StockNews.com Begins Coverage on Interpublic Group of Companies (NYSE:IPG)

Analysts at StockNews.com began coverage on shares of Interpublic Group of Companies (NYSE:IPG - Get Free Report) in a research report issued to clients and investors on Wednesday. The firm set a "hold" rating on the business services provider's stock.

IPG has been the topic of several other research reports. Macquarie restated a "neutral" rating and set a $31.00 target price on shares of Interpublic Group of Companies in a research report on Tuesday, October 22nd. JPMorgan Chase & Co. raised Interpublic Group of Companies from a "neutral" rating to an "overweight" rating and lifted their target price for the company from $32.00 to $39.00 in a report on Monday, January 27th. Wells Fargo & Company upgraded shares of Interpublic Group of Companies from an "underweight" rating to an "equal weight" rating and raised their price objective for the company from $26.00 to $34.00 in a research report on Tuesday, December 10th. BNP Paribas upgraded shares of Interpublic Group of Companies from an "underperform" rating to an "outperform" rating and set a $38.00 target price on the stock in a research note on Friday, January 10th. Finally, Barclays upgraded Interpublic Group of Companies from an "equal weight" rating to an "overweight" rating and increased their price objective for the stock from $32.00 to $36.00 in a research report on Friday, January 24th. Two analysts have rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $33.75.

Interpublic Group of Companies Stock Performance

Interpublic Group of Companies stock traded down $0.24 during midday trading on Wednesday, reaching $27.48. The stock had a trading volume of 3,826,313 shares, compared to its average volume of 4,899,489. The firm has a market capitalization of $10.24 billion, a PE ratio of 12.96 and a beta of 1.11. Interpublic Group of Companies has a 12 month low of $26.30 and a 12 month high of $35.17. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.77. The firm's 50-day moving average price is $28.56 and its 200 day moving average price is $29.96.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in IPG. Catalyst Capital Advisors LLC bought a new position in shares of Interpublic Group of Companies during the third quarter valued at about $26,000. Ashton Thomas Securities LLC bought a new position in Interpublic Group of Companies during the 3rd quarter valued at approximately $32,000. Allworth Financial LP lifted its holdings in Interpublic Group of Companies by 75.8% in the 4th quarter. Allworth Financial LP now owns 1,113 shares of the business services provider's stock worth $31,000 after buying an additional 480 shares during the period. OFI Invest Asset Management bought a new stake in shares of Interpublic Group of Companies in the 4th quarter worth approximately $36,000. Finally, Brooklyn Investment Group purchased a new position in shares of Interpublic Group of Companies during the third quarter valued at approximately $60,000. 98.43% of the stock is owned by hedge funds and other institutional investors.

About Interpublic Group of Companies

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.