Interpublic Group of Companies (IPG) Upgraded by Macquarie to “Neutral”

Macquarie upgraded shares of Interpublic Group of Companies (NYSE:IPG) from an underperform rating to a neutral rating in a report issued on Friday, Marketbeat.com reports. They currently have $24.00 target price on the business services provider’s stock.

Several other research analysts have also issued reports on IPG. Pivotal Research restated a buy rating and issued a $23.00 price target on shares of Interpublic Group of Companies in a research report on Tuesday, October 24th. Wells Fargo & Co restated a buy rating on shares of Interpublic Group of Companies in a research report on Tuesday, October 24th. Royal Bank of Canada restated a hold rating on shares of Interpublic Group of Companies in a research report on Wednesday, October 25th. BMO Capital Markets decreased their price target on shares of Interpublic Group of Companies from $26.00 to $25.00 and set an outperform rating on the stock in a research report on Thursday, October 26th. Finally, Zacks Investment Research lowered shares of Interpublic Group of Companies from a hold rating to a sell rating in a research report on Friday, October 27th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have given a buy rating to the stock. The company currently has a consensus rating of Hold and a consensus price target of $26.07.

Interpublic Group of Companies (NYSE IPG) opened at $25.33 on Friday. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.93 and a quick ratio of 0.93. The stock has a market cap of $9,840.00, a P/E ratio of 17.23, a price-to-earnings-growth ratio of 1.99 and a beta of 1.45. Interpublic Group of Companies has a 12-month low of $18.30 and a 12-month high of $26.01.

Interpublic Group of Companies (NYSE:IPG) last posted its quarterly earnings results on Wednesday, February 14th. The business services provider reported $0.79 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.77 by $0.02. The firm had revenue of $2.34 billion for the quarter, compared to analyst estimates of $2.30 billion. Interpublic Group of Companies had a net margin of 7.35% and a return on equity of 27.80%. The firm’s quarterly revenue was up 3.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.81 earnings per share. equities analysts forecast that Interpublic Group of Companies will post 1.67 EPS for the current year.

Interpublic Group of Companies declared that its board has approved a share repurchase program on Wednesday, February 14th that permits the company to repurchase $300.00 million in shares. This repurchase authorization permits the business services provider to reacquire shares of its stock through open market purchases. Shares repurchase programs are generally a sign that the company’s board believes its stock is undervalued.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Thursday, March 1st will be paid a $0.21 dividend. This is a positive change from Interpublic Group of Companies’s previous quarterly dividend of $0.18. The ex-dividend date is Wednesday, February 28th. This represents a $0.84 dividend on an annualized basis and a yield of 3.32%. Interpublic Group of Companies’s dividend payout ratio (DPR) is currently 48.98%.

A number of institutional investors have recently bought and sold shares of the stock. Fairpointe Capital LLC boosted its stake in Interpublic Group of Companies by 112.1% in the 4th quarter. Fairpointe Capital LLC now owns 3,187,069 shares of the business services provider’s stock worth $64,251,000 after purchasing an additional 1,684,583 shares during the period. MetLife Investment Advisors LLC acquired a new position in Interpublic Group of Companies in the 4th quarter worth approximately $2,424,000. Gotham Asset Management LLC boosted its stake in shares of Interpublic Group of Companies by 311.0% during the 4th quarter. Gotham Asset Management LLC now owns 958,874 shares of the business services provider’s stock valued at $19,331,000 after buying an additional 725,561 shares during the period. BB&T Securities LLC boosted its stake in shares of Interpublic Group of Companies by 225.1% during the 4th quarter. BB&T Securities LLC now owns 88,465 shares of the business services provider’s stock valued at $1,783,000 after buying an additional 61,253 shares during the period. Finally, KLCM Advisors Inc. acquired a new stake in shares of Interpublic Group of Companies during the 4th quarter valued at $10,995,000. 99.88% of the stock is owned by hedge funds and other institutional investors.

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Interpublic Group of Companies 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).

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

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