Interpublic Group of Companies, Inc. (The) (NYSE:IPG) had its price target lowered by Argus from $28.00 to $27.00 in a research note released on Wednesday. The firm currently has a buy rating on the business services provider’s stock.

IPG has been the subject of several other research reports. Royal Bank Of Canada restated a buy rating and issued a $29.00 price target on shares of Interpublic Group of Companies, Inc. (The) in a research note on Tuesday, April 11th. Jefferies Group LLC reiterated a buy rating and set a $27.00 price objective on shares of Interpublic Group of Companies, Inc. (The) in a research report on Monday, June 26th. Zacks Investment Research upgraded 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 research report on Monday, April 17th. Evercore ISI started coverage on Interpublic Group of Companies, Inc. (The) in a research report on Monday, April 17th. They set an outperform rating and a $28.00 price objective for the company. Finally, BMO Capital Markets reiterated a buy rating and set a $27.00 price objective on shares of Interpublic Group of Companies, Inc. (The) in a research report on Monday, April 17th. Three analysts have rated the stock with a sell rating, five have issued a hold rating and ten have assigned a buy rating to the company. The company has a consensus rating of Hold and a consensus price target of $26.21.

Interpublic Group of Companies, Inc. (IPG) traded up 1.22% on Wednesday, hitting $21.61. The stock had a trading volume of 7,662,620 shares. The firm has a 50-day moving average of $24.35 and a 200 day moving average of $24.25. Interpublic Group of Companies, Inc. has a 52 week low of $20.94 and a 52 week high of $25.71. The company has a market capitalization of $8.54 billion, a price-to-earnings ratio of 15.56 and a beta of 1.56.

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 Thomson Reuters’ consensus estimate of $0.34 by $0.07. Interpublic Group of Companies, Inc. (The) had a return on equity of 27.73% and a net margin of 7.19%. The business had revenue of $1.88 billion during the quarter, compared to analysts’ expectations of $1.95 billion. During the same quarter in the prior year, the firm earned $0.33 EPS. The firm’s revenue for the quarter was down 1.7% compared to the same quarter last year. On average, analysts predict 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 the business’s stock in a transaction dated 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 owns 10,592 shares of the company’s stock, valued at $256,961.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.49% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its stake 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 valued at $971,696,000 after buying an additional 2,396,037 shares in the last quarter. BlackRock Inc. raised its stake 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 valued at $866,520,000 after buying an additional 32,879,667 shares in the last quarter. Boston Partners raised its stake in Interpublic Group of Companies, Inc. (The) by 3.3% in the first quarter. Boston Partners now owns 21,593,423 shares of the business services provider’s stock valued at $530,550,000 after buying an additional 688,696 shares in the last quarter. Massachusetts Financial Services Co. MA raised its stake 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 valued at $458,188,000 after buying an additional 3,411,539 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its stake in Interpublic Group of Companies, Inc. (The) by 34.4% in the first quarter. Goldman Sachs Group Inc. now owns 7,044,673 shares of the business services provider’s stock valued at $173,087,000 after buying an additional 1,802,258 shares in the last quarter. 98.25% of the stock is owned by institutional investors and hedge funds.

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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