Interpublic Group of Companies, Inc. (The) (NYSE:IPG) Given Average Recommendation of "Hold" by Analysts

Shares of Interpublic Group of Companies, Inc. (The) (NYSE:IPG - Get Free Report) have earned a consensus rating of "Hold" from the ten research firms that are covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating on the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $32.06.

A number of research analysts have issued reports on the company. JPMorgan Chase & Co. decreased their target price on Interpublic Group of Companies from $35.00 to $33.00 and set an "overweight" rating on the stock in a research report on Thursday, July 10th. Wall Street Zen assumed coverage on Interpublic Group of Companies in a research report on Tuesday, May 20th. They issued a "hold" rating on the stock. Barclays cut Interpublic Group of Companies from an "overweight" rating to an "equal weight" rating and decreased their target price for the company from $34.00 to $27.50 in a research report on Wednesday, June 25th. Finally, Citigroup reiterated a "buy" rating and issued a $35.00 target price on shares of Interpublic Group of Companies in a research report on Tuesday, April 15th.

Interpublic Group of Companies Price Performance

Shares of NYSE IPG traded up $0.07 during mid-day trading on Friday, reaching $24.20. The company had a trading volume of 11,070,935 shares, compared to its average volume of 6,037,236. Interpublic Group of Companies has a one year low of $22.51 and a one year high of $33.05. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.07 and a current ratio of 1.07. The business's 50-day simple moving average is $24.28 and its 200 day simple moving average is $25.72. The firm has a market cap of $8.95 billion, a price-to-earnings ratio of 18.47 and a beta of 1.05.

Interpublic Group of Companies (NYSE:IPG - Get Free Report) last released its earnings results on Thursday, April 24th. The business services provider reported $0.33 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.30 by $0.03. Interpublic Group of Companies had a return on equity of 27.21% and a net margin of 4.69%. The firm had revenue of $2 billion for the quarter, compared to analysts' expectations of $1.98 billion. During the same quarter in the previous year, the business posted $0.36 earnings per share. The business's revenue for the quarter was down 6.9% on a year-over-year basis. On average, research analysts predict that Interpublic Group of Companies will post 2.66 earnings per share for the current fiscal year.

Interpublic Group of Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 5.45%. The ex-dividend date was Monday, June 2nd. Interpublic Group of Companies's dividend payout ratio is currently 100.76%.

Hedge Funds Weigh In On Interpublic Group of Companies

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Teacher Retirement System of Texas acquired a new position in shares of Interpublic Group of Companies in the first quarter worth approximately $1,480,000. Asset Management One Co. Ltd. increased its holdings in shares of Interpublic Group of Companies by 2.4% during the first quarter. Asset Management One Co. Ltd. now owns 153,830 shares of the business services provider's stock valued at $4,178,000 after acquiring an additional 3,547 shares in the last quarter. State of Alaska Department of Revenue increased its holdings in shares of Interpublic Group of Companies by 2.8% during the first quarter. State of Alaska Department of Revenue now owns 43,655 shares of the business services provider's stock valued at $1,185,000 after acquiring an additional 1,170 shares in the last quarter. LPL Financial LLC increased its holdings in shares of Interpublic Group of Companies by 0.9% during the fourth quarter. LPL Financial LLC now owns 465,454 shares of the business services provider's stock valued at $13,042,000 after acquiring an additional 4,177 shares in the last quarter. Finally, Schroder Investment Management Group increased its holdings in shares of Interpublic Group of Companies by 1.0% during the fourth quarter. Schroder Investment Management Group now owns 133,888 shares of the business services provider's stock valued at $3,721,000 after acquiring an additional 1,267 shares in the last quarter. 98.43% of the stock is owned by institutional investors and hedge funds.

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.