The Interpublic Group of Companies, Inc. (NYSE:IPG) Given Consensus Recommendation of “Hold” by Analysts

The Interpublic Group of Companies, Inc. (NYSE:IPGGet Rating) has received an average recommendation of “Hold” from the eleven analysts that are covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $39.90.

IPG has been the subject of several recent research reports. Bank of America downgraded Interpublic Group of Companies from a “neutral” rating to an “underperform” rating and set a $32.00 price objective for the company. in a report on Thursday, January 27th. StockNews.com started coverage on Interpublic Group of Companies in a research note on Thursday, March 31st. They set a “hold” rating for the company. Barclays downgraded Interpublic Group of Companies from an “overweight” rating to an “equal weight” rating and lowered their price objective for the stock from $47.00 to $42.00 in a research note on Monday, March 14th. Argus upgraded Interpublic Group of Companies from a “hold” rating to a “buy” rating and set a $41.00 price target for the company in a report on Monday, March 21st. Finally, Morgan Stanley raised their price objective on Interpublic Group of Companies from $38.00 to $40.00 and gave the company an “equal weight” rating in a research note on Friday, February 11th.

In other news, EVP Andrew Bonzani sold 34,195 shares of the firm’s stock in a transaction dated Tuesday, March 1st. The shares were sold at an average price of $35.51, for a total value of $1,214,264.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Dawn E. Hudson sold 18,376 shares of the business’s stock in a transaction dated Monday, May 9th. The shares were sold at an average price of $32.45, for a total transaction of $596,301.20. Following the transaction, the director now owns 32,880 shares in the company, valued at approximately $1,066,956. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 101,094 shares of company stock worth $3,534,689. 0.33% of the stock is owned by company insiders.

Hedge funds have recently modified their holdings of the stock. First Trust Advisors LP lifted its position in Interpublic Group of Companies by 1,196.9% during the first quarter. First Trust Advisors LP now owns 6,280,702 shares of the business services provider’s stock valued at $222,651,000 after buying an additional 5,796,432 shares during the period. Royal Bank of Canada lifted its position in Interpublic Group of Companies by 182.6% during the 3rd quarter. Royal Bank of Canada now owns 4,563,285 shares of the business services provider’s stock valued at $167,337,000 after acquiring an additional 2,948,475 shares during the period. Beutel Goodman & Co Ltd. boosted its stake in Interpublic Group of Companies by 43.3% during the first quarter. Beutel Goodman & Co Ltd. now owns 5,092,319 shares of the business services provider’s stock worth $180,522,000 after acquiring an additional 1,539,012 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in Interpublic Group of Companies by 21.7% in the third quarter. Bank of New York Mellon Corp now owns 8,583,497 shares of the business services provider’s stock worth $314,756,000 after purchasing an additional 1,529,332 shares during the period. Finally, Black Creek Investment Management Inc. increased its stake in shares of Interpublic Group of Companies by 12.4% during the first quarter. Black Creek Investment Management Inc. now owns 13,272,586 shares of the business services provider’s stock valued at $470,513,000 after purchasing an additional 1,469,442 shares in the last quarter. 99.68% of the stock is currently owned by institutional investors.

Shares of IPG opened at $31.62 on Friday. The business has a 50-day simple moving average of $33.88 and a two-hundred day simple moving average of $35.25. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.82. Interpublic Group of Companies has a 12-month low of $27.67 and a 12-month high of $39.98. The stock has a market cap of $12.45 billion, a PE ratio of 12.35, a PEG ratio of 2.57 and a beta of 0.99.

Interpublic Group of Companies (NYSE:IPGGet Rating) last released its quarterly earnings results on Thursday, April 28th. The business services provider reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.07. The firm had revenue of $2.23 billion during the quarter, compared to the consensus estimate of $2.17 billion. Interpublic Group of Companies had a net margin of 9.67% and a return on equity of 31.10%. The company’s revenue for the quarter was up 9.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.45 earnings per share. On average, equities research analysts expect that Interpublic Group of Companies will post 2.72 EPS for the current year.

Interpublic Group of Companies announced that its board has initiated a stock buyback program on Thursday, February 10th that allows the company to repurchase $400.00 million in outstanding shares. This repurchase authorization allows the business services provider to purchase up to 2.8% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s board of directors believes its shares are undervalued.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 21st. Shareholders of record on Monday, June 6th will be given a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.67%. Interpublic Group of Companies’s payout ratio is 45.31%.

Interpublic Group of Companies Company Profile (Get Rating)

The Interpublic Group of Companies, Inc provides advertising and marketing services worldwide. It operates in two segments, Integrated Agency Networks (IAN) and IPG DXTRA. The company offers consumer advertising, digital marketing, communications planning and media buying, public relations, and specialized communications disciplines, as well as data science services.

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Analyst Recommendations for Interpublic Group of Companies (NYSE:IPG)

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