Interpublic Group of Companies (NYSE:IPG) Upgraded at Barclays

Interpublic Group of Companies (NYSE:IPG) was upgraded by analysts at Barclays from an “equal weight” rating to an “overweight” rating in a report issued on Friday, MarketBeat.com reports. The firm currently has a $36.00 target price on the business services provider’s stock, up from their prior target price of $32.00. Barclays‘s price target suggests a potential upside of 27.24% from the stock’s current price.

IPG has been the subject of several other research reports. BNP Paribas raised Interpublic Group of Companies from an “underperform” rating to an “outperform” rating and set a $38.00 target price for the company in a research note on Friday, January 10th. Macquarie restated a “neutral” rating and set a $31.00 price objective on shares of Interpublic Group of Companies in a research report on Tuesday, October 22nd. JPMorgan Chase & Co. downgraded shares of Interpublic Group of Companies from an “overweight” rating to a “neutral” rating and dropped their target price for the stock from $36.00 to $33.00 in a report on Tuesday, October 1st. StockNews.com assumed coverage on shares of Interpublic Group of Companies in a research note on Monday. They set a “hold” rating for the company. Finally, Wells Fargo & Company raised Interpublic Group of Companies from an “underweight” rating to an “equal weight” rating and boosted their target price for the stock from $26.00 to $34.00 in a research report on Tuesday, December 10th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $33.00.

Interpublic Group of Companies Stock Performance

Shares of IPG opened at $28.29 on Friday. The firm has a market capitalization of $10.54 billion, a PE ratio of 13.35 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. The firm has a 50-day moving average price of $28.75 and a 200 day moving average price of $30.04. Interpublic Group of Companies has a 52-week low of $26.30 and a 52-week high of $35.17.

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. The business had revenue of $2.24 billion during 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 27.76%. The business’s revenue was down 2.9% on a year-over-year basis. During the same period last year, the firm posted $0.70 earnings per share. On average, sell-side analysts anticipate that Interpublic Group of Companies will post 2.81 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Interpublic Group of Companies

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Catalyst Capital Advisors LLC acquired a new position in Interpublic Group of Companies in the third quarter worth approximately $26,000. Ashton Thomas Securities LLC acquired a new position in shares of Interpublic Group of Companies during the 3rd quarter worth $32,000. EverSource Wealth Advisors LLC lifted its stake in shares of Interpublic Group of Companies by 52.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,177 shares of the business services provider’s stock valued at $38,000 after purchasing an additional 405 shares during the last quarter. Brooklyn Investment Group bought a new stake in Interpublic Group of Companies in the third quarter worth $60,000. Finally, Trust Co. of Vermont increased its position in Interpublic Group of Companies by 250.0% during the third quarter. Trust Co. of Vermont now owns 2,100 shares of the business services provider’s stock worth $66,000 after buying an additional 1,500 shares during the last quarter. 98.43% of the stock is owned by hedge funds and other institutional investors.

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.