Jefferies Group LLC reiterated their buy rating on shares of Interpublic Group of Companies, Inc. (The) (NYSE:IPG) in a report published on Thursday. Jefferies Group LLC currently has a $26.00 price objective on the business services provider’s stock. Jefferies Group also issued estimates for Interpublic Group of Companies, Inc. (The)’s Q4 2017 earnings at $0.78 EPS, FY2017 earnings at $1.43 EPS, Q2 2018 earnings at $0.33 EPS, Q4 2018 earnings at $0.84 EPS, FY2018 earnings at $1.57 EPS, Q2 2019 earnings at $0.37 EPS and FY2019 earnings at $1.73 EPS.
A number of other equities research analysts have also recently weighed in on the stock. Evercore ISI started coverage on shares of Interpublic Group of Companies, Inc. (The) in a report on Monday, April 17th. They issued an outperform rating and a $28.00 price objective on the stock. BidaskClub upgraded shares of Interpublic Group of Companies, Inc. (The) from a hold rating to a buy rating in a report on Thursday, June 29th. Zacks Investment Research upgraded shares of Interpublic Group of Companies, Inc. (The) from a hold rating to a buy rating and set a $27.00 price objective on the stock in a report on Monday, April 17th. Wells Fargo & Company restated a buy rating on shares of Interpublic Group of Companies, Inc. (The) in a report on Wednesday, April 12th. Finally, Wedbush restated an outperform rating and issued a $29.00 price objective on shares of Interpublic Group of Companies, Inc. (The) in a report on Thursday, April 13th. Three analysts have rated the stock with a sell rating, five have issued a hold rating and ten have issued a buy rating to the company. The stock has a consensus rating of Hold and an average target price of $26.21.
Shares of Interpublic Group of Companies, Inc. (IPG) traded up 1.22% during trading on Thursday, reaching $21.61. 7,662,620 shares of the company traded hands. The stock has a market capitalization of $8.54 billion, a P/E ratio of 15.56 and a beta of 1.56. Interpublic Group of Companies, Inc. has a 12-month low of $20.94 and a 12-month high of $25.71. The firm’s 50 day moving average is $24.35 and its 200-day moving average is $24.25.
Interpublic Group of Companies, Inc. (The) (NYSE:IPG) last announced its quarterly earnings data on Tuesday, July 25th. The business services provider reported $0.27 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.34 by $0.07. The business had revenue of $1.88 billion during the quarter, compared to analysts’ expectations of $1.95 billion. Interpublic Group of Companies, Inc. (The) had a return on equity of 27.73% and a net margin of 7.19%. Interpublic Group of Companies, Inc. (The)’s revenue for the quarter was down 1.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.33 EPS. On average, equities research analysts anticipate that Interpublic Group of Companies, Inc. will post $1.44 earnings per share for the current fiscal year.
In related news, SVP Julie Connors sold 5,854 shares of the stock in a transaction that occurred on Thursday, June 22nd. The shares were sold at an average price of $24.26, for a total transaction of $142,018.04. Following the transaction, the senior vice president now owns 10,592 shares in the company, valued at $256,961.92. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.49% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Chevy Chase Trust Holdings Inc. increased its position in shares of Interpublic Group of Companies, Inc. (The) by 2.0% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 339,257 shares of the business services provider’s stock worth $8,335,000 after buying an additional 6,774 shares during the period. Bancorpsouth Inc. increased its position in shares of Interpublic Group of Companies, Inc. (The) by 34.4% in the first quarter. Bancorpsouth Inc. now owns 13,704 shares of the business services provider’s stock worth $337,000 after buying an additional 3,508 shares during the period. Bank of Montreal Can increased its position in shares of Interpublic Group of Companies, Inc. (The) by 2.0% in the first quarter. Bank of Montreal Can now owns 156,301 shares of the business services provider’s stock worth $3,841,000 after buying an additional 3,119 shares during the period. Montag A & Associates Inc. increased its position in shares of Interpublic Group of Companies, Inc. (The) by 532.1% in the first quarter. Montag A & Associates Inc. now owns 116,300 shares of the business services provider’s stock worth $2,857,000 after buying an additional 97,900 shares during the period. Finally, Boston Partners increased its position in shares of Interpublic Group of Companies, Inc. (The) by 3.3% in the first quarter. Boston Partners now owns 21,593,423 shares of the business services provider’s stock worth $530,550,000 after buying an additional 688,696 shares during the period. Institutional investors own 98.25% of the company’s stock.
About Interpublic Group of Companies, Inc. (The)
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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