The Interpublic Group of Companies, Inc. (NYSE: IPG) has achieved a consensus “Buy” rating from the nine analysts who cover the stock, reports MarketBeat.com. Four analysts rated the stock with a conservation rating and five gave the company a buy rating. The one-year average price target among brokerage firms that reported on the stock in the past year is $ 39.63.
IPG has been the subject of several recent analyst reports. JP Morgan Cazenove raised its target price on Interpublic Group of Companies shares from $ 38.00 to $ 43.00 and assigned the company an “overweight” rating in a Tuesday October 5 research note. JPMorgan Chase & Co. raised its price target for Interpublic Group of Companies shares from $ 38.00 to $ 43.00 and rated the stock “overweight” in a Tuesday research note. October 5. Finally, Zacks Investment Research upgraded Interpublic Group of Companies shares from a ‘keep’ rating to a ‘buy’ rating and set a target price of $ 39.00 per share in a published research report. Monday, October 25.
NYSE: IPG shares traded up $ 0.12 on Tuesday, reaching $ 38.01. The company’s 15,609 shares traded hands, compared to its average volume of 3,904,360. Interpublic Group of Companies has a 52-week low of $ 23.05 and a 52-week high of $ 39.35. The company’s 50-day moving average is $ 35.92 and its 200-day moving average is $ 35.67. The stock has a market cap of $ 14.97 billion, a PE ratio of 21.55, a P / E / G ratio of 1.13, and a beta of 1.02. The company has a debt to equity ratio of 0.90, a current ratio of 1.01, and a quick ratio of 1.01.
Interpublic Group of Companies (NYSE: IPG) last reported its quarterly results on Wednesday, October 20. The business services provider reported EPS of $ 0.63 for the quarter, beating analyst consensus estimates of $ 0.49 by $ 0.14. Interpublic Group of Companies achieved a return on equity of 34.44% and a net margin of 7.17%. The company posted revenue of $ 2.26 billion in the quarter, compared to a consensus estimate of $ 2.17 billion. In the same quarter of the previous year, the company achieved EPS of $ 0.53. The company’s quarterly revenue increased 15.7% compared to the same quarter last year. As a group, analysts expect Interpublic Group of Companies to post EPS of 2.58 for the current year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, December 15. Shareholders of record on Wednesday, December 1 received a dividend of $ 0.27 per share. This represents a dividend of $ 1.08 on an annualized basis and a return of 2.84%. The ex-dividend date of this dividend was Tuesday, November 30. Interpublic Group of Companies’ dividend payout ratio (DPR) is 61.02%.
In other news from the Interpublic Group of Companies, Chairman Michael Isor Roth sold 150,000 shares of the company in a transaction dated Thursday, October 28. The shares were sold at an average price of $ 36.21, for a total trade of $ 5,431,500.00. The transaction was disclosed in a legal file with the Securities & Exchange Commission, accessible through the SEC website. 0.75% of the shares are held by insiders.
Several hedge funds and other institutional investors have recently increased or reduced their stakes in the stock. Amundi acquired a new position in Interpublic Group of Companies in the second quarter for approximately $ 233,402,000. BlackRock Inc. increased its position in Interpublic Group of Companies by 11.4% in the second quarter. BlackRock Inc. now owns 39,355,049 shares of the business services provider valued at $ 1,278,646,000 after purchasing an additional 4,036,519 shares in the last quarter. The Royal Bank of Canada increased its position in Interpublic Group of Companies by 182.6% in the third quarter. Royal Bank of Canada now owns 4,563,285 shares of the business services provider valued at $ 167,337,000 after purchasing an additional 2,948,475 shares in the last quarter. Skandinaviska Enskilda Banken AB publ increased its position in Interpublic Group of Companies by 1,840.6% in the third quarter. Skandinaviska Enskilda Banken AB publ now owns 2,724,153 shares of the business service provider valued at $ 99,895,000 after purchasing an additional 2,583,775 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its position in Interpublic Group of Companies by 44.6% in the second quarter. Bank of New York Mellon Corp now owns 7,054,165 shares of the business services provider valued at $ 229,189,000 after purchasing an additional 2,174,727 shares in the last quarter. Institutional investors and hedge funds hold 98.80% of the company’s shares.
About the Interpublic d’Entreprises Group
Interpublic Group of Cos., Inc is engaged in the provision of advertising and marketing services. The company specializes in consumer advertising, digital marketing, communications planning and media buying, public relations and specialist communications disciplines. It operates through the following segments: Integrated Agency Network (IAN) and Constituency Management Group (CMG).
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