Interpublic Group of Companies, Inc. (The) (NYSE:IPG) - Equities researchers at Gabelli cut their FY2017 EPS estimates for shares of Interpublic Group of Companies, Inc. (The) in a research note issued to investors on Wednesday. Gabelli analyst B. Lucas now forecasts that the business services provider will earn $1.42 per share for the year, down from their prior forecast of $1.52. Gabelli also issued estimates for Interpublic Group of Companies, Inc. (The)’s FY2018 earnings at $1.62 EPS, FY2019 earnings at $1.80 EPS and FY2020 earnings at $1.98 EPS.
Other analysts also recently issued research reports about the company. Zacks Investment Research upgraded Interpublic Group of Companies, Inc. (The) from a “hold” rating to a “buy” rating and set a $27.00 price target for the company in a research report on Thursday, June 22nd. Royal Bank Of Canada set a $29.00 price target on Interpublic Group of Companies, Inc. (The) and gave the company a “buy” rating in a research report on Monday, June 12th. BMO Capital Markets reiterated an “outperform” rating and set a $26.00 price target (down previously from $27.00) on shares of Interpublic Group of Companies, Inc. (The) in a research report on Wednesday. Telsey Advisory Group dropped their target price on Interpublic Group of Companies, Inc. (The) from $29.00 to $27.00 and set an “outperform” rating for the company in a research report on Wednesday. Finally, Jefferies Group LLC restated a “buy” rating and issued a $26.00 target price on shares of Interpublic Group of Companies, Inc. (The) in a research report on Thursday. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and ten have issued a buy rating to the company. Interpublic Group of Companies, Inc. (The) has a consensus rating of “Hold” and an average target price of $26.21.
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Interpublic Group of Companies, Inc. (NYSE IPG) opened at 21.61 on Friday. Interpublic Group of Companies, Inc. has a 1-year low of $20.94 and a 1-year high of $25.71. The firm has a market cap of $8.54 billion, a P/E ratio of 14.05 and a beta of 1.56. The stock has a 50 day moving average price of $24.35 and a 200 day moving average price of $24.25.
Interpublic Group of Companies, Inc. (The) (NYSE:IPG) last released its quarterly earnings data on Tuesday, July 25th. The business services provider reported $0.27 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.34 by $0.07. Interpublic Group of Companies, Inc. (The) had a net margin of 7.19% and a return on equity of 27.73%. The firm had revenue of $1.88 billion during the quarter, compared to analyst estimates of $1.95 billion. During the same period in the prior year, the company earned $0.33 EPS. The business’s quarterly revenue was down 1.7% compared to the same quarter last year.
In other Interpublic Group of Companies, Inc. (The) news, SVP Julie Connors sold 5,854 shares of Interpublic Group of Companies, Inc. (The) stock in a transaction that occurred on Thursday, June 22nd. The stock was sold at an average price of $24.26, for a total value of $142,018.04. Following the transaction, the senior vice president now directly owns 10,592 shares of the company’s stock, valued at approximately $256,961.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.49% of the stock is owned by insiders.
A number of institutional investors have recently made changes to their positions in IPG. Global X Management Co. LLC boosted its position in shares of Interpublic Group of Companies, Inc. (The) by 29.9% in the first quarter. Global X Management Co. LLC now owns 5,502 shares of the business services provider’s stock worth $135,000 after buying an additional 1,266 shares during the period. Van ECK Associates Corp boosted its position in shares of Interpublic Group of Companies, Inc. (The) by 6.4% in the first quarter. Van ECK Associates Corp now owns 5,507 shares of the business services provider’s stock worth $135,000 after buying an additional 331 shares during the period. Exane Derivatives boosted its position in shares of Interpublic Group of Companies, Inc. (The) by 181.3% in the second quarter. Exane Derivatives now owns 5,634 shares of the business services provider’s stock worth $139,000 after buying an additional 3,631 shares during the period. First Bank & Trust bought a new position in shares of Interpublic Group of Companies, Inc. (The) during the first quarter worth approximately $140,000. Finally, Bronfman E.L. Rothschild L.P. boosted its position in shares of Interpublic Group of Companies, Inc. (The) by 120.0% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 7,285 shares of the business services provider’s stock worth $179,000 after buying an additional 3,973 shares during the period. 98.25% of the stock is currently owned by institutional investors and hedge funds.
Interpublic Group of Companies, Inc. (The) Company Profile
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).
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