Interpublic Group of Companies (NYSE:IPG) Stock Rating Upgraded by BNP Paribas

Interpublic Group of Companies (NYSE:IPG - Get Free Report) was upgraded by research analysts at BNP Paribas from an "underperform" rating to an "outperform" rating in a report released on Friday, Marketbeat reports. The brokerage currently has a $38.00 price target on the business services provider's stock. BNP Paribas' target price points to a potential upside of 42.38% from the stock's previous close.

IPG has been the subject of several other research reports. UBS Group downgraded shares of Interpublic Group of Companies from a "neutral" rating to a "sell" rating and reduced their price target for the company from $34.00 to $29.00 in a research report on Thursday, September 12th. Barclays reduced their target price on shares of Interpublic Group of Companies from $32.50 to $32.00 and set an "equal weight" rating for the company in a report on Wednesday, October 23rd. Macquarie restated a "neutral" rating and issued a $31.00 price target on shares of Interpublic Group of Companies in a research report on Tuesday, October 22nd. JPMorgan Chase & Co. cut Interpublic Group of Companies from an "overweight" rating to a "neutral" rating and decreased their price objective for the stock from $36.00 to $33.00 in a research report on Tuesday, October 1st. Finally, StockNews.com started coverage on Interpublic Group of Companies in a report on Saturday, January 4th. They issued a "hold" rating on the stock. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $32.50.

Interpublic Group of Companies Trading Down 3.1 %

NYSE:IPG traded down $0.84 on Friday, reaching $26.69. 6,783,747 shares of the company's stock were exchanged, compared to its average volume of 4,385,625. The business has a fifty day moving average of $29.12 and a 200-day moving average of $30.11. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.77. Interpublic Group of Companies has a 52-week low of $26.60 and a 52-week high of $35.17. The firm has a market capitalization of $9.94 billion, a price-to-earnings ratio of 12.59 and a beta of 1.11.

Interpublic Group of Companies (NYSE:IPG - Get Free Report) last announced its quarterly earnings data on Tuesday, October 22nd. The business services provider reported $0.70 EPS for the quarter, meeting analysts' consensus estimates of $0.70. The company had revenue of $2.24 billion for the quarter, compared to the consensus estimate of $2.30 billion. Interpublic Group of Companies had a net margin of 7.44% and a return on equity of 27.76%. The company's quarterly revenue was down 2.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.70 EPS. As a group, analysts expect that Interpublic Group of Companies will post 2.81 earnings per share for the current year.

Institutional Investors Weigh In On Interpublic Group of Companies

Hedge funds and other institutional investors have recently bought and sold shares of the business. Rosenberg Matthew Hamilton grew its stake in shares of Interpublic Group of Companies by 9.7% in the third quarter. Rosenberg Matthew Hamilton now owns 4,136 shares of the business services provider's stock valued at $131,000 after buying an additional 365 shares in the last quarter. Benjamin Edwards Inc. grew its position in Interpublic Group of Companies by 73.8% in the second quarter. Benjamin Edwards Inc. now owns 883 shares of the business services provider's stock valued at $26,000 after acquiring an additional 375 shares in the last quarter. Ballentine Partners LLC raised its stake in shares of Interpublic Group of Companies by 2.9% during the third quarter. Ballentine Partners LLC now owns 14,058 shares of the business services provider's stock valued at $445,000 after purchasing an additional 399 shares during the period. EverSource Wealth Advisors LLC lifted its position in shares of Interpublic Group of Companies by 52.5% during the second quarter. EverSource Wealth Advisors LLC now owns 1,177 shares of the business services provider's stock worth $38,000 after purchasing an additional 405 shares in the last quarter. Finally, Empirical Finance LLC boosted its stake in shares of Interpublic Group of Companies by 1.3% in the third quarter. Empirical Finance LLC now owns 32,609 shares of the business services provider's stock valued at $1,031,000 after purchasing an additional 409 shares during the period. Institutional investors and hedge funds own 98.43% of the company's stock.

Interpublic Group of Companies Company Profile

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.