Interpublic Group of Companies (NYSE:IPG) Downgraded by StockNews.com

StockNews.com lowered shares of Interpublic Group of Companies (NYSE:IPG) from a hold rating to a sell rating in a research report released on Wednesday morning.

Other research analysts have also issued research reports about the stock. Barclays lowered their price objective on shares of Interpublic Group of Companies from $32.50 to $32.00 and set an “equal weight” rating for the company in a research note on Wednesday. Morgan Stanley downgraded shares of Interpublic Group of Companies from an “equal weight” rating to an “underweight” rating and dropped their price target for the stock from $34.00 to $28.00 in a research note on Monday, July 22nd. JPMorgan Chase & Co. cut Interpublic Group of Companies from an “overweight” rating to a “neutral” rating and reduced their price objective for the company from $36.00 to $33.00 in a research note on Tuesday, October 1st. Wells Fargo & Company reissued an “underweight” rating and set a $26.00 target price (down from $28.00) on shares of Interpublic Group of Companies in a research note on Tuesday, October 22nd. Finally, Macquarie reaffirmed a “neutral” rating and issued a $31.00 price target on shares of Interpublic Group of Companies in a research report on Tuesday, October 22nd. Five analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $30.57.

Interpublic Group of Companies Stock Down 0.3 %

Interpublic Group of Companies stock opened at $29.80 on Wednesday. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.06 and a current ratio of 1.07. The firm has a 50 day moving average price of $31.33 and a 200 day moving average price of $30.73. Interpublic Group of Companies has a fifty-two week low of $27.54 and a fifty-two week high of $35.17. The company has a market capitalization of $11.19 billion, a PE ratio of 14.06, a price-to-earnings-growth ratio of 4.97 and a beta of 1.09.

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

Interpublic Group of Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 3rd were issued a $0.33 dividend. The ex-dividend date was Tuesday, September 3rd. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.43%. Interpublic Group of Companies’s payout ratio is currently 62.26%.

Hedge Funds Weigh In On Interpublic Group of Companies

Hedge funds have recently added to or reduced their stakes in the stock. Benjamin Edwards Inc. boosted its holdings in shares of 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 stake in 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 purchased a new position in shares of Interpublic Group of Companies during the second quarter worth about $32,000. EverSource Wealth Advisors LLC increased its position 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 worth $38,000 after purchasing an additional 405 shares in the last quarter. Finally, Quest Partners LLC purchased a new stake in shares of Interpublic Group of Companies in the 2nd quarter valued at about $39,000. 98.43% of the stock is currently owned by hedge funds and other institutional investors.

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.