The Interpublic Group of Companies (NYSE:IPG) had its target price increased by Morgan Stanley from $21.00 to $22.00 in a report issued on Thursday, Benzinga reports. The firm presently has an "equal weight" rating on the business services provider's stock. Morgan Stanley's target price suggests a potential upside of 17.65% from the company's current price.
Several other equities research analysts have also commented on the stock. Wolfe Research upgraded shares of The Interpublic Group of Companies from a "market perform" rating to an "outperform" rating and raised their price target for the company from $20.00 to $23.00 in a research note on Friday, October 16th. JPMorgan Chase & Co. increased their price objective on shares of The Interpublic Group of Companies from $23.00 to $25.00 and gave the company an "overweight" rating in a report on Friday, October 2nd. Finally, Moffett Nathanson upgraded shares of The Interpublic Group of Companies from a "neutral" rating to a "buy" rating and increased their price objective for the company from $19.00 to $24.00 in a report on Thursday. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the stock. The Interpublic Group of Companies presently has a consensus rating of "Hold" and an average target price of $21.50.
Shares of NYSE:IPG opened at $18.70 on Thursday. The firm's 50 day moving average is $17.61 and its two-hundred day moving average is $17.24. The Interpublic Group of Companies has a 52 week low of $11.63 and a 52 week high of $25.20. The firm has a market capitalization of $7.29 billion, a P/E ratio of 16.26, a PEG ratio of 8.91 and a beta of 1.00. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.37.
The Interpublic Group of Companies (NYSE:IPG) last announced its quarterly earnings results on Wednesday, October 21st. The business services provider reported $0.53 EPS for the quarter, beating the consensus estimate of $0.33 by $0.20. The Interpublic Group of Companies had a net margin of 4.66% and a return on equity of 25.72%. The company had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.88 billion. During the same quarter last year, the business earned $0.49 earnings per share. The Interpublic Group of Companies's revenue was down 5.2% compared to the same quarter last year. Analysts predict that The Interpublic Group of Companies will post 1.53 EPS for the current year.
Large investors have recently modified their holdings of the stock. APG Asset Management N.V. boosted its holdings in The Interpublic Group of Companies by 48.9% during the first quarter. APG Asset Management N.V. now owns 489,436 shares of the business services provider's stock worth $7,924,000 after buying an additional 160,645 shares in the last quarter. Guggenheim Capital LLC boosted its stake in The Interpublic Group of Companies by 19.4% in the 1st quarter. Guggenheim Capital LLC now owns 537,022 shares of the business services provider's stock worth $8,694,000 after purchasing an additional 87,383 shares during the period. Nissay Asset Management Corp Japan ADV boosted its stake in The Interpublic Group of Companies by 18.5% in the 2nd quarter. Nissay Asset Management Corp Japan ADV now owns 42,719 shares of the business services provider's stock worth $733,000 after purchasing an additional 6,680 shares during the period. Sumitomo Mitsui Trust Holdings Inc. boosted its stake in The Interpublic Group of Companies by 40.4% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 2,219,935 shares of the business services provider's stock worth $38,094,000 after purchasing an additional 639,344 shares during the period. Finally, Advisor Group Holdings Inc. acquired a new position in The Interpublic Group of Companies in the 1st quarter worth approximately $647,000. Hedge funds and other institutional investors own 98.58% of the company's stock.
About The Interpublic Group of Companies
The Interpublic Group of Companies, Inc provides advertising and marketing services worldwide. The company operates through two segments, Integrated Agency Networks and Constituency Management Group. The company offers consumer advertising, digital marketing, communications planning and media buying, public relations, and specialized communications disciplines, as well as data management services.
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7 Valuable China Stocks That May Get Delisted
As if investors didn’t have enough to think about in 2020, tensions between the United States and China are continuing to flare up. One of the issues, of course, is the “what did they know and when did they know it” events surrounding the novel coronavirus. There are also issues surrounding global supply chains and the fate of 5G networking.
But another issue that should be drawing the concern of investors is the threat of Chinese stocks being delisted from American exchanges. On Friday, June 26 Luckin Coffee was delisted from the NASDAQ. The company had been in hot water since reports early this year that it had credited itself with thousands of phantom sales.
But that isn’t the reason for the delisting. The reality is that Chinese companies don’t abide by the same agreed upon accounting standards as American companies. And that can make it harder for investors to get an accurate picture of what is going on with their business at a given moment.
However, like most issues between the two countries, it’s not as simple as that. There are Chinese companies that are considering voluntarily and unilaterally removing themselves from American exchanges and list on the Hong Kong or Shanghai exchanges.
While neither of these moves would mean that U.S. investors would be prohibited from trading these stocks, it could make it more difficult.
U.S. relations with China will be an issue during this election year, and likely beyond. It would be well worth your time and attention to pay careful attention to your current or planned exposure to these China stocks.
View the "7 Valuable China Stocks That May Get Delisted".