Brokerages Set Interpublic Group of Companies, Inc. (The) (NYSE:IPG) PT at $30.28

Interpublic Group of Companies, Inc. (The) (NYSE:IPG) has been assigned a consensus rating of “Hold” from the seven analysts that are covering the stock, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $30.2750.

IPG has been the topic of several recent analyst reports. Zacks Research cut Interpublic Group of Companies from a “strong-buy” rating to a “hold” rating in a report on Monday, October 13th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Interpublic Group of Companies in a research note on Monday, November 24th. Finally, Barclays reduced their price target on shares of Interpublic Group of Companies from $28.00 to $27.50 and set an “equal weight” rating for the company in a report on Wednesday, November 12th.

Interpublic Group of Companies Stock Performance

IPG stock opened at $24.63 on Friday. Interpublic Group of Companies has a 1-year low of $22.51 and a 1-year high of $33.05. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.78. The firm has a market cap of $8.95 billion, a PE ratio of 20.87 and a beta of 1.12. The business’s 50-day moving average price is $24.78 and its two-hundred day moving average price is $25.57.

Institutional Trading of Interpublic Group of Companies

Hedge funds and other institutional investors have recently modified their holdings of the company. Mirabella Financial Services LLP boosted its position in shares of Interpublic Group of Companies by 7.6% during the third quarter. Mirabella Financial Services LLP now owns 21,594 shares of the business services provider’s stock worth $603,000 after buying an additional 1,531 shares during the period. Allworth Financial LP raised its position in Interpublic Group of Companies by 42.7% in the 3rd quarter. Allworth Financial LP now owns 2,188 shares of the business services provider’s stock valued at $61,000 after buying an additional 655 shares during the last quarter. Groupama Asset Managment bought a new stake in Interpublic Group of Companies in the 3rd quarter valued at approximately $1,348,000. Polar Asset Management Partners Inc. boosted its position in Interpublic Group of Companies by 7.4% during the 3rd quarter. Polar Asset Management Partners Inc. now owns 650,000 shares of the business services provider’s stock worth $18,142,000 after acquiring an additional 45,000 shares during the last quarter. Finally, CIBC Private Wealth Group LLC grew its stake in shares of Interpublic Group of Companies by 50.6% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 8,324 shares of the business services provider’s stock worth $232,000 after acquiring an additional 2,795 shares in the last quarter. Institutional investors and hedge funds own 98.43% of the company’s stock.

Interpublic Group of Companies Company Profile

Interpublic Group of Companies (NYSE: IPG) is a leading global provider of marketing solutions and communications services. Through its portfolio of agencies and specialized networks, IPG delivers a broad spectrum of services, including advertising, digital marketing, media planning and buying, public relations, branding, and data analytics. Its creative agencies develop integrated campaigns that span television, print, social media, mobile, experiential and other emerging channels, while its media networks leverage proprietary tools and strategic partnerships to optimize audience targeting and performance.

Since its formation in 1961 as one of the first marketing services holding companies, Interpublic has expanded through strategic acquisitions and organic growth to become one of the so-called “Big Four” advertising conglomerates.