Analysts Set Interpublic Group of Companies Inc (IPG) PT at $26.00

Interpublic Group of Companies Inc (NYSE:IPG) has been given a consensus recommendation of “Hold” by the nineteen research firms that are currently covering the stock, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a sell recommendation, eight have given a hold recommendation and seven have given a buy recommendation to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $26.00.

A number of research analysts recently issued reports on the stock. ValuEngine cut shares of Interpublic Group of Companies from a “buy” rating to a “hold” rating in a research report on Friday. Morgan Stanley lifted their target price on shares of Interpublic Group of Companies to $23.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 31st. Bank of America cut shares of Interpublic Group of Companies from a “neutral” rating to an “underperform” rating in a report on Thursday, January 25th. Zacks Investment Research raised shares of Interpublic Group of Companies from a “sell” rating to a “hold” rating in a report on Wednesday, January 24th. Finally, Pivotal Research reaffirmed a “buy” rating and issued a $26.00 target price on shares of Interpublic Group of Companies in a report on Tuesday, January 23rd.

Interpublic Group of Companies (IPG) opened at $21.29 on Friday. Interpublic Group of Companies has a 12-month low of $18.30 and a 12-month high of $25.71. The stock has a market cap of $8,273.48, a PE ratio of 15.43, a P/E/G ratio of 2.19 and a beta of 1.45. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.93 and a current ratio of 0.93.

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Dupont Capital Management Corp grew its position in Interpublic Group of Companies by 129.8% during the third quarter. Dupont Capital Management Corp now owns 129,522 shares of the business services provider’s stock valued at $2,693,000 after buying an additional 73,155 shares during the period. Swiss National Bank grew its position in Interpublic Group of Companies by 1.6% during the third quarter. Swiss National Bank now owns 1,453,690 shares of the business services provider’s stock valued at $30,222,000 after buying an additional 22,900 shares during the period. Aurora Investment Counsel bought a new stake in Interpublic Group of Companies during the fourth quarter valued at approximately $1,543,000. Wells Fargo & Company MN grew its position in Interpublic Group of Companies by 159.5% during the third quarter. Wells Fargo & Company MN now owns 7,250,126 shares of the business services provider’s stock valued at $150,730,000 after buying an additional 4,455,788 shares during the period. Finally, Hussman Strategic Advisors Inc. bought a new stake in Interpublic Group of Companies during the third quarter valued at approximately $1,559,000. 98.42% of the stock is owned by hedge funds and other institutional investors.

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About Interpublic Group of Companies

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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