Interpublic Group of Companies (NYSE:IPG) Raised to Outperform at BNP Paribas

Interpublic Group of Companies (NYSE:IPG) was upgraded by analysts at BNP Paribas from an “underperform” rating to an “outperform” rating in a research report issued to clients and investors on Friday,Briefing.com Automated Import reports. The firm presently has a $38.00 price objective on the business services provider’s stock. BNP Paribas’ price target indicates a potential upside of 37.83% from the company’s current price.

Other equities research analysts have also issued reports about the stock. Barclays decreased their target price on shares of Interpublic Group of Companies from $32.50 to $32.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 23rd. UBS Group downgraded shares of Interpublic Group of Companies from a “neutral” rating to a “sell” rating and decreased their price objective for the stock from $34.00 to $29.00 in a report on Thursday, September 12th. StockNews.com started coverage on shares of Interpublic Group of Companies in a research report on Saturday, January 4th. They set a “hold” rating on the stock. Macquarie reiterated a “neutral” rating and set a $31.00 price target on shares of Interpublic Group of Companies in a research report on Tuesday, October 22nd. Finally, JPMorgan Chase & Co. cut Interpublic Group of Companies from an “overweight” rating to a “neutral” rating and lowered their price target for the stock from $36.00 to $33.00 in a report on Tuesday, October 1st. Two research analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $32.50.

Interpublic Group of Companies Price Performance

Shares of NYSE:IPG opened at $27.57 on Friday. Interpublic Group of Companies has a 52 week low of $26.88 and a 52 week high of $35.17. The company has a 50-day moving average price of $29.12 and a 200 day moving average price of $30.11. The company has a market cap of $10.27 billion, a P/E ratio of 13.00 and a beta of 1.11. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.77.

Interpublic Group of Companies (NYSE:IPG) last issued its earnings results on Tuesday, October 22nd. The business services provider reported $0.70 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.70. Interpublic Group of Companies had a return on equity of 27.76% and a net margin of 7.44%. The business had revenue of $2.24 billion during the quarter, compared to the consensus estimate of $2.30 billion. During the same period in the prior year, the business posted $0.70 EPS. The company’s revenue for the quarter was down 2.9% on a year-over-year basis. Research analysts predict that Interpublic Group of Companies will post 2.81 earnings per share for the current year.

Hedge Funds Weigh In On Interpublic Group of Companies

A number of institutional investors have recently made changes to their positions in IPG. Commonwealth Equity Services LLC raised its stake in Interpublic Group of Companies by 2.0% in the 2nd quarter. Commonwealth Equity Services LLC now owns 50,523 shares of the business services provider’s stock valued at $1,470,000 after purchasing an additional 1,002 shares during the last quarter. Los Angeles Capital Management LLC purchased a new stake in shares of Interpublic Group of Companies during the second quarter worth about $257,000. Acadian Asset Management LLC raised its position in shares of Interpublic Group of Companies by 190.7% in the second quarter. Acadian Asset Management LLC now owns 6,921 shares of the business services provider’s stock valued at $200,000 after buying an additional 4,540 shares during the last quarter. Quest Partners LLC acquired a new position in shares of Interpublic Group of Companies in the second quarter valued at approximately $39,000. Finally, Royal London Asset Management Ltd. lifted its stake in shares of Interpublic Group of Companies by 3.7% during the second quarter. Royal London Asset Management Ltd. now owns 169,301 shares of the business services provider’s stock valued at $4,925,000 after buying an additional 6,054 shares during the period. 98.43% of the stock is owned by institutional investors and hedge funds.

About Interpublic Group of Companies

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.