Interpublic Group of Companies' (IPG) "Hold (C)" Rating Reiterated at Weiss Ratings

Key Points

• Interpublic Group of Companies (IPG) received a "hold (c)" rating from Weiss Ratings, indicating that analysts believe investors should maintain their current positions in the stock.
• Recent price target adjustments from other analysts saw UBS Group reduce their target from $27.00 to $25.60, while Barclays increased theirs from $27.50 to $28.00.
• For the last quarter, IPG reported earnings per share of $0.75, surpassing estimates and highlighting its persistently strong financial performance despite a 6.6% year-over-year drop in revenue.

Interpublic Group of Companies (NYSE:IPG - Get Free Report)'s stock had its "hold (c)" rating reaffirmed by Weiss Ratings in a research note issued to investors on Wednesday,Weiss Ratings reports.

Other equities research analysts have also recently issued reports about the stock. UBS Group dropped their price target on shares of Interpublic Group of Companies from $27.00 to $25.60 and set a "neutral" rating on the stock in a research report on Wednesday, July 23rd. Barclays lifted their price target on Interpublic Group of Companies from $27.50 to $28.00 and gave the stock an "equal weight" rating in a research note on Tuesday. JPMorgan Chase & Co. dropped their price target on Interpublic Group of Companies from $35.00 to $33.00 and set an "overweight" rating on the stock in a research note on Thursday, July 10th. Finally, Wall Street Zen raised Interpublic Group of Companies to a "hold" rating in a research note on Saturday, August 16th. Three investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $32.09.

Interpublic Group of Companies Price Performance

Shares of Interpublic Group of Companies stock opened at $27.30 on Wednesday. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.78. The company's 50-day moving average price is $26.22 and its two-hundred day moving average price is $25.17. Interpublic Group of Companies has a 52 week low of $22.51 and a 52 week high of $33.05. The stock has a market cap of $10.00 billion, a PE ratio of 23.14 and a beta of 1.09.

Interpublic Group of Companies (NYSE:IPG - Get Free Report) last issued its quarterly 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 net margin of 4.27% and a return on equity of 28.72%. The firm had revenue of $2.17 billion for 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. Interpublic Group of Companies's revenue for the quarter was down 6.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that Interpublic Group of Companies will post 2.66 EPS for the current fiscal year.

Hedge Funds Weigh In On Interpublic Group of Companies

Several institutional investors and hedge funds have recently bought and sold shares of IPG. Farther Finance Advisors LLC grew its stake in Interpublic Group of Companies by 17.6% during the 1st quarter. Farther Finance Advisors LLC now owns 19,726 shares of the business services provider's stock valued at $515,000 after acquiring an additional 2,953 shares in the last quarter. SG Americas Securities LLC grew its stake in Interpublic Group of Companies by 462.1% during the 1st quarter. SG Americas Securities LLC now owns 114,134 shares of the business services provider's stock valued at $3,100,000 after acquiring an additional 93,829 shares in the last quarter. CX Institutional purchased a new position in Interpublic Group of Companies during the 1st quarter valued at about $179,000. Donaldson Capital Management LLC grew its stake in Interpublic Group of Companies by 19.9% during the 1st quarter. Donaldson Capital Management LLC now owns 31,532 shares of the business services provider's stock valued at $856,000 after acquiring an additional 5,226 shares in the last quarter. Finally, Palouse Capital Management Inc. grew its stake in Interpublic Group of Companies by 1.1% during the 1st quarter. Palouse Capital Management Inc. now owns 54,763 shares of the business services provider's stock valued at $1,487,000 after acquiring an additional 574 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.

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