Interpublic Group of Companies Inc (NYSE:IPG) has been assigned a consensus recommendation of “Hold” from the fifteen brokerages that are covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, ten have given a hold rating and three have issued a buy rating on the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $24.88.

A number of analysts have weighed in on the stock. ValuEngine upgraded shares of Interpublic Group of Companies from a “sell” rating to a “hold” rating in a research report on Friday, June 22nd. Zacks Investment Research lowered shares of Interpublic Group of Companies from a “buy” rating to a “hold” rating in a research report on Tuesday, June 26th. Moffett Nathanson assumed coverage on shares of Interpublic Group of Companies in a research report on Tuesday, June 19th. They issued a “neutral” rating and a $23.00 target price on the stock. Finally, Pivotal Research cut their target price on shares of Interpublic Group of Companies from $25.00 to $23.00 and set a “hold” rating on the stock in a research report on Tuesday, July 3rd.

Shares of Interpublic Group of Companies stock opened at $22.54 on Friday. Interpublic Group of Companies has a fifty-two week low of $18.30 and a fifty-two week high of $26.01. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.61. The company has a market capitalization of $8.72 billion, a price-to-earnings ratio of 14.56, a P/E/G ratio of 1.71 and a beta of 1.20.

Interpublic Group of Companies (NYSE:IPG) last issued its earnings results on Tuesday, July 24th. The business services provider reported $0.43 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.43. Interpublic Group of Companies had a net margin of 6.75% and a return on equity of 28.53%. The firm had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.91 billion. During the same quarter last year, the business posted $0.27 earnings per share. The company’s quarterly revenue was up 3.5% on a year-over-year basis. equities analysts anticipate that Interpublic Group of Companies will post 1.72 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 18th. Stockholders of record on Tuesday, September 4th will be issued a dividend of $0.21 per share. The ex-dividend date is Friday, August 31st. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.73%. Interpublic Group of Companies’s dividend payout ratio (DPR) is presently 59.57%.

In other news, CFO Frank Mergenthaler sold 50,000 shares of Interpublic Group of Companies stock in a transaction on Tuesday, August 21st. The shares were sold at an average price of $22.46, for a total transaction of $1,123,000.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 1.32% of the stock is currently owned by insiders.

Several large investors have recently modified their holdings of IPG. Signaturefd LLC acquired a new position in shares of Interpublic Group of Companies during the first quarter worth $110,000. NYL Investors LLC acquired a new position in shares of Interpublic Group of Companies during the first quarter worth $175,000. LifePlan Financial Group Inc acquired a new position in shares of Interpublic Group of Companies during the second quarter worth $187,000. Chicago Equity Partners LLC acquired a new position in shares of Interpublic Group of Companies during the first quarter worth $200,000. Finally, Franklin Resources Inc. acquired a new position in shares of Interpublic Group of Companies during the first quarter worth $203,000. Institutional investors own 99.72% of the company’s stock.

About Interpublic Group of Companies

The Interpublic Group of Companies, Inc provides advertising and marketing services worldwide. The company operates through two segments, Integrated Agency Networks and Constituency Management Group. It offers consumer advertising, digital marketing, communications planning and media buying, public relations, and specialized communications disciplines.

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Analyst Recommendations for Interpublic Group of Companies (NYSE:IPG)

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