The Interpublic Group of Companies, Inc. (NYSE:IPG) Receives $32.44 Consensus Target Price from Analysts

The Interpublic Group of Companies, Inc. (NYSE:IPG - Get Free Report) has been given a consensus recommendation of "Reduce" by the nine research firms that are currently covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating on the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $32.44.

A number of equities research analysts recently issued reports on IPG shares. Macquarie decreased their price target on shares of Interpublic Group of Companies from $33.00 to $31.00 and set a "neutral" rating on the stock in a research note on Thursday, July 25th. UBS Group downgraded shares of Interpublic Group of Companies from a "neutral" rating to a "sell" rating and decreased their price target for the company from $34.00 to $29.00 in a research note on Thursday, September 12th. JPMorgan Chase & Co. downgraded shares of Interpublic Group of Companies from an "overweight" rating to a "neutral" rating and decreased their price target for the company from $36.00 to $33.00 in a research note on Tuesday, October 1st. Barclays decreased their price target on shares of Interpublic Group of Companies from $34.00 to $32.50 and set an "equal weight" rating on the stock in a research note on Wednesday, October 2nd. Finally, Morgan Stanley downgraded shares of Interpublic Group of Companies from an "equal weight" rating to an "underweight" rating and decreased their price target for the company from $34.00 to $28.00 in a research note on Monday, July 22nd.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Benjamin Edwards Inc. grew its holdings in Interpublic Group of Companies by 73.8% during the 2nd quarter. Benjamin Edwards Inc. now owns 883 shares of the business services provider's stock worth $26,000 after acquiring an additional 375 shares in the last quarter. Hazlett Burt & Watson Inc. grew its holdings in Interpublic Group of Companies by 652.2% during the 2nd quarter. Hazlett Burt & Watson Inc. now owns 1,038 shares of the business services provider's stock worth $30,000 after acquiring an additional 900 shares in the last quarter. International Assets Investment Management LLC bought a new position in Interpublic Group of Companies during the 2nd quarter worth about $32,000. EverSource Wealth Advisors LLC grew its holdings in Interpublic Group of Companies by 52.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,177 shares of the business services provider's stock worth $38,000 after acquiring an additional 405 shares in the last quarter. Finally, Quest Partners LLC bought a new position in Interpublic Group of Companies during the 2nd quarter worth about $39,000. Hedge funds and other institutional investors own 98.43% of the company's stock.

Interpublic Group of Companies Price Performance

Shares of IPG traded down $0.03 during mid-day trading on Friday, reaching $32.04. The stock had a trading volume of 3,450,926 shares, compared to its average volume of 3,897,265. The firm has a market cap of $12.09 billion, a price-to-earnings ratio of 11.41, a PEG ratio of 5.18 and a beta of 1.09. Interpublic Group of Companies has a 12 month low of $27.20 and a 12 month high of $35.17. The business has a fifty day moving average of $31.36 and a 200 day moving average of $30.79. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.06 and a current ratio of 1.07.

Interpublic Group of Companies (NYSE:IPG - Get Free Report) last issued its earnings results on Wednesday, July 24th. The business services provider reported $0.61 earnings per share for the quarter, topping analysts' consensus estimates of $0.59 by $0.02. Interpublic Group of Companies had a net margin of 9.46% and a return on equity of 27.98%. The firm had revenue of $2.71 billion during the quarter, compared to analyst estimates of $2.33 billion. During the same quarter in the prior year, the business earned $0.74 earnings per share. Interpublic Group of Companies's revenue for the quarter was up 1.6% on a year-over-year basis. Equities analysts predict that Interpublic Group of Companies will post 2.83 EPS for the current year.

Interpublic Group of Companies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 17th. Investors of record on Tuesday, September 3rd were paid a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 4.12%. The ex-dividend date of this dividend was Tuesday, September 3rd. Interpublic Group of Companies's dividend payout ratio is presently 46.98%.

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.