Interpublic Group of Companies, Inc. (The) (NYSE:IPG) Given Consensus Rating of “Hold” by Brokerages

Shares of Interpublic Group of Companies, Inc. (The) (NYSE:IPG) have been given an average recommendation of “Hold” by the nine ratings firms that are covering the company, MarketBeat reports. Six investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $32.2667.

Several brokerages have recently commented on IPG. UBS Group decreased their target price on Interpublic Group of Companies from $27.00 to $25.60 and set a “neutral” rating on the stock in a report on Wednesday, July 23rd. Wall Street Zen upgraded Interpublic Group of Companies to a “hold” rating in a report on Saturday, August 16th. Weiss Ratings restated a “hold (c)” rating on shares of Interpublic Group of Companies in a report on Wednesday, October 8th. JPMorgan Chase & Co. decreased their price target on Interpublic Group of Companies from $35.00 to $33.00 and set an “overweight” rating on the stock in a report on Thursday, July 10th. Finally, Zacks Research cut Interpublic Group of Companies from a “strong-buy” rating to a “hold” rating in a report on Monday, October 13th.

Hedge Funds Weigh In On Interpublic Group of Companies

Several hedge funds have recently added to or reduced their stakes in IPG. Asset Management One Co. Ltd. boosted its holdings in Interpublic Group of Companies by 2.4% in the first quarter. Asset Management One Co. Ltd. now owns 153,830 shares of the business services provider’s stock valued at $4,178,000 after acquiring an additional 3,547 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings in Interpublic Group of Companies by 9.3% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 357,374 shares of the business services provider’s stock worth $9,395,000 after buying an additional 30,288 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in Interpublic Group of Companies by 5.5% during the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 88,425 shares of the business services provider’s stock worth $2,402,000 after buying an additional 4,572 shares during the last quarter. Teacher Retirement System of Texas bought a new position in Interpublic Group of Companies during the first quarter worth about $1,480,000. Finally, ZWJ Investment Counsel Inc. boosted its holdings in Interpublic Group of Companies by 2.1% during the first quarter. ZWJ Investment Counsel Inc. now owns 1,095,502 shares of the business services provider’s stock worth $29,754,000 after buying an additional 23,008 shares during the last quarter. Institutional investors own 98.43% of the company’s stock.

Interpublic Group of Companies Price Performance

Shares of IPG stock opened at $27.13 on Tuesday. The stock’s fifty day moving average is $26.65 and its 200-day moving average is $25.32. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.07 and a current ratio of 1.07. The stock has a market capitalization of $9.94 billion, a PE ratio of 22.99 and a beta of 1.09. Interpublic Group of Companies has a 52 week low of $22.51 and a 52 week high of $33.05.

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.