Pivotal Research reaffirmed their buy rating on shares of Interpublic Group of Companies (NYSE:IPG) in a report issued on Tuesday. The firm currently has a $26.00 target price on the business services provider’s stock.

“We note that Omnicom has stated in filings that they “do not expect the change in the principal versus agent determination, if any, to have a material effect on (their) results of operations” because of the change in revenue recognition, as we believe Omnicom already records relevant activity on a gross basis. By contrast, IPG has stated that “the standard will also result in an increase in third party costs being included in revenue, primarily in connection with our events businesses, which will have no impact on operating income or net income.” WPP already provides disclosures related to gross vs. net revenues, but has previously indicated that it “does not expect any change to have a material effect on our results of operations.” Post these news items, valuations are unchanged. IPG is valued at $26, Omnicom at $76, Publicis at €65 and WPP at 1580p. IPG, Publicis and WPP are Buy-rated while Omnicom is Hold-rated.”,” Pivotal Research’s analyst wrote.

Other analysts have also recently issued research reports about the stock. Zacks Investment Research upgraded shares of Interpublic Group of Companies from a sell rating to a hold rating in a research note on Tuesday, September 26th. Morgan Stanley restated a hold rating on shares of Interpublic Group of Companies in a research note on Monday, October 16th. Jefferies Group cut shares of Interpublic Group of Companies from a buy rating to a hold rating in a research note on Wednesday, December 13th. TheStreet cut shares of Interpublic Group of Companies from a b- rating to a c+ rating in a research note on Wednesday, November 22nd. Finally, Wells Fargo & Co restated a buy rating on shares of Interpublic Group of Companies in a research note on Tuesday, October 24th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and eight have assigned a buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus price target of $25.79.

Shares of Interpublic Group of Companies (NYSE IPG) traded up $0.14 during trading hours on Tuesday, reaching $21.87. 210,154 shares of the company were exchanged, compared to its average volume of 5,149,520. The firm has a market cap of $8,440.00, a PE ratio of 27.00, a P/E/G ratio of 1.32 and a beta of 1.47. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.93 and a current ratio of 0.93. Interpublic Group of Companies has a 12-month low of $18.30 and a 12-month high of $25.71.

In other news, Director H John Greeniaus sold 43,479 shares of the firm’s stock in a transaction on Friday, November 10th. The shares were sold at an average price of $19.00, for a total value of $826,101.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.49% of the stock is currently owned by company insiders.

Institutional investors and hedge funds have recently made changes to their positions in the company. Capstone Investment Advisors Netherlands B.V. increased its holdings in shares of Interpublic Group of Companies by 35.6% in the 2nd quarter. Capstone Investment Advisors Netherlands B.V. now owns 4,775 shares of the business services provider’s stock valued at $117,000 after purchasing an additional 1,254 shares in the last quarter. Franklin Resources Inc. purchased a new position in shares of Interpublic Group of Companies in the 2nd quarter valued at about $205,000. Ameritas Investment Partners Inc. increased its holdings in shares of Interpublic Group of Companies by 1.0% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 9,123 shares of the business services provider’s stock valued at $224,000 after purchasing an additional 90 shares in the last quarter. Cubist Systematic Strategies LLC increased its holdings in shares of Interpublic Group of Companies by 98.9% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 9,589 shares of the business services provider’s stock valued at $236,000 after purchasing an additional 4,768 shares in the last quarter. Finally, 1st Global Advisors Inc. increased its holdings in shares of Interpublic Group of Companies by 19.6% in the 2nd quarter. 1st Global Advisors Inc. now owns 9,774 shares of the business services provider’s stock valued at $240,000 after purchasing an additional 1,599 shares in the last quarter. Institutional investors and hedge funds own 99.83% of the company’s stock.

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Interpublic Group of Companies Company Profile

The Interpublic Group of Companies, Inc is a global advertising and marketing services company. The Company specializes in consumer advertising, digital marketing, communications planning and media buying, public relations and specialized communications disciplines. It operates in two segments: Integrated Agency Networks (IAN) and Constituency Management Group (CMG).

Analyst Recommendations for Interpublic Group of Companies (NYSE:IPG)

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