Interpublic Group of Companies (NYSE:IPG) Hits New 12-Month High at $24.03

Interpublic Group of Companies Inc (NYSE:IPG)’s stock price hit a new 52-week high during trading on Thursday . The company traded as high as $24.03 and last traded at $23.90, with a volume of 37789 shares traded. The stock had previously closed at $23.80.

Several analysts have commented on IPG shares. TheStreet upgraded shares of Interpublic Group of Companies from a “c+” rating to a “b-” rating in a report on Tuesday, November 12th. Wells Fargo & Co initiated coverage on shares of Interpublic Group of Companies in a report on Monday, September 23rd. They issued a “market perform” rating and a $23.00 price objective on the stock. Finally, ValuEngine upgraded shares of Interpublic Group of Companies from a “sell” rating to a “hold” rating in a report on Monday, October 7th. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $25.25.

The company has a debt-to-equity ratio of 1.92, a current ratio of 0.95 and a quick ratio of 0.95. The firm’s 50 day moving average is $22.84 and its two-hundred day moving average is $21.91. The firm has a market capitalization of $9.23 billion, a P/E ratio of 12.83, a PEG ratio of 2.44 and a beta of 1.11.

Interpublic Group of Companies (NYSE:IPG) last announced its earnings results on Tuesday, October 22nd. The business services provider reported $0.49 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.47 by $0.02. The company had revenue of $2.06 billion during the quarter, compared to analysts’ expectations of $2.06 billion. Interpublic Group of Companies had a net margin of 6.42% and a return on equity of 31.19%. Interpublic Group of Companies’s quarterly revenue was up 8.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.49 earnings per share. Analysts anticipate that Interpublic Group of Companies Inc will post 1.89 EPS for the current fiscal year.

In other news, CEO Michael Isor Roth sold 100,314 shares of the stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $22.04, for a total transaction of $2,210,920.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Linda S. Sanford purchased 3,363 shares of the business’s stock in a transaction dated Tuesday, November 26th. The shares were purchased at an average price of $22.27 per share, with a total value of $74,894.01. Following the purchase, the director now directly owns 3,363 shares in the company, valued at approximately $74,894.01. The disclosure for this purchase can be found here. Insiders have sold a total of 121,004 shares of company stock worth $2,668,559 over the last 90 days. Company insiders own 1.09% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. State of Michigan Retirement System boosted its holdings in Interpublic Group of Companies by 0.5% in the third quarter. State of Michigan Retirement System now owns 93,129 shares of the business services provider’s stock worth $2,008,000 after acquiring an additional 500 shares in the last quarter. World Asset Management Inc boosted its stake in Interpublic Group of Companies by 2.1% in the third quarter. World Asset Management Inc now owns 26,618 shares of the business services provider’s stock valued at $574,000 after acquiring an additional 554 shares in the last quarter. Private Capital Group LLC boosted its stake in Interpublic Group of Companies by 112.2% in the second quarter. Private Capital Group LLC now owns 1,110 shares of the business services provider’s stock valued at $26,000 after acquiring an additional 587 shares in the last quarter. First Hawaiian Bank boosted its stake in Interpublic Group of Companies by 2.6% in the fourth quarter. First Hawaiian Bank now owns 23,772 shares of the business services provider’s stock valued at $549,000 after acquiring an additional 610 shares in the last quarter. Finally, AlphaMark Advisors LLC boosted its stake in Interpublic Group of Companies by 23.0% in the third quarter. AlphaMark Advisors LLC now owns 3,304 shares of the business services provider’s stock valued at $71,000 after acquiring an additional 618 shares in the last quarter. Institutional investors and hedge funds own 96.92% of the company’s stock.

Interpublic Group of Companies Company Profile (NYSE:IPG)

The Interpublic Group of Companies, Inc provides advertising and marketing services worldwide. The company operates through two segments, Integrated Agency Networks and Constituency Management Group. It offers consumer advertising, digital marketing, communications planning and media buying, public relations, and specialized communications disciplines.

Read More: What does the Producer Price Index (PPI) tell investors?

Receive News & Ratings for Interpublic Group of Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Interpublic Group of Companies and related companies with MarketBeat.com's FREE daily email newsletter.