Shares of The Interpublic Group of Companies, Inc. (NYSE:IPG – Get Rating) received an average recommendation of “Hold” by the ten brokerages that currently cover the company, Marketbeat Ratings reports. One analyst rated the stock with a sell rating, four gave the company a hold rating and five issued a buy rating. The average 1-year price target among brokers who have rated the stock in the past year is $39.50.
Several analysts have recently commented on IPG shares. Morgan Stanley raised its price target on Interpublic Group of Companies from $38.00 to $40.00 and gave the stock an “equal weight” rating in a Friday, Feb. 11 research note. Bank of America downgraded Interpublic Group of Companies from a “neutral” rating to an “underperforming” rating and set a price target of $32.00 for the company. in a research note on Thursday, January 27. Finally, StockNews.com downgraded Interpublic Group of Companies from a “buy” rating to a “hold” rating in a Friday, Feb. 18 research note.
In other news from Interpublic Group of Companies, Chief Financial Officer Ellen Tobi Johnson sold 4,222 shares in a trade on Tuesday, March 1. The stock was sold at an average price of $35.71, for a total transaction of $150,767.62. The sale was disclosed in a document filed with the Securities & Exchange Commission, accessible via the SEC’s website. Additionally, Executive Vice Chairman Andrew Bonzani sold 34,195 shares in a trade on Tuesday, March 1. The shares were sold at an average price of $35.51, for a total value of $1,214,264.45. The disclosure of this sale can be found here. Insiders sold 76,417 shares of the company valued at $2,734,172 in the past ninety days. 0.75% of the shares are currently held by insiders of the company.
Several institutional investors have recently bought and sold shares of IPG. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp. increased its holdings of Interpublic Group of Companies shares by 12.9% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 72,213 shares of the business services provider worth $2,346,000 after acquiring an additional 8,257 shares during the period. Price T Rowe Associates Inc. MD increased its holdings of Interpublic Group of Companies stock 0.3% in the second quarter. Price T Rowe Associates Inc. MD now owns 636,241 shares of the business services provider worth $20,671,000 after acquiring an additional 1,840 shares during the period. Millennium Management LLC increased its holdings of Interpublic Group of Companies stock by 185.8% in the second quarter. Millennium Management LLC now owns 187,117 shares of the business services provider worth $6,079,000 after acquiring an additional 121,645 shares during the period. Beacon Pointe Advisors LLC bought a new position in shares of Interpublic Group of Companies in the second quarter worth $432,000. Finally, Thrivent Financial for Lutherans increased its holdings in Interpublic Group of Companies shares by 1.4% in the second quarter. Thrivent Financial for Lutherans now owns 186,206 shares of the business services provider worth $6,050,000 after acquiring an additional 2,556 shares during the period. 99.14% of the shares are held by hedge funds and other institutional investors.
IPG stock opened at $32.99 on Friday. The stock’s 50-day simple moving average is $36.12 and its 200-day simple moving average is $36.41. Interpublic Group of Companies has a fifty-two week low of $27.56 and a fifty-two week high of $39.98. The company has a debt ratio of 0.81, a quick ratio of 1.03 and a current ratio of 1.03. The company has a market capitalization of $13.00 billion, a P/E ratio of 13.80, a price-to-earnings growth ratio of 2.93 and a beta of 1.01.
Interpublic Group of Companies (NYSE:IPG – Get Rating) last released its quarterly results on Thursday, February 10. The business services provider reported earnings per share of $0.82 for the quarter, beating analyst consensus estimates of $0.81 by $0.01. Interpublic Group of Companies achieved a return on equity of 32.29% and a net margin of 9.30%. The company posted revenue of $2.55 billion for the quarter, versus a consensus estimate of $2.51 billion. During the same period of the previous year, the company achieved EPS of $0.86. The company’s revenue for the quarter increased 11.6% year over year. Stock analysts predict that Interpublic Group of Companies will post earnings per share of 2.69 for the current year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 15. Investors of record on Tuesday, March 1 will receive a dividend of $0.29 per share. This represents a dividend of $1.16 on an annualized basis and a dividend yield of 3.52%. This is an increase from Interpublic Group of Companies’ previous quarterly dividend of $0.27. The ex-date of this dividend is Monday, February 28. The Interpublic Group of Companies’ dividend payout ratio (DPR) is currently 48.54%.
Interpublic Group of Companies announced that its Board of Directors approved a stock repurchase plan on Thursday, February 10 that allows the company to repurchase $400.00 million in stock. This repurchase authorization allows the business services provider to repurchase up to 2.8% of its shares through purchases on the open market. Stock buyback plans are usually a sign that a company’s management believes its stock is undervalued.
Company Profile Interpublic Group of Companies (Get an assessment)
Interpublic Group of Cos., Inc. engages in the provision of advertising and marketing services. The firm 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).
This instant alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to [email protected]
Should you invest $1,000 in Interpublic Group of Companies right now?
Before you consider Interpublic Group of Companies, you’ll want to hear this.
MarketBeat tracks daily the highest rated and most successful research analysts on Wall Street and the stocks they recommend to their clients. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market takes hold…and Interpublic Group of Companies was not on the list.
While Interpublic Group of Companies currently has a “Hold” rating among analysts, top-rated analysts believe these five stocks are better buys.
See the 5 actions here