Confidence in Interpublic (NYSE:IPG) Shares by Morgan Stanley Rise.


Interpublic (NYSE:IPG) Stock Upgrade

Equities researchers at the Morgan Stanley equities division upgraded shares of Interpublic (NYSE:IPG) from a “Equal-Weight” to a “Overweight” on Friday, 18 December.

From a total of 17 analysts covering Interpublic Group of Companies (NYSE:IPG) stock, 0 rate it a ”Buy”, 0 a “Sell”, and 0 a ”Hold”. This means that NaN 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 $24.43 with a 5.61% above today’s ($23.01) stock price. Interpublic Group of Companies was the topic of 5 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.

Approximately 1.49 million shares of stock traded hands. Interpublic Group of Companies Inc (NYSE:IPG) has risen 6.69% since May 15, 2015 and is uptrending. It has outperformed by 10.50% the S&P500.

The overall sentiment of institutions has decreased to 0.99 in Q2 2015. Its down 0.05, from 1.04 in 2015Q2. The ratio fall, as 38 institutions have sold all the shares of Interpublic Group of Companies Inc that they owned while 147 funds have taken shares off the table. 49 funds have purchased shares for the first time while 134 added to their positions. These institutions now hold 367.37 million shares or 0.39% more than the 365.94 million shares they owned in 2015Q2.

The Fund Act Ii Management Lp currently is holding shares equating to 7.72% of its total portfolio in Interpublic Group of Companies Inc representing a total of 785,252 shares. Another fund,Fir Tree Inc., is holding a total of 21.43 million shares equating to 6.87% of their holdings. Additionally, 13D Management Llc has a 881,122 share stake in Interpublic Group of Companies Inc which represents 4.49% of their total portfolio. The Fund, Capital Management Corp Va, based out of Virginia, has also built up a stake in the stock, which represents a total of 3.74% of their total portfolio. Finally Ariel Investments Llc, a fund which is based in the state of Illinois reported a total holdings of 10.23 million shares.

The Interpublic Group of Companies, Inc. is a global advertising and marketing services company. The company has a market cap of $9.33 billion. The Firm operates through two divisions: Integrated Agency Networks (IAN) and Constituency Management Group (CMG). It has 19.15 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.”