Brokerages Set The Interpublic Group of Companies, Inc. (NYSE:IPG) Price Target at $30.57

Shares of The Interpublic Group of Companies, Inc. (NYSE:IPG - Get Free Report) have received an average recommendation of "Reduce" from the eight ratings firms that are presently covering the stock, Marketbeat Ratings reports. Four investment analysts have rated the stock with a sell recommendation, three have given a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $30.57.

Several equities analysts have recently issued reports on IPG shares. Wells Fargo & Company reissued an "underweight" rating and issued a $26.00 price target (down previously from $28.00) on shares of Interpublic Group of Companies in a report on Tuesday, October 22nd. JPMorgan Chase & Co. cut Interpublic Group of Companies from an "overweight" rating to a "neutral" rating and lowered their price objective for the company from $36.00 to $33.00 in a research note on Tuesday, October 1st. Morgan Stanley lowered Interpublic Group of Companies from an "equal weight" rating to an "underweight" rating and dropped their price objective for the company from $34.00 to $28.00 in a research note on Monday, July 22nd. UBS Group downgraded shares of Interpublic Group of Companies from a "neutral" rating to a "sell" rating and dropped their target price for the company from $34.00 to $29.00 in a report on Thursday, September 12th. Finally, Bank of America cut their price objective on Interpublic Group of Companies from $36.00 to $35.00 and set a "buy" rating on the stock in a research note on Thursday, September 5th.

Interpublic Group of Companies Stock Performance

IPG stock traded down $0.37 during midday trading on Tuesday, hitting $29.25. The company's stock had a trading volume of 4,456,166 shares, compared to its average volume of 3,914,516. The stock has a market cap of $10.90 billion, a price-to-earnings ratio of 13.97, a PEG ratio of 5.01 and a beta of 1.10. 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 1 year low of $28.00 and a 1 year high of $35.17. The stock's 50-day moving average price is $30.84 and its 200 day moving average price is $30.65.

Interpublic Group of Companies (NYSE:IPG - Get Free Report) last released its quarterly earnings data on Tuesday, October 22nd. The business services provider reported $0.70 earnings per share for the quarter, hitting analysts' consensus estimates of $0.70. The company had revenue of $2.24 billion during the quarter, compared to analyst estimates 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 for the quarter was down 2.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.70 earnings per share. On average, equities analysts forecast that Interpublic Group of Companies will post 2.81 EPS for the current year.

Interpublic Group of Companies Announces Dividend

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Catalyst Capital Advisors LLC bought a new position in shares of Interpublic Group of Companies in the third quarter worth $26,000. Benjamin Edwards Inc. raised its holdings in Interpublic Group of Companies by 73.8% in the 2nd 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 during the last quarter. Ashton Thomas Securities LLC acquired a new stake in shares of Interpublic Group of Companies in the third quarter worth approximately $32,000. Hazlett Burt & Watson Inc. boosted its position 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 during the period. Finally, International Assets Investment Management LLC bought a new stake in Interpublic Group of Companies in the 2nd quarter valued at approximately $32,000. 98.43% of the stock is currently 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.