Interpublic Group of Companies (NYSE:IPG) Lowered to Underperform at BNP Paribas

Interpublic Group of Companies (NYSE:IPG) was downgraded by investment analysts at BNP Paribas from a “neutral” rating to an “underperform” rating in a research note issued on Monday, MarketBeat Ratings reports.

A number of other research analysts have also recently weighed in on the stock. Morgan Stanley cut shares of Interpublic Group of Companies from an “equal weight” rating to an “underweight” rating and dropped their price objective for the stock from $34.00 to $28.00 in a research note on Monday, July 22nd. JPMorgan Chase & Co. decreased their price objective on Interpublic Group of Companies from $37.00 to $36.00 and set an “overweight” rating on the stock in a research note on Friday, July 12th. Macquarie cut their target price on shares of Interpublic Group of Companies from $33.00 to $31.00 and set a “neutral” rating for the company in a research note on Thursday, July 25th. UBS Group cut shares of Interpublic Group of Companies from a “neutral” rating to a “sell” rating and decreased their price target for the stock from $34.00 to $29.00 in a research note on Thursday, September 12th. Finally, Barclays decreased their target price on shares of Interpublic Group of Companies from $35.00 to $34.00 and set an “equal weight” rating on the stock in a research report on Thursday, July 25th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $32.63.

Interpublic Group of Companies Stock Performance

NYSE IPG opened at $31.22 on Monday. The business has a 50 day moving average price of $31.18 and a 200 day moving average price of $30.89. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.07 and a quick ratio of 1.06. The company has a market capitalization of $11.78 billion, a P/E ratio of 11.04, a PEG ratio of 5.23 and a beta of 1.10. Interpublic Group of Companies has a 1-year low of $27.20 and a 1-year high of $35.17.

Interpublic Group of Companies (NYSE:IPG) last released its quarterly earnings data on Wednesday, July 24th. The business services provider reported $0.61 EPS for the quarter, topping the consensus estimate of $0.59 by $0.02. Interpublic Group of Companies had a net margin of 9.46% and a return on equity of 27.98%. The business had revenue of $2.71 billion for the quarter, compared to analyst estimates of $2.33 billion. During the same period in the previous year, the firm earned $0.74 EPS. The business’s revenue for the quarter was up 1.6% compared to the same quarter last year. Sell-side analysts expect that Interpublic Group of Companies will post 2.82 EPS for the current fiscal year.

Hedge Funds Weigh In On Interpublic Group of Companies

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Benjamin Edwards Inc. lifted its stake in shares of Interpublic Group of Companies by 73.8% during the second quarter. Benjamin Edwards Inc. now owns 883 shares of the business services provider’s stock worth $26,000 after purchasing an additional 375 shares in the last quarter. Hazlett Burt & Watson Inc. lifted its position in shares of Interpublic Group of Companies by 652.2% during the second quarter. Hazlett Burt & Watson Inc. now owns 1,038 shares of the business services provider’s stock worth $30,000 after purchasing an additional 900 shares in the last quarter. Voisard Asset Management Group Inc. purchased a new position in shares of Interpublic Group of Companies in the fourth quarter valued at $31,000. International Assets Investment Management LLC acquired a new stake in Interpublic Group of Companies during the 2nd quarter valued at $32,000. Finally, EverSource Wealth Advisors LLC increased its stake in Interpublic Group of Companies by 52.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,177 shares of the business services provider’s stock worth $38,000 after buying an additional 405 shares during the period. Institutional investors and hedge funds own 98.43% of the company’s stock.

Interpublic Group of Companies Company Profile

The Interpublic Group of Companies, Inc provides advertising and marketing services worldwide. It operates in three segments: Media, Data & Engagement Solutions, Integrated Advertising & Creativity Led Solutions, and Specialized Communications & Experiential Solutions. The Media, Data & Engagement Solutions segment provides media and communications services, digital services and products, advertising and marketing technology, e-commerce services, data management and analytics, strategic consulting, and digital brand experience under the IPG Mediabrands, UM, Initiative, Kinesso, Acxiom, Huge, MRM, and R/GA brand names.