Interpublic Group of Companies (NYSE:IPG) Cut to “Underperform” at BNP Paribas

BNP Paribas downgraded shares of Interpublic Group of Companies (NYSE:IPG) from a neutral rating to an underperform rating in a research note released on Monday morning, Marketbeat Ratings reports.

Several other brokerages have also commented on IPG. Macquarie decreased their price objective on Interpublic Group of Companies from $33.00 to $31.00 and set a neutral rating for the company in a report on Thursday, July 25th. UBS Group cut Interpublic Group of Companies from a neutral rating to a sell rating and decreased their price target for the company from $34.00 to $29.00 in a research note on Thursday, September 12th. Morgan Stanley downgraded shares of Interpublic Group of Companies from an equal weight rating to an underweight rating and cut their price objective for the company from $34.00 to $28.00 in a report on Monday, July 22nd. JPMorgan Chase & Co. lowered their target price on shares of Interpublic Group of Companies from $37.00 to $36.00 and set an overweight rating for the company in a research note on Friday, July 12th. Finally, Bank of America dropped their target price on shares of Interpublic Group of Companies from $36.00 to $35.00 and set a buy rating on the stock in a research report on Thursday, September 5th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of Hold and a consensus price target of $32.44.

Interpublic Group of Companies Price Performance

Shares of IPG stock opened at $30.81 on Monday. The stock’s 50-day moving average is $31.25 and its 200 day moving average is $30.88. Interpublic Group of Companies has a 1-year low of $27.20 and a 1-year high of $35.17. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.07 and a quick ratio of 1.06. The company has a market cap of $11.63 billion, a P/E ratio of 10.96, a PEG ratio of 5.23 and a beta of 1.10.

Interpublic Group of Companies (NYSE:IPG) last released its quarterly earnings results on Wednesday, July 24th. The business services provider reported $0.61 earnings per share for the quarter, beating analysts’ consensus estimates of $0.59 by $0.02. The business had revenue of $2.71 billion for the quarter, compared to analysts’ expectations of $2.33 billion. Interpublic Group of Companies had a net margin of 9.46% and a return on equity of 27.98%. The company’s revenue was up 1.6% compared to the same quarter last year. During the same period last year, the business earned $0.74 EPS. Research analysts predict that Interpublic Group of Companies will post 2.82 earnings per share for the current fiscal year.

Interpublic Group of Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 17th. Shareholders of record on Tuesday, September 3rd were paid a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 4.28%. The ex-dividend date was Tuesday, September 3rd. Interpublic Group of Companies’s payout ratio is 46.98%.

Institutional Trading of Interpublic Group of Companies

Hedge funds and other institutional investors have recently made changes to their positions in the business. Benjamin Edwards Inc. boosted its holdings in Interpublic Group of Companies by 73.8% in the second quarter. Benjamin Edwards Inc. now owns 883 shares of the business services provider’s stock valued at $26,000 after purchasing an additional 375 shares during the last quarter. Hazlett Burt & Watson Inc. boosted its stake in shares of 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 worth $30,000 after buying an additional 900 shares during the last quarter. Voisard Asset Management Group Inc. acquired a new stake in Interpublic Group of Companies during the fourth quarter worth about $31,000. International Assets Investment Management LLC purchased a new position in Interpublic Group of Companies during the second quarter valued at approximately $32,000. Finally, EverSource Wealth Advisors LLC lifted its holdings in Interpublic Group of Companies by 52.5% in the second quarter. EverSource Wealth Advisors LLC now owns 1,177 shares of the business services provider’s stock valued at $38,000 after acquiring an additional 405 shares during the period. Institutional investors and hedge funds own 98.43% of the company’s stock.

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.