Interpublic Group of Companies, Inc. (The) (NYSE:IPG) Receives $32.39 Consensus Target Price from Brokerages

Key Points

• Interpublic Group of Companies, Inc. (NYSE:IPG) has a consensus rating of "Hold", with five analysts rating it as such and four giving it a buy rating, while the average 12-month target price is approximately $32.39.
• The company reported $0.75 earnings per share, exceeding estimates by $0.20, although quarterly revenue showed a decline of 6.6% year-over-year.
• Interpublic Group will pay a quarterly dividend of $0.33 per share, reflecting a 5.0% yield and a payout ratio of 111.86%.

Interpublic Group of Companies, Inc. (The) (NYSE:IPG - Get Free Report) has been given a consensus recommendation of "Hold" by the nine analysts that are currently covering the firm, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $32.3875.

IPG has been the subject of a number of research reports. JPMorgan Chase & Co. cut their price objective on Interpublic Group of Companies from $35.00 to $33.00 and set an "overweight" rating for the company in a report on Thursday, July 10th. UBS Group cut their price objective on Interpublic Group of Companies from $27.00 to $25.60 and set a "neutral" rating for the company in a report on Wednesday, July 23rd. Wall Street Zen upgraded Interpublic Group of Companies to a "hold" rating in a report on Saturday. Finally, Barclays cut Interpublic Group of Companies from an "overweight" rating to an "equal weight" rating and cut their price objective for the stock from $34.00 to $27.50 in a report on Wednesday, June 25th.

Interpublic Group of Companies Price Performance

Interpublic Group of Companies stock traded up $0.25 during midday trading on Thursday, hitting $26.10. 5,284,106 shares of the company's stock were exchanged, compared to its average volume of 6,285,047. Interpublic Group of Companies has a 52-week low of $22.51 and a 52-week high of $33.05. The stock has a 50-day moving average price of $24.68 and a two-hundred day moving average price of $25.35. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.07 and a current ratio of 1.07. The company has a market cap of $9.56 billion, a P/E ratio of 22.12 and a beta of 1.05.

Interpublic Group of Companies (NYSE:IPG - Get Free Report) last posted its earnings results on Tuesday, July 22nd. The business services provider reported $0.75 EPS for the quarter, topping the consensus estimate of $0.55 by $0.20. Interpublic Group of Companies had a return on equity of 28.72% and a net margin of 4.27%. The business had revenue of $2.17 billion during the quarter, compared to analysts' expectations of $2.15 billion. During the same period in the previous year, the business earned $0.61 earnings per share. The firm's revenue was down 6.6% on a year-over-year basis. On average, equities research analysts forecast that Interpublic Group of Companies will post 2.66 earnings per share for the current year.

Interpublic Group of Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd will be issued a $0.33 dividend. The ex-dividend date is Tuesday, September 2nd. This represents a $1.32 annualized dividend and a yield of 5.1%. Interpublic Group of Companies's dividend payout ratio (DPR) is 111.86%.

Institutional Investors Weigh In On Interpublic Group of Companies

Several institutional investors and hedge funds have recently bought and sold shares of IPG. Sentry Investment Management LLC bought a new position in Interpublic Group of Companies during the 1st quarter valued at approximately $31,000. Parkside Financial Bank & Trust boosted its stake in shares of Interpublic Group of Companies by 72.0% in the 2nd quarter. Parkside Financial Bank & Trust now owns 1,397 shares of the business services provider's stock worth $34,000 after buying an additional 585 shares during the last quarter. Raiffeisen Bank International AG purchased a new position in shares of Interpublic Group of Companies in the 4th quarter worth $42,000. FNY Investment Advisers LLC purchased a new position in shares of Interpublic Group of Companies in the 1st quarter worth $44,000. Finally, Grove Bank & Trust lifted its position in Interpublic Group of Companies by 1,219.5% during the first quarter. Grove Bank & Trust now owns 2,164 shares of the business services provider's stock valued at $59,000 after purchasing an additional 2,000 shares in the last quarter. Hedge funds and other institutional investors own 98.43% of the company's stock.

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.