Interpublic Group of Companies, Inc. (The) (NYSE:IPG) Receives $32.18 Average Target Price from Analysts

Shares of Interpublic Group of Companies, Inc. (The) (NYSE:IPG) have been assigned an average recommendation of “Hold” from the nine ratings firms that are covering the company, Marketbeat reports. Six analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $32.1833.

A number of equities analysts recently issued reports on IPG shares. Barclays reduced their target price on Interpublic Group of Companies from $28.00 to $27.50 and set an “equal weight” rating for the company in a research note on Wednesday, November 12th. Zacks Research downgraded shares of Interpublic Group of Companies from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 13th. Weiss Ratings restated a “hold (c-)” rating on shares of Interpublic Group of Companies in a research report on Monday. Finally, Wall Street Zen upgraded Interpublic Group of Companies to a “hold” rating in a report on Saturday, August 16th.

Institutional Investors Weigh In On Interpublic Group of Companies

Institutional investors have recently modified their holdings of the company. Machina Capital S.A.S. purchased a new position in Interpublic Group of Companies in the first quarter valued at $825,000. Advisor OS LLC lifted its holdings in shares of Interpublic Group of Companies by 23.0% during the first quarter. Advisor OS LLC now owns 18,867 shares of the business services provider’s stock worth $512,000 after purchasing an additional 3,529 shares during the period. Avantax Advisory Services Inc. boosted its holdings in shares of Interpublic Group of Companies by 45.1% in the first quarter. Avantax Advisory Services Inc. now owns 33,440 shares of the business services provider’s stock valued at $908,000 after acquiring an additional 10,395 shares in the last quarter. Cetera Investment Advisers increased its position in Interpublic Group of Companies by 15.9% during the 1st quarter. Cetera Investment Advisers now owns 123,876 shares of the business services provider’s stock worth $3,364,000 after purchasing an additional 17,023 shares during the period. Finally, Skandinaviska Enskilda Banken AB publ grew its holdings in Interpublic Group of Companies by 48.0% during the first quarter. Skandinaviska Enskilda Banken AB publ now owns 125,767 shares of the business services provider’s stock worth $3,416,000 after acquiring an additional 40,810 shares during the period. 98.43% of the stock is owned by institutional investors and hedge funds.

Interpublic Group of Companies Stock Down 1.7%

IPG stock traded down $0.43 during trading on Friday, hitting $24.63. 82,081,272 shares of the company’s stock traded hands, compared to its average volume of 7,115,287. The firm has a market capitalization of $8.95 billion, a P/E ratio of 20.87 and a beta of 1.12. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.78. The business has a fifty day simple moving average of $25.98 and a two-hundred day simple moving average of $25.40. Interpublic Group of Companies has a 1 year low of $22.51 and a 1 year high of $33.05.

Interpublic Group of Companies Company Profile

The Interpublic Group of Companies, Inc provides advertising and marketing services worldwide. It operates in three segments: Media, Data & Engagement Solutions, Integrated Advertising & Creativity Led Solutions, and Specialized Communications & Experiential Solutions. The Media, Data & Engagement Solutions segment provides media and communications services, digital services and products, advertising and marketing technology, e-commerce services, data management and analytics, strategic consulting, and digital brand experience under the IPG Mediabrands, UM, Initiative, Kinesso, Acxiom, Huge, MRM, and R/GA brand names.