Equities researchers at RBC Capital cut their price target on shares of Interpublic Group Of Cos. (NYSE:IPG) from $19.00 to $18.00 in a research report issued on Monday, American Banking and Market News reports. The firm currently has an “outperform” rating on the stock. RBC Capital’s target price indicates a potential upside of 13.78% from the stock’s previous close.
Shares of Interpublic Group Of Cos. (NYSE:IPG) traded down 1.37% on Monday, hitting $15.82. The stock had a trading volume of 12,698,704 shares. Interpublic Group Of Cos. has a one year low of $9.38 and a one year high of $17.55. The stock has a 50-day moving average of $16.77 and a 200-day moving average of $15.29. The company has a market cap of $6.678 billion and a P/E ratio of 18.31.
Interpublic Group Of Cos. (NYSE:IPG) last posted its quarterly earnings results on Friday, October 18th. The company reported $0.17 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.18 by $0.01. The company had revenue of $1.70 billion for the quarter, compared to the consensus estimate of $1.71 billion. During the same quarter in the prior year, the company posted $0.15 earnings per share. The company’s quarterly revenue was up 1.8% on a year-over-year basis. On average, analysts predict that Interpublic Group Of Cos. will post $0.84 earnings per share for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Interpublic Group Of Cos. in a research note to investors on Monday. They now have a $18.00 price target on the stock. Separately, analysts at Albert Fried & Company downgraded shares of Interpublic Group Of Cos. from an “overweight” rating to a “market perform” rating in a research note to investors on Friday. They now have a $18.00 price target on the stock. Finally, analysts at Zacks reiterated a “hold” rating on shares of Interpublic Group Of Cos. in a research note to investors on Thursday, October 10th. They now have a $16.00 price target on the stock. Six analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $16.34.
The Interpublic Group of Companies, Inc (NYSE:IPG) is a global advertising and marketing services companies.
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