Interpublic Group of Companies, Inc. (The) (IPG) PT Set at $26.00 by Credit Suisse Group

Interpublic Group of Companies, Inc. (The) (NYSE:IPG) has been given a $26.00 target price by investment analysts at Credit Suisse Group in a research note issued to investors on Wednesday. The brokerage currently has a “buy” rating on the business services provider’s stock. Credit Suisse Group’s price objective would suggest a potential upside of 27.76% from the company’s previous close.

A number of other equities analysts have also issued reports on IPG. Pivotal Research raised Interpublic Group of Companies, Inc. (The) from a “hold” rating to a “buy” rating and set a $24.00 price target for the company in a research note on Monday, August 14th. Zacks Investment Research raised Interpublic Group of Companies, Inc. (The) from a “hold” rating to a “buy” rating and set a $24.00 price target for the company in a research note on Tuesday. Royal Bank Of Canada reaffirmed a “hold” rating on shares of Interpublic Group of Companies, Inc. (The) in a research note on Friday, September 29th. Jefferies Group LLC reaffirmed a “buy” rating and set a $27.00 price target on shares of Interpublic Group of Companies, Inc. (The) in a research note on Monday, June 26th. Finally, Argus decreased their price target on Interpublic Group of Companies, Inc. (The) from $28.00 to $27.00 and set a “buy” rating for the company in a research note on Wednesday, July 26th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and eleven have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $25.71.

Interpublic Group of Companies, Inc. (The) (NYSE:IPG) last posted its earnings results on Tuesday, July 25th. The business services provider reported $0.27 EPS for the quarter, missing the consensus estimate of $0.34 by ($0.07). The business had revenue of $1.88 billion during the quarter, compared to analyst estimates of $1.95 billion. Interpublic Group of Companies, Inc. (The) had a net margin of 7.19% and a return on equity of 27.72%. The firm’s revenue was down 1.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.33 earnings per share.

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In other news, SVP Ellen Tobi Johnson sold 20,000 shares of the firm’s stock in a transaction on Monday, August 21st. The stock was sold at an average price of $20.50, for a total value of $410,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.49% of the company’s stock.

Several institutional investors have recently modified their holdings of the company. Perpetual Ltd acquired a new stake in shares of Interpublic Group of Companies, Inc. (The) in the second quarter worth $2,702,000. Sentry Investment Management LLC boosted its position in shares of Interpublic Group of Companies, Inc. (The) by 1.1% in the second quarter. Sentry Investment Management LLC now owns 21,099 shares of the business services provider’s stock worth $519,000 after buying an additional 225 shares during the period. Toronto Dominion Bank boosted its position in shares of Interpublic Group of Companies, Inc. (The) by 23.1% in the second quarter. Toronto Dominion Bank now owns 149,878 shares of the business services provider’s stock worth $3,687,000 after buying an additional 28,120 shares during the period. Oak Associates Ltd. OH boosted its position in shares of Interpublic Group of Companies, Inc. (The) by 18.1% in the second quarter. Oak Associates Ltd. OH now owns 183,650 shares of the business services provider’s stock worth $4,518,000 after buying an additional 28,155 shares during the period. Finally, 1st Global Advisors Inc. boosted its position in shares of Interpublic Group of Companies, Inc. (The) by 19.6% in the second quarter. 1st Global Advisors Inc. now owns 9,774 shares of the business services provider’s stock worth $240,000 after buying an additional 1,599 shares during the period. 97.92% of the stock is owned by institutional investors and hedge funds.

About Interpublic Group of Companies, Inc. (The)

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, Inc. (The) (NYSE:IPG)

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