Interpublic Group of Companies Inc (IPG) was Reiterated by Pivotal Research Group to “Buy” according to the research note released today. The brokerage firm has raised the Price Target to $ 28 from a previous price target of $27 . Pivotal Research Group advised their investors in a research report released on Oct 17, 2016.
Many Wall Street Analysts have commented on Interpublic Group of Companies Inc. Company shares were Reiterated by Pivotal Research Group on Oct 17, 2016 to “Buy”, Firm has raised the Price Target to $ 28 from a previous price target of $27 .RBC Capital Mkts Initiated Interpublic Group of Companies Inc on Oct 7, 2016 to “Top Pick”, Price Target of the shares are set at $27.Interpublic Group of Companies Inc was Initiated by Credit Suisse to “Outperform” on Sep 15, 2016.
On the company’s financial health, Interpublic Group of Companies Inc reported $0.33 EPS for the quarter, based on the information available during the earnings call on Jul 21, 2016. Analyst had a consensus estimate of $0.33. The company had revenue of $1917.90 million for the quarter, compared to analysts expectations of $1934.16 million. The company’s revenue was up 2.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.29 EPS.
Interpublic Group of Companies Inc opened for trading at $22.59 and hit $22.74 on the upside on Friday, eventually ending the session at $22.66, with a gain of 0.76% or 0.17 points. The heightened volatility saw the trading volume jump to 33,36,584 shares. Company has a market cap of $9,080 M.
In a different news, on Sep 7, 2016, Ellen Tobi Johnson (SVP of Finance and Treasurer) sold 35,765 shares at $22.69 per share price. According to the SEC, on May 3, 2016, Christopher F Carroll (SVP, Controller & CAO) sold 20,000 shares at $23.33 per share price. On Apr 29, 2016, Michael Isor Roth (Chairman & CEO) sold 500,000 shares at $23.25 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.