Interpublic Group of Companies (NYSE:IPG) had its target price boosted by Cfra from $22.00 to $25.00 in a research report issued to clients and investors on Wednesday, BenzingaRatingsTable reports. The firm presently has a “hold” rating on the business services provider’s stock. Cfra’s price target suggests a potential downside of 0.24% from the stock’s previous close.

Several other equities research analysts have also commented on the stock. ValuEngine lowered shares of Interpublic Group of Companies from a “hold” rating to a “sell” rating in a report on Thursday, February 6th. TheStreet raised shares of Interpublic Group of Companies from a “c+” rating to a “b-” rating in a research note on Tuesday, November 12th. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Interpublic Group of Companies currently has an average rating of “Hold” and an average target price of $25.50.

NYSE:IPG opened at $25.06 on Wednesday. Interpublic Group of Companies has a one year low of $19.56 and a one year high of $25.15. The company has a debt-to-equity ratio of 1.92, a quick ratio of 0.95 and a current ratio of 0.95. The firm has a market cap of $9.69 billion, a price-to-earnings ratio of 15.01, a PEG ratio of 2.23 and a beta of 1.11. The firm’s fifty day moving average is $23.30 and its two-hundred day moving average is $21.96.

Interpublic Group of Companies (NYSE:IPG) last posted its quarterly earnings results on Wednesday, February 12th. The business services provider reported $0.88 EPS for the quarter, beating the consensus estimate of $0.83 by $0.05. Interpublic Group of Companies had a net margin of 6.42% and a return on equity of 31.19%. The company had revenue of $2.43 billion for the quarter, compared to analyst estimates of $2.42 billion. During the same period in the prior year, the company earned $0.89 earnings per share. The firm’s revenue was up .8% on a year-over-year basis. As a group, equities research analysts predict that Interpublic Group of Companies will post 1.89 earnings per share for the current fiscal year.

In other news, Director Linda S. Sanford bought 3,363 shares of the stock in a transaction dated Tuesday, November 26th. The shares were acquired at an average cost of $22.27 per share, with a total value of $74,894.01. Following the purchase, the director now directly owns 3,363 shares in the company, valued at approximately $74,894.01. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 1.09% of the company’s stock.

Hedge funds have recently bought and sold shares of the company. Janney Montgomery Scott LLC lifted its stake in Interpublic Group of Companies by 69.1% in the 3rd quarter. Janney Montgomery Scott LLC now owns 41,367 shares of the business services provider’s stock valued at $892,000 after buying an additional 16,910 shares in the last quarter. Man Group plc lifted its stake in Interpublic Group of Companies by 218.9% in the 3rd quarter. Man Group plc now owns 259,494 shares of the business services provider’s stock valued at $5,595,000 after buying an additional 178,130 shares in the last quarter. Eqis Capital Management Inc. purchased a new position in Interpublic Group of Companies in the 3rd quarter valued at about $301,000. Rockland Trust Co. lifted its stake in Interpublic Group of Companies by 10.7% in the 4th quarter. Rockland Trust Co. now owns 30,347 shares of the business services provider’s stock valued at $701,000 after buying an additional 2,923 shares in the last quarter. Finally, California Public Employees Retirement System lifted its stake in Interpublic Group of Companies by 32.2% in the 3rd quarter. California Public Employees Retirement System now owns 1,012,129 shares of the business services provider’s stock valued at $21,822,000 after buying an additional 246,580 shares in the last quarter. 97.67% of the stock is currently owned by institutional investors and hedge funds.

Interpublic Group of Companies Company Profile

The Interpublic Group of Companies, Inc provides advertising and marketing services worldwide. The company operates through two segments, Integrated Agency Networks and Constituency Management Group. It offers consumer advertising, digital marketing, communications planning and media buying, public relations, and specialized communications disciplines.

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