Positive News Coverage Somewhat Unlikely to Affect Interpublic Group of Companies (IPG) Stock Price
News stories about Interpublic Group of Companies (NYSE:IPG) have trended positive this week, Accern Sentiment Analysis reports. The research group identifies negative and positive news coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Interpublic Group of Companies earned a daily sentiment score of 0.34 on Accern’s scale. Accern also assigned media coverage about the business services provider an impact score of 46.1477064905966 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
These are some of the news headlines that may have effected Accern Sentiment Analysis’s scoring:
- The Interpublic Group of Companies, Inc. (IPG): Scrutinizing the Chart (tingoos.com)
- Interpublic Group of Companies Inc.: Interpublic Schedules Fourth Quarter & Full Year 2017 Earnings Release (twst.com)
- $0.77 EPS Expected for The Interpublic Group of Companies, Inc. (IPG) (nismagazine.com)
- Zacks: Brokerages Anticipate Interpublic Group of Companies Inc (IPG) Will Announce Quarterly Sales of $2.28 Billion (americanbankingnews.com)
Shares of Interpublic Group of Companies (NYSE IPG) traded down $0.25 during trading on Friday, hitting $21.35. The stock had a trading volume of 3,516,149 shares, compared to its average volume of 3,848,939. The firm has a market capitalization of $8,296.80, a price-to-earnings ratio of 14.83, a PEG ratio of 1.29 and a beta of 1.47. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.63. Interpublic Group of Companies has a 12 month low of $18.30 and a 12 month high of $25.71.
A number of research firms have recently commented on IPG. Credit Suisse Group set a $26.00 price objective on Interpublic Group of Companies and gave the stock a “buy” rating in a research note on Wednesday, October 11th. Argus downgraded Interpublic Group of Companies from a “buy” rating to a “hold” rating and set a $27.00 price objective on the stock. in a research note on Tuesday, October 31st. Zacks Investment Research downgraded Interpublic Group of Companies from a “buy” rating to a “hold” rating in a research note on Thursday, October 12th. Royal Bank of Canada reissued a “hold” rating on shares of Interpublic Group of Companies in a research note on Friday, September 29th. Finally, Pivotal Research reissued a “buy” rating and issued a $23.00 price objective on shares of Interpublic Group of Companies in a research note on Tuesday, October 24th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and eight have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $25.57.
In other news, Director H John Greeniaus sold 43,479 shares of the business’s stock in a transaction on Friday, November 10th. The stock was sold at an average price of $19.00, for a total transaction of $826,101.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 1.49% of the stock is owned by insiders.
About Interpublic Group of Companies
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).
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