Interpublic Group of Companies (NYSE:IPG)‘s stock had its “neutral” rating reissued by equities research analysts at Jefferies Group in a note issued to investors on Thursday. Jefferies Group also issued estimates for Interpublic Group of Companies’ Q2 2018 earnings at $0.36 EPS and FY2020 earnings at $2.05 EPS.

Other research analysts have also issued research reports about the company. TheStreet upgraded Interpublic Group of Companies from a “c+” rating to a “b-” rating in a report on Monday. Wells Fargo & Co restated a “buy” rating on shares of Interpublic Group of Companies in a report on Tuesday, October 24th. Pivotal Research reaffirmed a “buy” rating and issued a $23.00 target price on shares of Interpublic Group of Companies in a research note on Tuesday, October 24th. Zacks Investment Research raised Interpublic Group of Companies from a “hold” rating to a “buy” rating and set a $25.00 target price for the company in a research note on Tuesday. Finally, BMO Capital Markets reaffirmed a “buy” rating and issued a $27.00 target price on shares of Interpublic Group of Companies in a research note on Thursday. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and eight have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $25.93.

Interpublic Group of Companies (IPG) opened at $24.49 on Thursday. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.63. The firm has a market capitalization of $8,634.88, a price-to-earnings ratio of 17.01, a price-to-earnings-growth ratio of 2.29 and a beta of 1.45. Interpublic Group of Companies has a fifty-two week low of $18.30 and a fifty-two week high of $25.71.

Interpublic Group of Companies (NYSE:IPG) last announced its quarterly earnings data on Wednesday, February 14th. The business services provider reported $0.79 earnings per share for the quarter, beating analysts’ consensus estimates of $0.77 by $0.02. The company had revenue of $2.34 billion for the quarter, compared to analyst estimates of $2.30 billion. Interpublic Group of Companies had a return on equity of 27.38% and a net margin of 7.43%. The firm’s revenue for the quarter was up 3.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.81 EPS. equities research analysts forecast that Interpublic Group of Companies will post 1.39 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently modified their holdings of the business. Pzena Investment Management LLC increased its position in shares of Interpublic Group of Companies by 99.2% during the 4th quarter. Pzena Investment Management LLC now owns 17,855,163 shares of the business services provider’s stock worth $359,960,000 after purchasing an additional 8,890,439 shares during the last quarter. BlackRock Inc. increased its position in shares of Interpublic Group of Companies by 12.8% during the 4th quarter. BlackRock Inc. now owns 39,906,603 shares of the business services provider’s stock worth $804,517,000 after purchasing an additional 4,539,905 shares during the last quarter. Wells Fargo & Company MN increased its position in shares of Interpublic Group of Companies by 159.5% during the 3rd quarter. Wells Fargo & Company MN now owns 7,250,126 shares of the business services provider’s stock worth $150,730,000 after purchasing an additional 4,455,788 shares during the last quarter. Neuberger Berman Group LLC increased its position in shares of Interpublic Group of Companies by 9,649.2% during the 3rd quarter. Neuberger Berman Group LLC now owns 2,442,846 shares of the business services provider’s stock worth $50,787,000 after purchasing an additional 2,417,789 shares during the last quarter. Finally, Amundi Pioneer Asset Management Inc. increased its position in shares of Interpublic Group of Companies by 119.0% during the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 4,179,701 shares of the business services provider’s stock worth $84,262,000 after purchasing an additional 2,270,953 shares during the last quarter. 96.55% of the stock is owned by institutional investors and hedge funds.

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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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