Shares of Interpublic Group of Companies, Inc. (The) (NYSE:IPG) have earned a consensus rating of “Hold” from the eighteen brokerages that are currently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and ten have issued a buy recommendation on the company. The average 1-year price objective among brokers that have covered the stock in the last year is $26.00.

A number of research firms have recently issued reports on IPG. Pivotal Research upgraded shares of 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 report on Monday, August 14th. Royal Bank Of Canada reiterated a “hold” rating on shares of Interpublic Group of Companies, Inc. (The) in a report on Friday, September 29th. Zacks Investment Research upgraded shares of Interpublic Group of Companies, Inc. (The) from a “sell” rating to a “hold” rating in a report on Tuesday, September 26th. Jefferies Group LLC reiterated a “buy” rating and issued a $27.00 price objective on shares of Interpublic Group of Companies, Inc. (The) in a report on Monday, June 26th. Finally, Argus lowered their price objective on shares of Interpublic Group of Companies, Inc. (The) from $28.00 to $27.00 and set a “buy” rating on the stock in a report on Wednesday, July 26th.

Shares of Interpublic Group of Companies, Inc. (NYSE:IPG) traded up 0.19% on Friday, reaching $21.34. 2,887,918 shares of the company were exchanged. Interpublic Group of Companies, Inc. has a 12 month low of $19.57 and a 12 month high of $25.71. The stock has a market capitalization of $8.39 billion, a P/E ratio of 15.36 and a beta of 1.53. The stock has a 50 day moving average price of $20.50 and a 200-day moving average price of $23.14.

Interpublic Group of Companies, Inc. (The) (NYSE:IPG) last announced its earnings results 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 for the quarter, compared to analyst estimates of $1.95 billion. During the same quarter last year, the business posted $0.33 earnings per share. The business’s quarterly revenue was down 1.7% on a year-over-year basis. On average, equities analysts expect that Interpublic Group of Companies, Inc. will post $1.43 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Friday, September 1st were paid a $0.18 dividend. The ex-dividend date of this dividend was Wednesday, August 30th. This represents a $0.72 annualized dividend and a dividend yield of 3.37%. Interpublic Group of Companies, Inc. (The)’s dividend payout ratio is presently 51.80%.

In related news, SVP Ellen Tobi Johnson sold 20,000 shares of the firm’s stock in a transaction on Monday, August 21st. The shares were sold at an average price of $20.50, for a total value of $410,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 1.49% of the stock is currently owned by company insiders.

Several large investors have recently added to or reduced their stakes in the stock. Stanley Laman Group Ltd. grew its stake in shares of Interpublic Group of Companies, Inc. (The) by 0.3% in the second quarter. Stanley Laman Group Ltd. now owns 25,352 shares of the business services provider’s stock valued at $624,000 after buying an additional 67 shares in the last quarter. Ameritas Investment Partners Inc. grew its stake in shares of Interpublic Group of Companies, Inc. (The) by 1.0% in the second quarter. Ameritas Investment Partners Inc. now owns 9,123 shares of the business services provider’s stock valued at $224,000 after buying an additional 90 shares in the last quarter. Oppenheimer & Co. Inc. grew its stake in shares of Interpublic Group of Companies, Inc. (The) by 1.8% in the first quarter. Oppenheimer & Co. Inc. now owns 9,235 shares of the business services provider’s stock valued at $227,000 after buying an additional 165 shares in the last quarter. First Manhattan Co. grew its stake in shares of Interpublic Group of Companies, Inc. (The) by 2.7% in the second quarter. First Manhattan Co. now owns 7,533 shares of the business services provider’s stock valued at $185,000 after buying an additional 195 shares in the last quarter. Finally, Pacer Advisors Inc. grew its stake in shares of Interpublic Group of Companies, Inc. (The) by 3.0% in the first quarter. Pacer Advisors Inc. now owns 7,744 shares of the business services provider’s stock valued at $190,000 after buying an additional 224 shares in the last quarter. 97.93% of the stock is owned by institutional investors and hedge funds.

ILLEGAL ACTIVITY WARNING: “Interpublic Group of Companies, Inc. (The) (IPG) Receives $26.00 Consensus PT from Analysts” was first posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this story on another publication, it was copied illegally and reposted in violation of international trademark & copyright law. The legal version of this story can be accessed at https://www.thecerbatgem.com/2017/10/05/interpublic-group-of-companies-inc-the-ipg-receives-26-00-consensus-pt-from-analysts.html.

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).

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

Receive News & Stock Ratings for Interpublic Group of Companies Inc. (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Interpublic Group of Companies Inc. (The) and related stocks with our FREE daily email newsletter.