Stock Analysis:Interpublic (NYSE:IPG) Stock Target Upgraded
In a recent report revealed to investors and clients by Nomura on Thursday morning, Interpublic (NYSE:IPG) had its target price per share lifted to $26.00. The firm now has a solid Buy rating on shares.
From a total of 17 analysts covering Interpublic Group of Companies (NYSE:IPG) stock, 13 rate it a ”Buy”, 0 a “Sell”, and 7 a ”Hold”. This means that 65% of the ratings are positive. The highest target price is $27.5 while the lowest target price is $20. The mean of all analyst targets is $24.34 with a 3.60% above today’s ($23.05) stock price. Interpublic Group of Companies was the topic of 4 analyst reports since September 7, 2015 according to the firm StockzIntelligence Inc. Telsey Advisory Group maintained shares on October 22 with “Outperform” rating. FBR Capital upgraded IPG stock in a recent report from September 11 to “Outperform” rating.
It is down 10.60% since April 30, 2015 and is uptrending. It has outperformed by 10.89% the S&P500.
The Interpublic Group of Companies, Inc. is a global advertising and marketing services company. The company has a market cap of $9.44 billion. The Firm operates through two divisions: Integrated Agency Networks (IAN) and Constituency Management Group (CMG). It has 19.18 P/E ratio. IAN includes McCann Worldgroup, Foote, Cone & Belding, Lowe and Partners, IPG Mediabrands, its digital specialist agencies and its domestic integrated agencies.
According to Zacks Investment Research, “The Interpublic Group of Companies, Inc.’s is one of the world’s leading organizations of advertising agencies and marketing services companies. Major global brands include Draftfcb, FutureBrand, GolinHarris International, Initiative, Jack Morton Worldwide, Lowe Worldwide, MAGNA Global, McCann Erickson, Momentum, MRM Worldwide, Octagon, Universal McCann and Weber Shandwick. Leading domestic brands include Campbell-Ewald, Carmichael Lynch, Deutsch, Hill Holliday, Mullen and The Martin Agency.” Get a free copy of the Zacks research report on Interpublic Group of Companies Inc (IPG).