Zacks Investment Research lowered shares of Interpublic Group of Companies, Inc. (The) (NYSE:IPG) from a hold rating to a sell rating in a research report sent to investors on Friday morning.

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.”

A number of other equities analysts have also recently weighed in on the stock. BidaskClub raised shares of Interpublic Group of Companies, Inc. (The) from a hold rating to a buy rating in a research note on Thursday, June 29th. Evercore ISI started coverage on shares of Interpublic Group of Companies, Inc. (The) in a research note on Monday, April 17th. They set an outperform rating and a $28.00 price target on the stock. Wells Fargo & Company reaffirmed a buy rating on shares of Interpublic Group of Companies, Inc. (The) in a research note on Wednesday, April 12th. Telsey Advisory Group upped their price target 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 note on Monday, April 24th. Finally, Wedbush reaffirmed an outperform rating and set a $29.00 price target on shares of Interpublic Group of Companies, Inc. (The) in a research note on Thursday, April 13th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and nine have given a buy rating to the company. The company currently has an average rating of Hold and a consensus target price of $26.21.

Shares of Interpublic Group of Companies, Inc. (NYSE IPG) traded up 0.42% during mid-day trading on Friday, hitting $21.70. 647,869 shares of the stock traded hands. The firm has a market cap of $8.53 billion, a price-to-earnings ratio of 15.62 and a beta of 1.56. Interpublic Group of Companies, Inc. has a 12-month low of $20.94 and a 12-month high of $25.71. The firm’s 50 day moving average price is $24.28 and its 200 day moving average price is $24.24.

Interpublic Group of Companies, Inc. (The) (NYSE:IPG) last posted its quarterly earnings results on Tuesday, July 25th. The business services provider reported $0.27 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.34 by $0.07. Interpublic Group of Companies, Inc. (The) had a return on equity of 27.72% and a net margin of 7.19%. The company had revenue of $1.88 billion for the quarter, compared to analyst estimates of $1.95 billion. During the same period last year, the company earned $0.33 earnings per share. The business’s revenue for the quarter was down 1.7% compared to the same quarter last year. On average, equities research analysts predict that Interpublic Group of Companies, Inc. will post $1.44 EPS for the current fiscal year.

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In related 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 value of $142,018.04. Following the sale, the senior vice president now directly owns 10,592 shares of the company’s stock, valued at approximately $256,961.92. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 1.49% of the stock is currently owned by corporate insiders.

Several large investors have recently added to or reduced their stakes in the company. Van ECK Associates Corp boosted its stake in Interpublic Group of Companies, Inc. (The) by 6.4% in the first quarter. Van ECK Associates Corp now owns 5,507 shares of the business services provider’s stock valued at $135,000 after buying an additional 331 shares in the last quarter. Global X Management Co. LLC boosted its stake in Interpublic Group of Companies, Inc. (The) by 29.9% in the first quarter. Global X Management Co. LLC now owns 5,502 shares of the business services provider’s stock valued at $135,000 after buying an additional 1,266 shares in the last quarter. Exane Derivatives boosted its stake in Interpublic Group of Companies, Inc. (The) by 181.3% in the second quarter. Exane Derivatives now owns 5,634 shares of the business services provider’s stock valued at $139,000 after buying an additional 3,631 shares in the last quarter. First Bank & Trust purchased a new stake in Interpublic Group of Companies, Inc. (The) during the first quarter valued at about $140,000. Finally, Bronfman E.L. Rothschild L.P. boosted its stake in Interpublic Group of Companies, Inc. (The) by 120.0% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 7,285 shares of the business services provider’s stock valued at $179,000 after buying an additional 3,973 shares in the last quarter. 98.19% of the stock is currently owned by institutional investors.

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).

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

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