Interpublic Group of Companies, Inc. (The) (NYSE:IPG) was upgraded by Citigroup Inc. from a “neutral” rating to a “buy” rating in a note issued to investors on Wednesday.

IPG has been the topic of several other research reports. Zacks Investment Research downgraded Interpublic Group of Companies, Inc. (The) from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. BidaskClub raised Interpublic Group of Companies, Inc. (The) from a “hold” rating to a “buy” rating in a research note on Thursday, June 29th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $26.00 price objective (down previously from $27.00) on shares of Interpublic Group of Companies, Inc. (The) in a research note on Wednesday, July 26th. Pivotal Research raised Interpublic Group of Companies, Inc. (The) from a “hold” rating to a “buy” rating and set a $24.00 price objective on the stock in a research note on Monday, August 14th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and issued a $27.00 price objective on shares of Interpublic Group of Companies, Inc. (The) in a research note on Monday, June 26th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and eleven have given a buy rating to the company’s stock. Interpublic Group of Companies, Inc. (The) has a consensus rating of “Hold” and a consensus target price of $26.07.

Shares of Interpublic Group of Companies, Inc. (NYSE:IPG) traded up 0.4269% during midday trading on Wednesday, hitting $20.2059. The stock had a trading volume of 1,830,064 shares. The firm has a market cap of $7.95 billion, a price-to-earnings ratio of 14.5471 and a beta of 1.53. The stock’s 50 day moving average price is $21.24 and its 200 day moving average price is $23.65. Interpublic Group of Companies, Inc. has a 12 month low of $19.57 and a 12 month high of $25.71.

Interpublic Group of Companies, Inc. (The) (NYSE:IPG) last posted its quarterly earnings data on Tuesday, July 25th. The business services provider reported $0.27 EPS for the quarter, missing the consensus estimate of $0.34 by $0.07. Interpublic Group of Companies, Inc. (The) had a return on equity of 27.72% and a net margin of 7.19%. The company had revenue of $1.88 billion during the quarter, compared to the consensus estimate of $1.95 billion. During the same period last year, the business earned $0.33 EPS. The firm’s quarterly revenue was down 1.7% compared to the same quarter last year. On average, equities analysts forecast that Interpublic Group of Companies, Inc. will post $1.43 EPS for the current fiscal year.

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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 sale, the senior vice president now owns 10,592 shares of the company’s stock, valued at approximately $256,961.92. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Ellen Tobi Johnson sold 20,000 shares of Interpublic Group of Companies, Inc. (The) stock in a transaction that occurred on Monday, August 21st. The stock was sold at an average price of $20.50, for a total value of $410,000.00. The disclosure for this sale can be found here. 1.49% of the stock is currently owned by company insiders.

Large investors have recently added to or reduced their stakes in the business. Bancorpsouth Inc. increased its stake in Interpublic Group of Companies, Inc. (The) by 34.4% in the 1st quarter. Bancorpsouth Inc. now owns 13,704 shares of the business services provider’s stock worth $337,000 after acquiring an additional 3,508 shares during the last quarter. Vaughan Nelson Investment Management L.P. increased its stake in Interpublic Group of Companies, Inc. (The) by 15.2% in the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 1,878,350 shares of the business services provider’s stock worth $46,206,000 after acquiring an additional 247,275 shares during the last quarter. Victory Capital Management Inc. increased its stake in Interpublic Group of Companies, Inc. (The) by 4.0% in the 2nd quarter. Victory Capital Management Inc. now owns 6,641,216 shares of the business services provider’s stock worth $163,374,000 after acquiring an additional 253,446 shares during the last quarter. Nomura Asset Management Co. Ltd. increased its stake in Interpublic Group of Companies, Inc. (The) by 3.0% in the 1st quarter. Nomura Asset Management Co. Ltd. now owns 51,094 shares of the business services provider’s stock worth $1,255,000 after acquiring an additional 1,490 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. increased its stake in Interpublic Group of Companies, Inc. (The) by 1.4% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,203,171 shares of the business services provider’s stock worth $29,598,000 after acquiring an additional 17,172 shares during the last quarter. 98.01% of the stock is currently owned by institutional investors and hedge funds.

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).

Analyst Recommendations for Interpublic Group of Companies, Inc. (The) (NYSE:IPG)

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