Positive Media Coverage Somewhat Unlikely to Impact Interpublic Group of Companies, Inc. (The) (IPG) Share Price
Headlines about Interpublic Group of Companies, Inc. (The) (NYSE:IPG) have trended positive recently, Accern Sentiment Analysis reports. The research group rates the sentiment of media coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Interpublic Group of Companies, Inc. (The) earned a coverage optimism score of 0.41 on Accern’s scale. Accern also assigned media stories about the business services provider an impact score of 45.7167891526867 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
These are some of the news articles that may have effected Accern’s scoring:
- New Smokey Bear Digital-First Creative Highlights Lesser Known Wildfire Causes (finance.yahoo.com)
- Bahamas Ministry of Tourism Engages Weber Shandwick to Promote Travel to The Islands Of The Bahamas (finance.yahoo.com)
- Interpublic Group of Companies, (NYSE:IPG) Sees Significantly Higher Trading Volume (elcumanes.com)
- Verizon Ventures And R/GA Announce Eight Startups Selected For The Verizon Media Tech Venture Studio (finance.yahoo.com)
- McCann’s Singleton Beato Wins 4A’s Face of Talent Gladiator Award for Diversity Achievements (finance.yahoo.com)
A number of research analysts have recently commented on the stock. Zacks Investment Research cut shares of Interpublic Group of Companies, Inc. (The) from a “buy” rating to a “hold” rating in a research report on Thursday, April 20th. BMO Capital Markets reissued a “buy” rating and set a $27.00 target price on shares of Interpublic Group of Companies, Inc. (The) in a research report on Monday, April 17th. Evercore ISI assumed coverage on shares of Interpublic Group of Companies, Inc. (The) in a research report on Monday, April 17th. They set an “outperform” rating and a $28.00 target price on the stock. Macquarie cut shares of Interpublic Group of Companies, Inc. (The) from an “outperform” rating to a “neutral” rating and reduced their target price for the stock from $28.00 to $24.00 in a research report on Tuesday, June 6th. Finally, BidaskClub raised shares of Interpublic Group of Companies, Inc. (The) from a “hold” rating to a “buy” rating in a research report on Thursday, June 29th. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and nine have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $26.21.
Interpublic Group of Companies, Inc. (NYSE IPG) traded down 0.53% during trading on Friday, hitting $20.67. 4,538,715 shares of the stock traded hands. The company has a 50-day moving average price of $23.49 and a 200 day moving average price of $24.09. Interpublic Group of Companies, Inc. has a one year low of $20.65 and a one year high of $25.71. The stock has a market cap of $8.13 billion, a PE ratio of 14.88 and a beta of 1.53.
Interpublic Group of Companies, Inc. (The) (NYSE:IPG) last released its quarterly earnings data on Tuesday, July 25th. The business services provider reported $0.27 earnings per share (EPS) for the quarter, missing the 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 quarter in the prior year, the company earned $0.33 earnings per share. The business’s revenue was down 1.7% compared to the same quarter last year. Analysts expect that Interpublic Group of Companies, Inc. will post $1.43 earnings per share for the current year.
In other Interpublic Group of Companies, Inc. (The) news, SVP Julie Connors sold 5,854 shares of the stock in a transaction on 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 transaction, the senior vice president now directly owns 10,592 shares in the company, valued at $256,961.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.49% of the company’s stock.
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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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