Interpublic Group of Companies (NYSE:IPG) Earns Hold Rating from Analysts at StockNews.com

StockNews.com initiated coverage on shares of Interpublic Group of Companies (NYSE:IPG - Free Report) in a research report sent to investors on Tuesday. The firm issued a hold rating on the business services provider's stock.

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

Interpublic Group of Companies Price Performance

NYSE IPG traded down $0.43 during trading on Tuesday, reaching $28.86. 2,037,167 shares of the company traded hands, compared to its average volume of 4,534,251. Interpublic Group of Companies has a 1-year low of $26.30 and a 1-year high of $35.17. The company has a market cap of $10.75 billion, a price-to-earnings ratio of 13.61 and a beta of 1.11. The stock's 50 day moving average price is $28.76 and its two-hundred day moving average price is $30.05. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.09 and a current ratio of 1.09.

Hedge Funds Weigh In On Interpublic Group of Companies

Several institutional investors have recently modified their holdings of the stock. State Street Corp boosted its stake in Interpublic Group of Companies by 15.1% during the 3rd quarter. State Street Corp now owns 29,844,859 shares of the business services provider's stock worth $943,993,000 after acquiring an additional 3,920,975 shares during the last quarter. Integrated Wealth Concepts LLC raised its holdings in Interpublic Group of Companies by 240.9% in the third quarter. Integrated Wealth Concepts LLC now owns 28,862 shares of the business services provider's stock worth $913,000 after purchasing an additional 20,395 shares during the period. International Assets Investment Management LLC boosted its position in shares of Interpublic Group of Companies by 2,679.9% during the third quarter. International Assets Investment Management LLC now owns 30,523 shares of the business services provider's stock worth $965,000 after purchasing an additional 29,425 shares in the last quarter. ING Groep NV acquired a new position in shares of Interpublic Group of Companies in the 3rd quarter valued at $1,589,000. Finally, Bridgewater Associates LP increased its position in shares of Interpublic Group of Companies by 956.5% in the 3rd quarter. Bridgewater Associates LP now owns 104,734 shares of the business services provider's stock valued at $3,313,000 after buying an additional 94,821 shares in the last quarter. 98.43% of the stock is currently owned by institutional investors and hedge funds.

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.