ValuEngine Downgrades Interpublic Group of Companies (IPG) to Hold

ValuEngine downgraded shares of Interpublic Group of Companies (NYSE:IPG) from a buy rating to a hold rating in a research report report published on Friday.

IPG has been the topic of a number of other research reports. Argus cut shares of Interpublic Group of Companies from a buy rating to a hold rating and set a $27.00 target price on the stock. in a research note on Tuesday, October 31st. Credit Suisse Group set a $26.00 price objective on shares of Interpublic Group of Companies and gave the company a buy rating in a research report on Wednesday, October 11th. Morgan Stanley lifted their price objective on shares of Interpublic Group of Companies to $23.00 and gave the company an equal weight rating in a research report on Wednesday, January 31st. Zacks Investment Research cut shares of Interpublic Group of Companies from a buy rating to a hold rating in a research report on Thursday, October 12th. Finally, Pivotal Research reiterated a buy rating and set a $23.00 price objective on shares of Interpublic Group of Companies in a research report on Tuesday, October 24th. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the company. The company presently has a consensus rating of Hold and a consensus target price of $25.71.

Shares of Interpublic Group of Companies (NYSE:IPG) opened at $21.29 on Friday. Interpublic Group of Companies has a one year low of $18.30 and a one year high of $25.71. The company has a market cap of $8,273.48, a P/E ratio of 15.43, a price-to-earnings-growth ratio of 2.19 and a beta of 1.45. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.63.

In related 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 document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.49% of the company’s stock.

Several hedge funds have recently bought and sold shares of IPG. Franklin Resources Inc. purchased a new position in shares of Interpublic Group of Companies in the second quarter valued at $205,000. Profund Advisors LLC grew its holdings in shares of Interpublic Group of Companies by 24.6% in the second quarter. Profund Advisors LLC now owns 13,821 shares of the business services provider’s stock valued at $340,000 after purchasing an additional 2,725 shares in the last quarter. Thrivent Financial For Lutherans grew its holdings in shares of Interpublic Group of Companies by 2.6% in the second quarter. Thrivent Financial For Lutherans now owns 14,867 shares of the business services provider’s stock valued at $366,000 after purchasing an additional 380 shares in the last quarter. Advisor Group Inc. grew its holdings in shares of Interpublic Group of Companies by 54.3% in the second quarter. Advisor Group Inc. now owns 10,790 shares of the business services provider’s stock valued at $250,000 after purchasing an additional 3,798 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in Interpublic Group of Companies by 25.5% during the second quarter. Dimensional Fund Advisors LP now owns 2,361,373 shares of the business services provider’s stock worth $58,092,000 after buying an additional 479,278 shares during the period. 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).

To view ValuEngine’s full report, visit ValuEngine’s official website.

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

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