The Interpublic Group of Companies, Inc. (NYSE:IPG) current consensus investment analysts is to Outperform
The Interpublic Group of Companies, Inc. (NYSE:IPG) stock is presently standing at about $24.26 and lots of equity research firms seem to have a target price set on the stock. The median one-year price target of 15 analysts covering the company is $27.00, which suggests the stock could still rise over 10 percent. The highest analyst price target is $29.00, which implies a rally of 80 percent. And a quick view of analyst notes show that 6 are rating the stock a buy while 5 rate IPG a strong buy. There are 5 equity research firms advocating a Hold and 0 consider it Sell.
BofA/Merrill analysts provided their view on The Interpublic Group of Companies, Inc. (NYSE:IPG) recently. The rating firm issued a Buy rating to this company in a research note released on Mar 02, 2017. Pivotal Research Group analysts disclosed their opinion on The Interpublic Group of Companies, Inc. (NYSE:IPG) recently. The rating firm gave a Hold rating to this stock in a research note published on Jan 12, 2017. According to a research note disclosed on Jan 05, 2017, analysts at Morgan Stanley have lowered their rating on these shares from Overweight to Equal-Weight.
The Interpublic Group of Companies, Inc. (NYSE:IPG) Transactions Roundup
Several insiders were part of recent insider activity for the stock. Its Director HUDSON DAWN E sold 12,000 company shares for 290640, in a transaction on 2017-03-06. Following the transaction, the Director is left with a stake of 31,751 shares, currently valued at $770279. Meanwhile, SVP, GC & Sec Bonzani Andrew sold 38,831 shares worth $947090, through a transaction dated 2017-03-01. Following the completion of the transaction, the insider is left with a stake of 77,839 shares, amounting $1888374.14. IPG SVP, Cont & CAO CARROLL CHRISTOPHER F also sold 22,000 shares, at a stock price of $24.39. This transaction occurred on 2017-03-01 totals $536580. After this transaction, the insider’s stake stands at 42,991 shares, with a market value of $1042962.
Executives hold 1.21 percent of the stock. John J. Dooner,Jr is one of the biggest insider owners in The Interpublic Group of Companies, Inc. (NYSE:IPG), according to U.S. Securities and Exchange Commission (SEC) filings. The insider owns 624,919 shares which have current market value of around $15160534.94.Mr. David A. Bell is another major inside shareholder in the company. The insider owns 540,836 shares as of 0.14%, currently worth $13120681.36. Michael I. Roth is ranked as third insider holder of the stock. This insider holds 500,000 shares with a market value around $12130000 as of recent close.
The Interpublic Group of Companies, Inc. (NYSE:IPG) Earnings Outlook
In The Interpublic Group of Companies, Inc. (NYSE:IPG)’s latest quarter, EPS moved to $0.75 from $0.31 in preceding quarter and revenues reached at $2,264.50M compared to $1,922.20M. Analysts had expected The Interpublic Group of Companies, Inc. (NYSE:IPG) to post net income of about $0.67 per share on $2,256.83M in revenue. Looking ahead, analysts on average predict that earnings for the current quarter would come in in the range of $0.02 to $0.04. That is compared with the $0.00 in EPS it reported during the same period a year ago.