UBS Group Issues Pessimistic Forecast for Interpublic Group of Companies (NYSE:IPG) Stock Price

Interpublic Group of Companies (NYSE:IPG - Get Free Report) had its target price dropped by research analysts at UBS Group from $27.00 to $25.60 in a report issued on Wednesday,Benzinga reports. The brokerage presently has a "neutral" rating on the business services provider's stock. UBS Group's price target would suggest a potential downside of 1.71% from the company's previous close.

Other research analysts have also recently issued reports about the company. Citigroup reaffirmed a "buy" rating and issued a $35.00 price target on shares of Interpublic Group of Companies in a report on Tuesday, April 15th. Wall Street Zen started coverage on Interpublic Group of Companies in a research report on Tuesday, May 20th. They set a "hold" rating for the company. JPMorgan Chase & Co. reduced 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 report on Thursday, July 10th. Finally, Barclays downgraded Interpublic Group of Companies from an "overweight" rating to an "equal weight" rating and reduced their price target for the stock from $34.00 to $27.50 in a research report on Wednesday, June 25th. Six research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $32.39.

Interpublic Group of Companies Stock Down 1.0%

IPG traded down $0.27 during midday trading on Wednesday, hitting $26.05. 4,322,185 shares of the company's stock traded hands, compared to its average volume of 7,526,740. The company has a market cap of $9.54 billion, a PE ratio of 22.07 and a beta of 1.05. The stock's fifty day simple moving average is $24.32 and its 200-day simple moving average is $25.65. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.07 and a quick ratio of 1.07. Interpublic Group of Companies has a one year low of $22.51 and a one year high of $33.05.

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 analysts' consensus estimates 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 company had revenue of $2.17 billion for the quarter, compared to analyst estimates of $2.15 billion. During the same quarter last year, the firm posted $0.61 earnings per share. The company's quarterly revenue was down 6.6% compared to the same quarter last year. As a group, equities analysts anticipate that Interpublic Group of Companies will post 2.66 earnings per share for the current fiscal year.

Institutional Trading of Interpublic Group of Companies

Hedge funds have recently made changes to their positions in the company. Sentry Investment Management LLC acquired a new stake in shares of Interpublic Group of Companies during the first quarter valued at about $31,000. Raiffeisen Bank International AG bought a new position in shares of Interpublic Group of Companies during the fourth quarter worth about $42,000. FNY Investment Advisers LLC bought a new position in shares of Interpublic Group of Companies during the first quarter worth about $44,000. Grove Bank & Trust lifted its position in shares of Interpublic Group of Companies by 1,219.5% in the 1st quarter. Grove Bank & Trust now owns 2,164 shares of the business services provider's stock worth $59,000 after purchasing an additional 2,000 shares during the period. Finally, Brooklyn Investment Group lifted its position in shares of Interpublic Group of Companies by 20.0% in the 1st quarter. Brooklyn Investment Group now owns 2,349 shares of the business services provider's stock worth $64,000 after purchasing an additional 391 shares during the period. 98.43% of the stock is owned by institutional investors and hedge funds.

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.