Interpublic Group of Companies (NYSE:IPG) Price Target Lowered to $32.00 at Barclays

Interpublic Group of Companies (NYSE:IPG) had its price target trimmed by Barclays from $32.50 to $32.00 in a research note issued to investors on Wednesday, Benzinga reports. The brokerage currently has an equal weight rating on the business services provider’s stock.

Several other equities research analysts have also issued reports on IPG. UBS Group lowered Interpublic Group of Companies from a “neutral” rating to a “sell” rating and dropped their price target for the company from $34.00 to $29.00 in a research report on Thursday, September 12th. Bank of America dropped their target price on shares of Interpublic Group of Companies from $36.00 to $35.00 and set a “buy” rating on the stock in a report on Thursday, September 5th. JPMorgan Chase & Co. downgraded shares of Interpublic Group of Companies from an “overweight” rating to a “neutral” rating and lowered their price objective for the company from $36.00 to $33.00 in a research report on Tuesday, October 1st. BNP Paribas cut shares of Interpublic Group of Companies from a “neutral” rating to an “underperform” rating in a report on Monday, September 30th. Finally, Morgan Stanley lowered Interpublic Group of Companies from an “equal weight” rating to an “underweight” rating and lowered their target price for the company from $34.00 to $28.00 in a report on Monday, July 22nd. Five analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $30.57.

Interpublic Group of Companies Trading Down 0.3 %

IPG opened at $29.80 on Wednesday. Interpublic Group of Companies has a 12-month low of $27.54 and a 12-month high of $35.17. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.07 and a quick ratio of 1.06. The stock has a market capitalization of $11.19 billion, a PE ratio of 14.06, a P/E/G ratio of 4.97 and a beta of 1.09. The firm’s fifty day moving average price is $31.33 and its 200 day moving average price is $30.73.

Interpublic Group of Companies (NYSE:IPG) last issued its quarterly earnings results on Tuesday, October 22nd. The business services provider reported $0.70 EPS for the quarter, hitting the consensus estimate of $0.70. The business had revenue of $2.24 billion for the quarter, compared to analysts’ expectations of $2.30 billion. Interpublic Group of Companies had a net margin of 7.44% and a return on equity of 27.51%. The company’s quarterly revenue was down 2.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.70 earnings per share. As a group, research analysts expect that Interpublic Group of Companies will post 2.83 EPS for the current fiscal year.

Interpublic Group of Companies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 17th. Shareholders of record on Tuesday, September 3rd were given a dividend of $0.33 per share. The ex-dividend date was Tuesday, September 3rd. This represents a $1.32 dividend on an annualized basis and a yield of 4.43%. Interpublic Group of Companies’s dividend payout ratio (DPR) is presently 62.26%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of IPG. Benjamin Edwards Inc. grew its position in Interpublic Group of Companies by 73.8% in the 2nd quarter. Benjamin Edwards Inc. now owns 883 shares of the business services provider’s stock valued at $26,000 after buying an additional 375 shares in the last quarter. Hazlett Burt & Watson Inc. boosted its holdings in shares of Interpublic Group of Companies by 652.2% in the second quarter. Hazlett Burt & Watson Inc. now owns 1,038 shares of the business services provider’s stock valued at $30,000 after acquiring an additional 900 shares in the last quarter. International Assets Investment Management LLC bought a new position in shares of Interpublic Group of Companies in the second quarter valued at approximately $32,000. EverSource Wealth Advisors LLC increased its stake in shares of Interpublic Group of Companies by 52.5% during the second quarter. EverSource Wealth Advisors LLC now owns 1,177 shares of the business services provider’s stock valued at $38,000 after acquiring an additional 405 shares during the period. Finally, Quest Partners LLC bought a new stake in Interpublic Group of Companies during the second quarter worth approximately $39,000. 98.43% of the stock is owned by institutional investors and hedge funds.

Interpublic Group of Companies Company Profile

The Interpublic Group of Companies, Inc provides advertising and marketing services worldwide. It operates in three segments: Media, Data & Engagement Solutions, Integrated Advertising & Creativity Led Solutions, and Specialized Communications & Experiential Solutions. The Media, Data & Engagement Solutions segment provides media and communications services, digital services and products, advertising and marketing technology, e-commerce services, data management and analytics, strategic consulting, and digital brand experience under the IPG Mediabrands, UM, Initiative, Kinesso, Acxiom, Huge, MRM, and R/GA brand names.