Interpublic Group of Companies, Inc. (The) (NYSE:IPG) Receives $32.01 Consensus Price Target from Brokerages

Interpublic Group of Companies, Inc. (The) (NYSE:IPG - Get Free Report) has been given an average recommendation of "Hold" by the eight research firms that are presently covering the firm, MarketBeat reports. Five research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $32.0143.

A number of equities research analysts have commented on the company. Barclays cut Interpublic Group of Companies from an "overweight" rating to an "equal weight" rating and decreased their price target for the company from $34.00 to $27.50 in a report on Wednesday, June 25th. Wall Street Zen raised Interpublic Group of Companies to a "hold" rating in a report on Saturday, August 16th. UBS Group dropped their price target on Interpublic Group of Companies from $27.00 to $25.60 and set a "neutral" rating for the company in a research note on Wednesday, July 23rd. Finally, JPMorgan Chase & Co. dropped their price target on Interpublic Group of Companies from $35.00 to $33.00 and set an "overweight" rating for the company in a research note on Thursday, July 10th.

Interpublic Group of Companies Stock Performance

NYSE IPG traded up $0.56 during trading hours on Monday, hitting $26.52. The company's stock had a trading volume of 2,321,226 shares, compared to its average volume of 6,750,119. The company has a market cap of $9.71 billion, a P/E ratio of 22.49 and a beta of 1.09. Interpublic Group of Companies has a 12 month low of $22.51 and a 12 month high of $33.05. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.07 and a quick ratio of 1.07. The company's 50 day simple moving average is $25.68 and its two-hundred day simple moving average is $25.24.

Interpublic Group of Companies (NYSE:IPG - Get Free Report) last released its quarterly earnings results on Tuesday, July 22nd. The business services provider reported $0.75 EPS for the quarter, beating the consensus estimate of $0.55 by $0.20. The firm had revenue of $2.17 billion during the quarter, compared to analyst estimates of $2.15 billion. Interpublic Group of Companies had a net margin of 4.27% and a return on equity of 28.72%. The business's revenue for the quarter was down 6.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.61 EPS. As a group, sell-side analysts expect that Interpublic Group of Companies will post 2.66 EPS for the current fiscal year.

Interpublic Group of Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd will be paid a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 5.0%. The ex-dividend date is Tuesday, September 2nd. Interpublic Group of Companies's dividend payout ratio is presently 111.86%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in IPG. CYBER HORNET ETFs LLC bought a new position in shares of Interpublic Group of Companies during the 2nd quarter valued at approximately $25,000. Sentry Investment Management LLC purchased a new position in Interpublic Group of Companies in the first quarter worth about $31,000. Parkside Financial Bank & Trust grew its position in Interpublic Group of Companies by 72.0% in the second quarter. Parkside Financial Bank & Trust now owns 1,397 shares of the business services provider's stock worth $34,000 after acquiring an additional 585 shares in the last quarter. Raiffeisen Bank International AG bought a new stake in Interpublic Group of Companies in the fourth quarter worth $42,000. Finally, FNY Investment Advisers LLC bought a new stake in Interpublic Group of Companies in the first quarter worth $44,000. 98.43% of the stock is currently owned by 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.