Interpublic Group of Companies (NYSE:IPG) Reaches New 1-Year Low – Should You Sell?

The Interpublic Group of Companies, Inc. (NYSE:IPG)’s share price reached a new 52-week low during trading on Friday . The stock traded as low as $26.86 and last traded at $26.86, with a volume of 1221007 shares. The stock had previously closed at $27.53.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on IPG shares. Wells Fargo & Company upgraded Interpublic Group of Companies from an “underweight” rating to an “equal weight” rating and lifted their price target for the company from $26.00 to $34.00 in a research report on Tuesday, December 10th. JPMorgan Chase & Co. lowered shares of Interpublic Group of Companies from an “overweight” rating to a “neutral” rating and dropped their target price for the company from $36.00 to $33.00 in a research report on Tuesday, October 1st. Macquarie reissued a “neutral” rating and issued a $31.00 price target on shares of Interpublic Group of Companies in a report on Tuesday, October 22nd. StockNews.com began coverage on shares of Interpublic Group of Companies in a research report on Sunday. They issued a “hold” rating for the company. Finally, Barclays reduced their target price on Interpublic Group of Companies from $32.50 to $32.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 23rd. Two investment 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. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $32.50.

Interpublic Group of Companies Stock Performance

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 company has a fifty day moving average price of $29.06 and a 200 day moving average price of $30.10. The stock has a market cap of $9.94 billion, a PE ratio of 12.59 and a beta of 1.11.

Interpublic Group of Companies (NYSE:IPG) last announced its quarterly earnings data on Tuesday, October 22nd. The business services provider reported $0.70 earnings per share for the quarter, meeting the consensus estimate of $0.70. Interpublic Group of Companies had a return on equity of 27.76% and a net margin of 7.44%. The firm had revenue of $2.24 billion during the quarter, compared to the consensus estimate of $2.30 billion. During the same quarter in the previous year, the company posted $0.70 earnings per share. The business’s revenue was down 2.9% on a year-over-year basis. Analysts expect that The Interpublic Group of Companies, Inc. will post 2.81 earnings per share for the current year.

Interpublic Group of Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 2nd were given a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.95%. The ex-dividend date was Monday, December 2nd. Interpublic Group of Companies’s payout ratio is 62.26%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in IPG. Catalyst Capital Advisors LLC bought a new position in shares of Interpublic Group of Companies in the 3rd quarter worth about $26,000. Benjamin Edwards Inc. boosted its stake in Interpublic Group of Companies by 73.8% in the 2nd quarter. Benjamin Edwards Inc. now owns 883 shares of the business services provider’s stock worth $26,000 after purchasing an additional 375 shares in the last quarter. Ashton Thomas Securities LLC purchased a new stake in Interpublic Group of Companies during the 3rd quarter valued at about $32,000. EverSource Wealth Advisors LLC increased its stake in Interpublic Group of Companies by 52.5% during 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 in the last quarter. Finally, Quest Partners LLC bought a new position in shares of Interpublic Group of Companies in the second quarter worth approximately $39,000. 98.43% of the stock is owned by hedge funds and other institutional investors.

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.