The Interpublic Group of Companies, Inc. (NYSE:IPG) Receives $34.13 Average PT from Analysts

Shares of The Interpublic Group of Companies, Inc. (NYSE:IPG) have earned a consensus rating of “Hold” from the eight ratings firms that are presently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $34.13.

A number of research analysts have recently commented on the company. JPMorgan Chase & Co. lowered their price target on Interpublic Group of Companies from $37.00 to $36.00 and set an “overweight” rating on the stock in a report on Friday, July 12th. Wells Fargo & Company lowered their price target on Interpublic Group of Companies from $32.00 to $31.00 and set an “equal weight” rating on the stock in a report on Thursday, April 25th. Barclays lowered their price target on Interpublic Group of Companies from $35.00 to $34.00 and set an “equal weight” rating on the stock in a report on Thursday, July 25th. Macquarie decreased their target price on Interpublic Group of Companies from $33.00 to $31.00 and set a “neutral” rating for the company in a research note on Thursday, July 25th. Finally, Bank of America decreased their target price on Interpublic Group of Companies from $38.00 to $37.00 and set a “buy” rating for the company in a research note on Tuesday, June 25th.

Interpublic Group of Companies Price Performance

Shares of NYSE IPG opened at $30.41 on Friday. Interpublic Group of Companies has a 1-year low of $27.20 and a 1-year high of $35.17. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.07 and a quick ratio of 1.06. The business’s fifty day moving average price is $29.83 and its two-hundred day moving average price is $31.14. The firm has a market capitalization of $11.48 billion, a PE ratio of 10.82, a P/E/G ratio of 3.29 and a beta of 1.12.

Interpublic Group of Companies (NYSE:IPG) last issued its quarterly earnings results on Wednesday, July 24th. The business services provider reported $0.61 EPS for the quarter, beating analysts’ consensus estimates of $0.59 by $0.02. The company had revenue of $2.71 billion for the quarter, compared to analyst estimates of $2.33 billion. Interpublic Group of Companies had a return on equity of 27.98% and a net margin of 9.46%. The company’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same period last year, the company earned $0.74 earnings per share. On average, research analysts expect that Interpublic Group of Companies will post 2.8 EPS for the current year.

Interpublic Group of Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 17th. Investors of record on Tuesday, September 3rd will be given a $0.33 dividend. The ex-dividend date is Tuesday, September 3rd. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.34%. Interpublic Group of Companies’s dividend payout ratio (DPR) is 46.98%.

Hedge Funds Weigh In On Interpublic Group of Companies

Hedge funds and other institutional investors have recently modified their holdings of the stock. Turtle Creek Wealth Advisors LLC acquired a new position in shares of Interpublic Group of Companies in the 4th quarter valued at $29,000. Voisard Asset Management Group Inc. acquired a new position in shares of Interpublic Group of Companies in the 4th quarter valued at $31,000. Hazlett Burt & Watson Inc. boosted its position in shares of Interpublic Group of Companies by 652.2% in the 2nd quarter. Hazlett Burt & Watson Inc. now owns 1,038 shares of the business services provider’s stock valued at $30,000 after purchasing an additional 900 shares during the period. Tobam lifted its stake in Interpublic Group of Companies by 2,340.0% in the 4th quarter. Tobam now owns 1,098 shares of the business services provider’s stock worth $36,000 after acquiring an additional 1,053 shares in the last quarter. Finally, International Assets Investment Management LLC purchased a new stake in Interpublic Group of Companies in the 2nd quarter worth about $32,000. Institutional investors and hedge funds 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.