Interpublic Group of Companies (NYSE:IPG) Downgraded by Barclays to Equal Weight

Interpublic Group of Companies (NYSE:IPG - Get Free Report) was downgraded by equities researchers at Barclays from an "overweight" rating to an "equal weight" rating in a note issued to investors on Wednesday,Finviz reports. They currently have a $27.50 price objective on the business services provider's stock. Barclays's price objective would suggest a potential upside of 11.25% from the stock's current price.

Other analysts have also recently issued reports about the stock. Citigroup reaffirmed a "buy" rating and set a $35.00 price target on shares of Interpublic Group of Companies in a research report on Tuesday, April 15th. Wall Street Zen initiated coverage on Interpublic Group of Companies in a research note on Tuesday, May 20th. They issued a "hold" rating for the company. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, Interpublic Group of Companies has a consensus rating of "Hold" and a consensus target price of $32.72.

Interpublic Group of Companies Price Performance

IPG stock opened at $24.72 on Wednesday. The stock has a 50-day moving average price of $24.23 and a two-hundred day moving average price of $26.25. The company has a market cap of $9.14 billion, a PE ratio of 18.87 and a beta of 1.06. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.80. Interpublic Group of Companies has a 12-month low of $22.51 and a 12-month high of $33.05.

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

Institutional Trading of Interpublic Group of Companies

Institutional investors and hedge funds have recently modified their holdings of the business. Allworth Financial LP raised its stake in Interpublic Group of Companies by 75.8% during the fourth quarter. Allworth Financial LP now owns 1,113 shares of the business services provider's stock worth $31,000 after acquiring an additional 480 shares during the period. Sentry Investment Management LLC acquired a new stake in shares of Interpublic Group of Companies during the 1st quarter worth approximately $31,000. OFI Invest Asset Management bought a new stake in shares of Interpublic Group of Companies in the 4th quarter worth approximately $36,000. Raiffeisen Bank International AG bought a new stake in shares of Interpublic Group of Companies in the 4th quarter worth approximately $42,000. Finally, FNY Investment Advisers LLC acquired a new position in Interpublic Group of Companies during the 1st quarter valued at approximately $44,000. 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.

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