The Wedbush Reiterates Outperform Rating for Interpublic Group of Companies, Inc. (The) (IPG), Report finds

IPG has been the subject of several other research reports. Albert Fried & Company reaffirmed a “hold” rating and set a $23.00 price objective on shares of Interpublic Group of Companies, Inc. (The) in a research note on Thursday, October 27th. Royal Bank Of Canada upped their price objective on shares of Interpublic Group of Companies, Inc. (The) from $27.00 to $29.00 and gave the company a “top pick” rating in a research note on Friday, January 6th. Morgan Stanley cut shares of Interpublic Group of Companies, Inc. (The) from an “overweight” rating to an “equal weight” rating and set a $26.00 price objective for the company. in a research note on Thursday, January 5th. Zacks Investment Research upgraded shares of Interpublic Group of Companies, Inc. (The) from a “sell” rating to a “hold” rating in a report on Monday, January 9th. Finally, S&P Equity Research reiterated a “reduce” rating on shares of Interpublic Group of Companies, Inc. (The) in a report on Thursday, January 12th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, six have issued a buy rating and two have issued a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $26.64.

Interpublic Group of Companies, Inc. (The) (NYSE:IPG)‘s stock had its “outperform” rating reissued by equities research analysts at Wedbush in a research report issued on Monday. They currently have a $28.00 price target on the stock, down from their prior price target of $29.00. Wedbush’s target price points to a potential upside of 15.56% from the company’s current price.

Shares of Interpublic Group of Companies, Inc. (NYSE:IPG) opened at 24.23 on Monday. The stock has a market capitalization of $9.62 billion, a price-to-earnings ratio of 16.26 and a beta of 1.60. Interpublic Group of Companies, Inc. has a 1-year low of $19.92 and a 1-year high of $25.33. The stock has a 50 day moving average price of $23.50 and a 200 day moving average price of $23.08.

Interpublic Group of Companies, Inc. (The) (NYSE:IPG) last announced its quarterly earnings data on Friday, February 10th. The company reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.08. Interpublic Group of Companies, Inc. (The) had a net margin of 7.76% and a return on equity of 28.31%. The company earned $2.26 billion during the quarter, compared to analysts’ expectations of $2.27 billion. During the same quarter in the prior year, the company earned $0.66 EPS. Interpublic Group of Companies, Inc. (The)’s revenue was up 3.1% compared to the same quarter last year. Equities research analysts anticipate that Interpublic Group of Companies, Inc. will post $1.45 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 15th. Shareholders of record on Wednesday, March 1st will be issued a dividend of $0.18 per share. The ex-dividend date of this dividend is Monday, February 27th. This is a positive change from Interpublic Group of Companies, Inc. (The)’s previous quarterly dividend of $0.15. This represents a $0.72 dividend on an annualized basis and a yield of 2.97%. Interpublic Group of Companies, Inc. (The)’s dividend payout ratio is 40.27%.

A number of large investors have recently added to or reduced their stakes in IPG. Signaturefd LLC raised its stake in Interpublic Group of Companies, Inc. (The) by 1.1% in the second quarter. Signaturefd LLC now owns 4,490 shares of the company’s stock worth $104,000 after buying an additional 50 shares during the period. Cornerstone Advisors Inc. raised its stake in Interpublic Group of Companies, Inc. (The) by 5,388.3% in the third quarter. Cornerstone Advisors Inc. now owns 5,159 shares of the company’s stock worth $115,000 after buying an additional 5,065 shares during the period. Van ECK Associates Corp raised its stake in Interpublic Group of Companies, Inc. (The) by 12.7% in the fourth quarter. Van ECK Associates Corp now owns 5,176 shares of the company’s stock worth $121,000 after buying an additional 582 shares during the period. Global X Management Co. LLC raised its stake in Interpublic Group of Companies, Inc. (The) by 76.3% in the third quarter. Global X Management Co. LLC now owns 5,723 shares of the company’s stock worth $128,000 after buying an additional 2,476 shares during the period. Finally, Financial Engines Advisors L.L.C. raised its stake in Interpublic Group of Companies, Inc. (The) by 18.4% in the second quarter. Financial Engines Advisors L.L.C. now owns 6,332 shares of the company’s stock worth $146,000 after buying an additional 982 shares during the period. Institutional investors own 96.79% of the company’s stock.

Interpublic Group of Companies, Inc. (The) Company Profile

The Interpublic Group of Companies, Inc (IPG) is an advertising and marketing services company. IPG’s companies are engaged in consumer advertising, digital marketing, communications planning and media buying, public relations and specialized communications disciplines. The Company operates through two segments: Integrated Agency Networks (IAN) and Constituency Management Group (CMG).

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