Interpublic Group of Companies, Inc. (The) (IPG) Given a $26.00 Price Target at Credit Suisse Group

Credit Suisse Group set a $26.00 price target on Interpublic Group of Companies, Inc. (The) (NYSE:IPG) in a research note released on Wednesday. The firm currently has a buy rating on the business services provider’s stock.

Several other analysts have also recently commented on the stock. Jefferies Group LLC reiterated a buy rating and set a $26.00 target price on shares of Interpublic Group of Companies, Inc. (The) in a research report on Thursday, July 27th. Zacks Investment Research upgraded shares of Interpublic Group of Companies, Inc. (The) from a hold rating to a buy rating and set a $28.00 target price for the company in a research report on Monday, July 17th. Royal Bank Of Canada reiterated a buy rating and set a $29.00 target price on shares of Interpublic Group of Companies, Inc. (The) in a research report on Friday, July 14th. BidaskClub upgraded shares of Interpublic Group of Companies, Inc. (The) from a hold rating to a buy rating in a research report on Thursday, June 29th. Finally, Argus dropped their target price on shares of Interpublic Group of Companies, Inc. (The) from $28.00 to $27.00 and set a buy rating for the company in a research report on Wednesday, July 26th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and eleven have issued a buy rating to the company’s stock. Interpublic Group of Companies, Inc. (The) presently has a consensus rating of Hold and an average price target of $25.71.

Shares of Interpublic Group of Companies, Inc. (IPG) traded down 0.608% during trading on Wednesday, hitting $20.425. The stock had a trading volume of 5,086,967 shares. The stock has a market capitalization of $8.03 billion, a price-to-earnings ratio of 14.705 and a beta of 1.53. Interpublic Group of Companies, Inc. has a 52 week low of $19.57 and a 52 week high of $25.71. The stock’s 50 day moving average is $20.54 and its 200 day moving average is $23.03.

Interpublic Group of Companies, Inc. (The) (NYSE:IPG) last posted its quarterly earnings data on Tuesday, July 25th. The business services provider reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.07). Interpublic Group of Companies, Inc. (The) had a return on equity of 27.72% and a net margin of 7.19%. The firm had revenue of $1.88 billion for the quarter, compared to analyst estimates of $1.95 billion. During the same period in the prior year, the company posted $0.33 EPS. The firm’s quarterly revenue was down 1.7% compared to the same quarter last year. On average, equities research analysts expect that Interpublic Group of Companies, Inc. will post $1.43 earnings per share for the current fiscal year.

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The company also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Friday, September 1st were given a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.50%. The ex-dividend date of this dividend was Wednesday, August 30th. Interpublic Group of Companies, Inc. (The)’s dividend payout ratio is currently 51.80%.

In related news, SVP Ellen Tobi Johnson sold 20,000 shares of the company’s stock in a transaction on Monday, August 21st. The shares were sold at an average price of $20.50, for a total value of $410,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 1.49% of the stock is owned by corporate insiders.

A number of hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its holdings in Interpublic Group of Companies, Inc. (The) by 1.1% during the 2nd quarter. Vanguard Group Inc. now owns 39,967,140 shares of the business services provider’s stock worth $983,192,000 after purchasing an additional 419,048 shares in the last quarter. BlackRock Inc. increased its holdings in Interpublic Group of Companies, Inc. (The) by 2.7% during the 2nd quarter. BlackRock Inc. now owns 36,204,064 shares of the business services provider’s stock worth $890,619,000 after purchasing an additional 936,771 shares in the last quarter. Boston Partners increased its holdings in Interpublic Group of Companies, Inc. (The) by 1.7% during the 2nd quarter. Boston Partners now owns 21,969,850 shares of the business services provider’s stock worth $540,459,000 after purchasing an additional 376,427 shares in the last quarter. Massachusetts Financial Services Co. MA increased its holdings in Interpublic Group of Companies, Inc. (The) by 22.4% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 18,648,240 shares of the business services provider’s stock worth $458,188,000 after purchasing an additional 3,411,539 shares in the last quarter. Finally, Voya Investment Management LLC increased its holdings in Interpublic Group of Companies, Inc. (The) by 14.7% during the 2nd quarter. Voya Investment Management LLC now owns 9,175,028 shares of the business services provider’s stock worth $225,706,000 after purchasing an additional 1,177,667 shares in the last quarter. Hedge funds and other institutional investors own 97.92% of the company’s stock.

Interpublic Group of Companies, Inc. (The) 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, Inc. (The) (NYSE:IPG)

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