Interpublic Group of Companies (NYSE:IPG) PT Raised to $32.00 at Wells Fargo & Company

Interpublic Group of Companies (NYSE:IPGGet Free Report) had its target price boosted by equities research analysts at Wells Fargo & Company from $31.00 to $32.00 in a report issued on Friday, Benzinga reports. The firm currently has an “equal weight” rating on the business services provider’s stock. Wells Fargo & Company‘s price objective would indicate a potential upside of 3.96% from the company’s current price.

IPG has been the subject of several other reports. Barclays lifted their price objective on shares of Interpublic Group of Companies from $35.00 to $36.00 and gave the stock an “equal weight” rating in a research report on Monday, January 29th. Morgan Stanley decreased their price objective on shares of Interpublic Group of Companies from $35.00 to $33.00 and set an “equal weight” rating for the company in a research report on Monday, October 23rd. StockNews.com raised shares of Interpublic Group of Companies from a “sell” rating to a “hold” rating in a research report on Tuesday, October 24th. UBS Group initiated coverage on shares of Interpublic Group of Companies in a research report on Thursday, January 11th. They set a “neutral” rating and a $36.00 price objective for the company. Finally, Citigroup cut their price target on shares of Interpublic Group of Companies from $43.00 to $40.00 and set a “buy” rating on the stock in a research note on Monday, October 23rd. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, Interpublic Group of Companies has an average rating of “Hold” and an average target price of $35.78.

View Our Latest Research Report on Interpublic Group of Companies

Interpublic Group of Companies Stock Performance

Shares of IPG stock opened at $30.78 on Friday. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.78. Interpublic Group of Companies has a 52 week low of $27.20 and a 52 week high of $40.95. The stock has a market capitalization of $11.79 billion, a PE ratio of 10.80, a P/E/G ratio of 1.73 and a beta of 1.15. The firm has a 50 day moving average of $32.35 and a two-hundred day moving average of $31.24.

Interpublic Group of Companies (NYSE:IPGGet Free Report) last issued its quarterly earnings results on Thursday, February 8th. The business services provider reported $1.18 EPS for the quarter, beating the consensus estimate of $1.16 by $0.02. The company had revenue of $2.59 billion during the quarter, compared to analysts’ expectations of $2.57 billion. Interpublic Group of Companies had a net margin of 10.09% and a return on equity of 31.15%. The firm’s revenue was up 1.4% compared to the same quarter last year. During the same quarter last year, the company posted $1.02 EPS. On average, research analysts predict that Interpublic Group of Companies will post 2.93 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Independent Advisor Alliance acquired a new position in Interpublic Group of Companies in the second quarter valued at $536,000. New York Life Investment Management LLC increased its stake in Interpublic Group of Companies by 32.5% in the third quarter. New York Life Investment Management LLC now owns 99,678 shares of the business services provider’s stock valued at $2,857,000 after purchasing an additional 24,459 shares during the period. California Public Employees Retirement System increased its stake in Interpublic Group of Companies by 5.4% in the third quarter. California Public Employees Retirement System now owns 792,531 shares of the business services provider’s stock valued at $22,714,000 after purchasing an additional 40,889 shares during the period. Cibc World Markets Corp increased its stake in Interpublic Group of Companies by 951.7% in the second quarter. Cibc World Markets Corp now owns 206,626 shares of the business services provider’s stock valued at $7,972,000 after purchasing an additional 186,979 shares during the period. Finally, Bahl & Gaynor Inc. increased its stake in shares of Interpublic Group of Companies by 79.0% during the third quarter. Bahl & Gaynor Inc. now owns 89,792 shares of the business services provider’s stock worth $2,573,000 after acquiring an additional 39,617 shares during the period. 98.43% of the stock is currently owned by institutional investors and hedge funds.

Interpublic Group of Companies Company Profile

(Get Free Report)

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.

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

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