The Interpublic Group of Companies, Inc. (NYSE:IPG) Receives $30.57 Consensus PT from Brokerages

The Interpublic Group of Companies, Inc. (NYSE:IPG - Get Free Report) has been assigned an average recommendation of "Reduce" from the eight ratings firms that are covering the firm, Marketbeat reports. Four research analysts have rated the stock with a sell recommendation, three have given a hold recommendation and one has given a buy recommendation to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $30.57.

Several research analysts have recently commented on IPG shares. BNP Paribas downgraded Interpublic Group of Companies from a "neutral" rating to an "underperform" rating in a report on Monday, September 30th. JPMorgan Chase & Co. cut Interpublic Group of Companies from an "overweight" rating to a "neutral" rating and decreased their price target for the stock from $36.00 to $33.00 in a research note on Tuesday, October 1st. Macquarie reissued a "neutral" rating and set a $31.00 price objective on shares of Interpublic Group of Companies in a research note on Tuesday, October 22nd. UBS Group cut shares of Interpublic Group of Companies from a "neutral" rating to a "sell" rating and cut their target price for the stock from $34.00 to $29.00 in a report on Thursday, September 12th. Finally, Bank of America lowered their price target on shares of Interpublic Group of Companies from $36.00 to $35.00 and set a "buy" rating for the company in a report on Thursday, September 5th.

Interpublic Group of Companies Price Performance

IPG traded down $0.22 during midday trading on Friday, hitting $29.26. The stock had a trading volume of 3,557,588 shares, compared to its average volume of 5,146,327. Interpublic Group of Companies has a 1 year low of $26.88 and a 1 year high of $35.17. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.09 and a current ratio of 1.09. The business has a fifty day moving average of $30.15 and a 200 day moving average of $30.42. The company has a market cap of $10.90 billion, a P/E ratio of 13.80 and a beta of 1.10.

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 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.70. The company had revenue of $2.24 billion during the quarter, compared to analysts' expectations of $2.30 billion. Interpublic Group of Companies had a net margin of 7.44% and a return on equity of 27.76%. The firm's revenue was down 2.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.70 EPS. As a group, equities analysts forecast that Interpublic Group of Companies will post 2.82 earnings per share for the current fiscal year.

Interpublic Group of Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 4.51%. The ex-dividend date of this dividend is Monday, December 2nd. Interpublic Group of Companies's payout ratio is currently 62.26%.

Institutional Investors Weigh In On Interpublic Group of Companies

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Boston Trust Walden Corp increased its position in Interpublic Group of Companies by 3.0% during the 2nd quarter. Boston Trust Walden Corp now owns 1,187,086 shares of the business services provider's stock valued at $34,532,000 after buying an additional 34,965 shares in the last quarter. SG Americas Securities LLC boosted its stake in Interpublic Group of Companies by 176.5% in the 2nd quarter. SG Americas Securities LLC now owns 254,498 shares of the business services provider's stock worth $7,403,000 after purchasing an additional 162,468 shares in the last quarter. Andra AP fonden increased its stake in Interpublic Group of Companies by 16.2% during the 2nd quarter. Andra AP fonden now owns 532,100 shares of the business services provider's stock valued at $15,479,000 after purchasing an additional 74,200 shares in the last quarter. M&G Plc bought a new position in shares of Interpublic Group of Companies in the second quarter worth approximately $605,000. Finally, Cetera Investment Advisers increased its position in shares of Interpublic Group of Companies by 87.4% during the first quarter. Cetera Investment Advisers now owns 73,149 shares of the business services provider's stock valued at $2,387,000 after acquiring an additional 34,122 shares in the last quarter. 98.43% of the stock is owned by hedge funds and other institutional investors.

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.