Morgan Stanley’s equity research analysts raised their price target for Interpublic Group of Companies (NYSE: IPG), which they had previously set at $33.00, to $35.00 on Monday in a note to investors. Previously, it had been set at $33.00. Benzinga has provided coverage of this latest development. At this time, the corporation views all of the shares held by the business services provider as having “equal weight.” According to the price target that Morgan Stanley has set for the stock, the company anticipates that it will eventually trade at 7.83% higher than where it is currently trading.
IPG has also had feedback from a variety of other equity analysts. This information was obtained recently. On Thursday, August 25, BNP Paribas began its coverage of the Interpublic Group of Companies by publishing a research paper on the company. This event marked the beginning of the bank’s coverage of the company. They gave the business an “outperform” rating across the board. Exane BNP Paribas has stated, according to a report made available to the general public on August 25, that it has begun providing coverage for the Interpublic Group of Companies. They gave the business an “outperform” rating across the board. Interpublic Group of Companies was added to StockNews.com’s scope of reporting on Wednesday, October 12. They recommended that shareholders “hold” their shares of the company. Redburn Partners reiterated, in a report made available to the public on Thursday, September 8, that it continues to assign a “neutral” rating to the Interpublic Group of Companies. Indeed, that is the answer that should be given. One of the equity research analysts has recommended selling the stock, while five of them have suggested holding onto it, and seven of them have given the stock a buy rating. According to the data discovered on Bloomberg.com, the users of that website have assigned the company a rating of “Hold” and have established an average price objective of $35.75 for the stock.
NYSE IPG began trading at $32.46 on Monday. Over the previous twelve months, the share price of Interpublic Group of Companies has ranged from as low as $25.14 to as high as $39.98. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.04, and a quick ratio of 1.04. These numbers all come out to the same total. The price of the stock’s simple moving average over the past 50 days is $31.14, and its simple moving average over the past 200 days is $29.31. The stock has a price-to-earnings ratio of 12.88, a price-to-earnings-to-growth ratio of 7.75, and a beta of 1.09. Its market capitalization is $12.61 billion.
On Friday, October 21, the public was given access to the earnings report for Interpublic Group of Companies, which is traded on the New York Stock Exchange under the ticker symbol IPG. The provider of business services reported earnings per share (EPS) of $0.63 for the quarter, which is $0.04 higher than the consensus estimate of $0.59. The company also beat the estimate by $0.01. The Interpublic Group of Companies had a return on equity of 28.78% and a net margin of 9.18%. Both of these figures are percentages based on the return on equity. The company’s revenue for the previous quarter came in at $2.30 billion, which is higher than the revenue forecast of $2.29 billion that industry analysts made on average. Analysts in the industry anticipate that the Interpublic Group of Companies will report a profit of $2.74 per share for the current fiscal year.
Several hedge funds have recently modified their investment strategies in IPG to take advantage of recent market shifts. The purchase of a new investment in the Interpublic Group of Companies by Harel Insurance Investments & Financial Services Ltd. costs approximately $26,000. It took place during the second quarter of the year. In addition, during the second quarter, Venture Visionary Partners LLC was allowed to take on a new role within the Interpublic Group of Companies. The salary for this position was approximately $26,000. During the second quarter, Concord Wealth Partners successfully achieved a 251.5% increase in the size of its holdings in the Interpublic Group of Companies. After making a new purchase of 674 shares during the most recent fiscal quarter, Concord Wealth Partners now possesses 942 shares of the business services provider’s stock, which have a value of $26,000. This brings the total number of shares the firm owns in the business to 942, which was previously the case. In addition, ten Capital Wealth Advisors LLC acquired a new investment in Interpublic Group of Companies during the third quarter. The total value of this investment was approximately $31,000.
Last but not least, during the first three months of 2018, Tcwp LLC increased its stake in the Interpublic Group of Companies by purchasing a new share position with an approximate value of $32,000. This was done as part of the expansion of the company’s holdings. The stock’s total value comprises 97.92% of the holdings that hedge funds and other institutional investors make.
The Interpublic Group of Companies, Inc., is widely regarded as the industry’s preeminent leader in terms of the provision of advertising and marketing services on a global scale. At the moment, it is composed of two departments: Integrated Agency Networks (IAN) and IPG DXTRA. Some of the organization’s services include consumer advertising, digital marketing, communications planning, media procurement, public relations, specialist communications disciplines, and data science.