Shares of Interpublic Group of Companies, Inc. (The) (NYSE:IPG) have been assigned a consensus rating of “Hold” from the eighteen analysts that are covering the company, MarketBeat.com reports. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and nine have given a buy rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $26.08.

Several research analysts have weighed in on IPG shares. BidaskClub raised shares of Interpublic Group of Companies, Inc. (The) from a “hold” rating to a “buy” rating in a report on Thursday, June 29th. Evercore ISI started coverage on shares of Interpublic Group of Companies, Inc. (The) in a report on Monday, April 17th. They set an “outperform” rating and a $28.00 price objective for the company. Zacks Investment Research raised shares of Interpublic Group of Companies, Inc. (The) from a “hold” rating to a “buy” rating and set a $27.00 price objective for the company in a report on Monday, April 17th. Wedbush reissued an “outperform” rating and set a $29.00 price objective on shares of Interpublic Group of Companies, Inc. (The) in a report on Thursday, April 13th. Finally, Telsey Advisory Group raised their price objective on shares of Interpublic Group of Companies, Inc. (The) from $28.00 to $29.00 and gave the stock an “outperform” rating in a report on Monday, April 24th.

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Shares of Interpublic Group of Companies, Inc. (NYSE:IPG) traded down 0.53% during midday trading on Friday, reaching $20.67. 4,538,715 shares of the company were exchanged. The company has a market capitalization of $8.13 billion, a PE ratio of 14.88 and a beta of 1.53. Interpublic Group of Companies, Inc. has a 52-week low of $20.65 and a 52-week high of $25.71. The stock’s 50-day moving average price is $23.49 and its 200-day moving average price is $24.09.

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 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 analyst estimates of $1.95 billion. Interpublic Group of Companies, Inc. (The) had a return on equity of 27.72% and a net margin of 7.19%. Interpublic Group of Companies, Inc. (The)’s revenue was down 1.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.33 earnings per share. Analysts anticipate that Interpublic Group of Companies, Inc. will post $1.43 EPS for the current year.

In other news, SVP Julie Connors sold 5,854 shares of Interpublic Group of Companies, Inc. (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 completion of the transaction, 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 Securities & Exchange Commission, which is available at this link. Insiders own 1.49% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Inc. increased its stake in shares of 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 valued at $866,520,000 after buying an additional 32,879,667 shares in the last quarter. Massachusetts Financial Services Co. MA increased its stake in shares of 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 valued at $458,188,000 after buying an additional 3,411,539 shares in the last quarter. Nordea Investment Management AB increased its stake in shares of 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 valued at $68,951,000 after buying an additional 2,788,542 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of 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 valued at $971,696,000 after buying an additional 2,396,037 shares in the last quarter. Finally, River Road Asset Management LLC purchased a new stake in shares of Interpublic Group of Companies, Inc. (The) during the second quarter valued at $49,040,000. 98.40% of the stock is owned by institutional investors and hedge funds.

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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