Morgan Stanley reissued their equal weight rating on shares of Interpublic Group of Companies, Inc. (The) (NYSE:IPG) in a research note published on Wednesday. Morgan Stanley currently has a $24.00 price objective on the business services provider’s stock, down from their previous price objective of $26.00.

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

Shares of Interpublic Group of Companies, Inc. (IPG) traded up 1.22% on Wednesday, reaching $21.61. 7,662,620 shares of the company were exchanged. The stock’s 50-day moving average is $24.35 and its 200 day moving average is $24.25. The firm has a market capitalization of $8.54 billion, a PE ratio of 15.56 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.

Interpublic Group of Companies, Inc. (The) (NYSE:IPG) last announced its earnings results on Tuesday, July 25th. The business services provider reported $0.27 earnings per share (EPS) 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 27.73%. The business had revenue of $1.88 billion for the quarter, compared to analyst estimates of $1.95 billion. During the same period in the prior year, the company earned $0.33 earnings per share. The company’s quarterly revenue was down 1.7% on a year-over-year basis. On average, analysts forecast that Interpublic Group of Companies, Inc. will post $1.44 EPS for the current year.

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In other news, SVP Julie Connors sold 5,854 shares of the company’s stock in a transaction dated Thursday, June 22nd. The stock was sold at an average price of $24.26, for a total value of $142,018.04. Following the sale, the senior vice president now owns 10,592 shares in the company, valued at $256,961.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.49% of the stock is owned by corporate insiders.

Hedge funds have recently modified their holdings of the company. Federated Investors Inc. PA acquired a new position in shares of Interpublic Group of Companies, Inc. (The) during the fourth quarter worth about $255,000. Kentucky Retirement Systems acquired a new position in shares of Interpublic Group of Companies, Inc. (The) during the fourth quarter worth about $674,000. Kentucky Retirement Systems Insurance Trust Fund acquired a new position in shares of Interpublic Group of Companies, Inc. (The) during the fourth quarter worth about $301,000. Macquarie Group Ltd. increased its position in shares of Interpublic Group of Companies, Inc. (The) by 50.7% in the fourth quarter. Macquarie Group Ltd. now owns 155,618 shares of the business services provider’s stock worth $3,642,000 after buying an additional 52,366 shares in the last quarter. Finally, Pensionfund Sabic increased its position in shares of Interpublic Group of Companies, Inc. (The) by 3.5% in the first quarter. Pensionfund Sabic now owns 62,500 shares of the business services provider’s stock worth $1,536,000 after buying an additional 2,100 shares in the last quarter. Hedge funds and other institutional investors own 98.25% of the company’s stock.

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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