Interpublic Group of Companies Inc (IPG) was Reiterated by Telsey Advisory Group to “Outperform” according to the research note released today. The brokerage firm has raised the Price Target to $ 28 from a previous price target of $27.50 . Telsey Advisory Group advised their investors in a research report released on Apr 25, 2016.
Many Wall Street Analysts have commented on Interpublic Group of Companies Inc. Shares were Reiterated by Wedbush on Feb 9, 2016 to “Outperform” and Lowered the Price Target to $ 26 from a previous price target of $27 .
On the company’s financial health, Interpublic Group of Companies Inc reported $0.66 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Feb 12, 2016. Analyst had a consensus of $0.62. The company had revenue of $2196.20 million for the quarter, compared to analysts expectations of $2191.19 million. The company’s revenue was down -.5 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.57 EPS.
Interpublic Group of Companies Inc (IPG) witnessed a volatile trading activity on Friday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $24.18 and reached the intraday high at $24.27. The bulls started the profit booking and pushed the shares to intraday low of $23.32. The trading session was marked by a volume range of 76,95,071 shares exchanging hands. The 52-week high of the shares is $24.27 and the 52-week low is $18.16. The market cap of the company stands at $9,422 M and there are 40,21,29,570 shares in public circulation.
In a different news, on Mar 2, 2016, Jocelyn Carter-miller (director) sold 13,954 shares at $21.54 per share price. According to the SEC, on Mar 2, 2016, Andrew Bonzani (SVP, GC & Sec) sold 20,675 shares at $21.59 per share price. On Mar 2, 2016, Michael Isor Roth (Chairman and CEO) sold 134,457 shares at $21.58 per share price, according to the Form-4 filing with the securities and exchange commission.
The Interpublic Group of Companies Inc. (IPG) is a global advertising and marketing services company. The Company operates through two segments: Integrated Agency Networks (IAN) and Constituency Management Group (CMG). IAN includes McCann Worldgroup Foote Cone & Belding Lowe and Partners IPG Mediabrands its digital specialist agencies and its domestic integrated agencies. IANs domestic integrated agencies including Hill Holliday Carmichael Lynch Dailey Tierney and Mullen provide a range of advertising marketing communications services and/or marketing services. CMG which includes Weber Shandwick Cassidy DeVries Golin FutureBrand Jack Morton and Octagon Worldwide provides diversified services including public relations meeting and event production sports and entertainment marketing corporate and brand identity and strategic marketing consulting.