Analysts Set The Interpublic Group of Companies, Inc. (NYSE:IPG) PT at $30.57

Shares of The Interpublic Group of Companies, Inc. (NYSE:IPG) have received a consensus rating of “Reduce” from the eight research firms that are presently covering the stock, Marketbeat.com reports. Four equities research analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and one has given a buy recommendation to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $30.57.

A number of equities research analysts recently weighed in on the stock. StockNews.com raised shares of Interpublic Group of Companies from a “sell” rating to a “hold” rating in a research report on Saturday, November 9th. Morgan Stanley cut Interpublic Group of Companies from an “equal weight” rating to an “underweight” rating and dropped their price target for the stock from $34.00 to $28.00 in a research report on Monday, July 22nd. JPMorgan Chase & Co. lowered Interpublic Group of Companies from an “overweight” rating to a “neutral” rating and reduced their price objective for the company from $36.00 to $33.00 in a research report on Tuesday, October 1st. UBS Group lowered Interpublic Group of Companies from a “neutral” rating to a “sell” rating and dropped their target price for the stock from $34.00 to $29.00 in a research report on Thursday, September 12th. Finally, Barclays reduced their price target on shares of Interpublic Group of Companies from $32.50 to $32.00 and set an “equal weight” rating for the company in a report on Wednesday, October 23rd.

Interpublic Group of Companies Price Performance

Shares of IPG opened at $27.09 on Tuesday. Interpublic Group of Companies has a 52 week low of $27.01 and a 52 week high of $35.17. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.77. The firm has a market cap of $10.09 billion, a price-to-earnings ratio of 12.78 and a beta of 1.10. The stock has a 50 day moving average of $30.62 and a 200-day moving average of $30.59.

Interpublic Group of Companies (NYSE:IPG) last released its quarterly earnings data on Tuesday, October 22nd. The business services provider reported $0.70 EPS for the quarter, hitting analysts’ consensus estimates of $0.70. The firm had revenue of $2.24 billion during the quarter, compared to the consensus estimate of $2.30 billion. Interpublic Group of Companies had a net margin of 7.44% and a return on equity of 27.76%. The firm’s revenue was down 2.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.70 earnings per share. As a group, analysts forecast that Interpublic Group of Companies will post 2.82 EPS for the current year.

Interpublic Group of Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be paid a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.87%. The ex-dividend date is Monday, December 2nd. Interpublic Group of Companies’s dividend payout ratio is currently 62.26%.

Hedge Funds Weigh In On Interpublic Group of Companies

A number of institutional investors and hedge funds have recently bought and sold shares of IPG. Benjamin Edwards Inc. lifted its stake in shares of Interpublic Group of Companies by 73.8% in the 2nd quarter. Benjamin Edwards Inc. now owns 883 shares of the business services provider’s stock worth $26,000 after acquiring an additional 375 shares during the period. Catalyst Capital Advisors LLC acquired a new stake in Interpublic Group of Companies in the third quarter worth approximately $26,000. Hazlett Burt & Watson Inc. boosted its stake in Interpublic Group of Companies by 652.2% during 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 in the last quarter. International Assets Investment Management LLC acquired a new position in shares of Interpublic Group of Companies during the 2nd quarter valued at $32,000. Finally, Ashton Thomas Securities LLC bought a new stake in shares of Interpublic Group of Companies in the 3rd quarter worth $32,000. Institutional investors own 98.43% of the company’s stock.

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.