StockNews.com Begins Coverage on Interpublic Group of Companies (NYSE:IPG)

Research analysts at StockNews.com initiated coverage on shares of Interpublic Group of Companies (NYSE:IPG) in a research report issued to clients and investors on Tuesday. The brokerage set a “hold” rating on the business services provider’s stock.

Several other research analysts have also recently issued reports on the stock. Macquarie restated a “neutral” rating and issued a $31.00 target price on shares of Interpublic Group of Companies in a report on Tuesday, October 22nd. Wells Fargo & Company upgraded shares of Interpublic Group of Companies from an “underweight” rating to an “equal weight” rating and raised their target price for the stock from $26.00 to $34.00 in a report on Tuesday, December 10th. Barclays upgraded shares of Interpublic Group of Companies from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $32.00 to $36.00 in a report on Friday, January 24th. JPMorgan Chase & Co. upgraded shares of Interpublic Group of Companies from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $32.00 to $39.00 in a report on Monday. Finally, BNP Paribas upgraded shares of Interpublic Group of Companies from an “underperform” rating to an “outperform” rating and set a $38.00 price target on the stock in a report on Friday, January 10th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $33.75.

Interpublic Group of Companies Stock Down 0.1 %

Shares of Interpublic Group of Companies stock opened at $28.84 on Tuesday. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.09 and a current ratio of 1.09. Interpublic Group of Companies has a 52-week low of $26.30 and a 52-week high of $35.17. The stock has a market capitalization of $10.74 billion, a price-to-earnings ratio of 13.60 and a beta of 1.11. The company’s 50 day moving average price is $28.82 and its 200-day moving average price is $30.05.

Institutional Trading of Interpublic Group of Companies

A number of hedge funds have recently modified their holdings of IPG. Catalyst Capital Advisors LLC bought a new stake in shares of Interpublic Group of Companies during the 3rd quarter valued at $26,000. Ashton Thomas Securities LLC bought a new stake in shares of Interpublic Group of Companies during the 3rd quarter valued at $32,000. Brooklyn Investment Group bought a new stake in shares of Interpublic Group of Companies during the 3rd quarter valued at $60,000. Trust Co. of Vermont raised its position in shares of Interpublic Group of Companies by 250.0% in the 3rd quarter. Trust Co. of Vermont now owns 2,100 shares of the business services provider’s stock worth $66,000 after purchasing an additional 1,500 shares during the last quarter. Finally, Raleigh Capital Management Inc. raised its position in shares of Interpublic Group of Companies by 31.8% in the 3rd quarter. Raleigh Capital Management Inc. now owns 2,356 shares of the business services provider’s stock worth $75,000 after purchasing an additional 568 shares during the last quarter. Institutional investors own 98.43% of the company’s stock.

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.