Interpublic Group of Companies (NYSE:IPG) was downgraded by Wells Fargo & Co from an “outperform” rating to a “market perform” rating in a report issued on Thursday, Marketbeat.com reports. They currently have a $23.00 price objective on the business services provider’s stock. Wells Fargo & Co’s price target would indicate a potential upside of 7.73% from the stock’s previous close.

Several other research firms have also weighed in on IPG. BMO Capital Markets cut their target price on Interpublic Group of Companies from $26.00 to $25.00 and set an “outperform” rating on the stock in a research note on Thursday, October 26th. TheStreet lowered Interpublic Group of Companies from a “b-” rating to a “c+” rating in a research report on Wednesday, November 22nd. Macquarie lowered Interpublic Group of Companies from a “neutral” rating to an “underperform” rating in a research report on Tuesday, January 2nd. Zacks Investment Research lowered Interpublic Group of Companies from a “hold” rating to a “sell” rating in a research report on Friday, October 27th. Finally, Jefferies Group lowered Interpublic Group of Companies from a “buy” rating to a “hold” rating in a research report on Wednesday, December 13th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and eight have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $25.57.

Interpublic Group of Companies (NYSE IPG) traded down $0.25 during trading hours on Thursday, reaching $21.35. The company’s stock had a trading volume of 3,516,149 shares, compared to its average volume of 3,848,939. Interpublic Group of Companies has a 1 year low of $18.30 and a 1 year high of $25.71. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.63. The firm has a market capitalization of $8,393.95, a price-to-earnings ratio of 14.83, a price-to-earnings-growth ratio of 1.30 and a beta of 1.47.

Interpublic Group of Companies (NYSE:IPG) last released its earnings results on Tuesday, October 24th. The business services provider reported $0.31 earnings per share for the quarter, missing the consensus estimate of $0.33 by ($0.02). Interpublic Group of Companies had a net margin of 7.43% and a return on equity of 27.38%. The company had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.96 billion. During the same period in the previous year, the company posted $0.31 EPS. The company’s quarterly revenue was down 1.0% compared to the same quarter last year. sell-side analysts expect that Interpublic Group of Companies will post 1.39 EPS for the current year.

In related news, Director H John Greeniaus sold 43,479 shares of the stock in a transaction dated Friday, November 10th. The stock was sold at an average price of $19.00, for a total transaction of $826,101.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 1.49% of the company’s stock.

Large investors have recently bought and sold shares of the stock. Acrospire Investment Management LLC grew its holdings in shares of Interpublic Group of Companies by 755.0% during the second quarter. Acrospire Investment Management LLC now owns 4,506 shares of the business services provider’s stock worth $111,000 after buying an additional 3,979 shares in the last quarter. Capstone Investment Advisors Netherlands B.V. grew its holdings in shares of Interpublic Group of Companies by 35.6% during the second quarter. Capstone Investment Advisors Netherlands B.V. now owns 4,775 shares of the business services provider’s stock worth $117,000 after buying an additional 1,254 shares in the last quarter. Franklin Resources Inc. bought a new position in shares of Interpublic Group of Companies during the second quarter worth about $205,000. Ameritas Investment Partners Inc. grew its holdings in shares of Interpublic Group of Companies by 1.0% during the second quarter. Ameritas Investment Partners Inc. now owns 9,123 shares of the business services provider’s stock worth $224,000 after buying an additional 90 shares in the last quarter. Finally, Cubist Systematic Strategies LLC grew its holdings in shares of Interpublic Group of Companies by 98.9% during the second quarter. Cubist Systematic Strategies LLC now owns 9,589 shares of the business services provider’s stock worth $236,000 after buying an additional 4,768 shares in the last quarter. Institutional investors and hedge funds own 99.88% of the company’s stock.

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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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