 7/26/2017 – Interpublic Group of Companies, Inc. (The) had its price target lowered by analysts at Argus from $28.00 to $27.00. They now have a “buy” rating on the stock.
  • 7/26/2017 – Interpublic Group of Companies, Inc. (The) had its “outperform” rating reaffirmed by analysts at BMO Capital Markets. They now have a $26.00 price target on the stock, down previously from $27.00.
  • 7/19/2017 – Interpublic Group of Companies, Inc. (The) was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Interpublic’s digital capabilities, diversified business model and geographic reach offer a distinctive competitive advantage. The Group’s best-in-industry talent and tools are expected to offer optimal and affordable solutions, thus rendering an edge over its peers. The company’s efforts in reducing costs, continuous margin improvement, stronger balance sheet and better capital structure work as an aid in increasing returns and profitability. The company outperformed the Zacks categorized Advertising and Marketing industry in the last six months. However, Interpublic forms a part of the communications industry, which is highly competitive in nature. Moreover, constrained marketing budgets from big clients are expected to slow down organic growth and lead to account loss headwinds. Brexit could further result in higher tariff and non-tariff barriers to trade between the U.K. and the European Union, lowering its productivity.”
  • 7/17/2017 – Interpublic Group of Companies, Inc. (The) was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $28.00 price target on the stock. According to Zacks, “Interpublic has outperformed the Zacks categorized Advertising and Marketing industry in the last three months. The company is part of the communications industry, which is highly competitive in nature. Its numerous technological collaborations across agencies and continued investments in new businesses are likely to boost its growth trajectory. Interpublic’s stringent cost-control measures, impressive talent pool and strong liquidity position also lend it a competitive edge over its peers. Moving ahead, the company plans to focus on de-leveraging and improving its balance sheet and reducing effective cost of debt. The Group’s best-in-industry talent and tools are expected to offer optimal and affordable solutions, thus giving it a competitive advantage. However, the company derives a major portion of its revenues from outside the U.S., which exposes it to foreign currency translation impacts and earnings volatility.”
  • 7/14/2017 – Interpublic Group of Companies, Inc. (The) had its “buy” rating reaffirmed by analysts at Royal Bank Of Canada. They now have a $29.00 price target on the stock.
  • 6/29/2017 – Interpublic Group of Companies, Inc. (The) was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 6/26/2017 – Interpublic Group of Companies, Inc. (The) had its “buy” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $27.00 price target on the stock.
  • 6/22/2017 – Interpublic Group of Companies, Inc. (The) was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $27.00 price target on the stock. According to Zacks, “Interpublic’s technological collaborations across agencies and continued investments in new businesses are likely to boost its growth trajectory. In addition, a diversified business model, digital capabilities and geographic reach offer a distinct competitive advantage. The company’s stringent cost-control measures, impressive talent pool and strong liquidity position remain positives. Interpublic also outperformed the industry year to date. The company is expected to achieve targeted levels in the coming quarters based on diversification across emerging regions and collaboration across agencies through technological improvement. Moreover, the company continues to look for strategic acquisitions to expand in high-growth regions and key world markets to augment its market position. However, high concentration risks and currency volatility remain significant headwinds for the company.”
  • 6/21/2017 – Interpublic Group of Companies, Inc. (The) was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Interpublic’s technological collaborations across agencies and continued investments in new businesses are likely to boost its growth trajectory. In addition, a diversified business model, digital capabilities and geographic reach offer a distinct competitive advantage. The company’s stringent cost-control measures, impressive talent pool and strong liquidity position remain positives. Interpublic also outperformed the industry year to date. However, concentration risks and currency volatility remain significant headwinds for the company. Moreover, constrained marketing budgets from big clients are expected to slow down organic growth and lead to account loss headwinds. The company is likely to be stifled by the renegotiated deals and restrictions imposed on trade with other European Union members post Brexit referendum. Brexit could also result in higher tariff and non-tariff barriers to trade between the U.K. and the European Union.”
  • 6/12/2017 – Interpublic Group of Companies, Inc. (The) was given a new $29.00 price target on by analysts at Royal Bank Of Canada. They now have a “buy” rating on the stock.

Shares of Interpublic Group of Companies, Inc. (IPG) opened at 20.78 on Friday. The company’s 50-day moving average price is $23.59 and its 200 day moving average price is $24.11. Interpublic Group of Companies, Inc. has a 12-month low of $20.75 and a 12-month high of $25.71. The firm has a market capitalization of $8.17 billion, a price-to-earnings ratio of 14.96 and a beta of 1.53.

Interpublic Group of Companies, Inc. (The) (NYSE:IPG) last posted its quarterly earnings data on Tuesday, July 25th. The business services provider reported $0.27 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.34 by $0.07. The company had revenue of $1.88 billion for the quarter, compared to analysts’ expectations of $1.95 billion. Interpublic Group of Companies, Inc. (The) had a net margin of 7.19% and a return on equity of 27.72%. The firm’s revenue was down 1.7% on a year-over-year basis. During the same period in the prior year, the company earned $0.33 earnings per share. On average, equities research analysts forecast that Interpublic Group of Companies, Inc. will post $1.43 EPS for the current fiscal year.

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

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).

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