The Interpublic Group of Companies, Inc. (NYSE:IPG) registered a 0.04% increase, still its new closing price is 20.90% up from the company’s 1 year high of 24.58.It posted -2.43% losses in previous 5 sessions and is now the subject of 6 analysts who together assign a hold rating on stock. 0 of Wall Street analysts have an underperform rating; the 0 sells versus 5 buy or better ratings. The 17 stock analysts following this company have an average price target at $26.13, with individual PT in the $24.00-$29.00 range. The shares moved at $23.31, implying that brokerage firms see shares gaining about 8.56% in twelve months time.
The Interpublic Group of Companies, Inc. (IPG) SEC Form 4 News
The stock is getting much attention these days as insiders are offloading shares while they posted a -0.43% fall year to date. A SVP of Finance and Treasurer at The Interpublic Group of Companies, Inc. (IPG) offloaded shares in a transaction closed on Tuesday September 06, 2016. Johnson Ellen Tobi sold 35,765 shares in the company at $22.69 each and collected $811,001 in proceeds. Johnson Ellen Tobi now owns 52,257 shares in the company after this transaction. A SVP, Controller & CAO in the company, CARROLL CHRISTOPHER F, disclosed a transaction on Monday May 02, 2016 that ended up generating $466,001 from the sale of 20,000 shares at $23.33 per share.
The Interpublic Group of Companies, Inc. (NYSE:IPG) Upcoming Results on Tap
The Interpublic Group of Companies, Inc. will next provide financial results for the March 2017 quarter. Stock analysts expect it to report per-share earnings of $0.34 in that period. Sales during the quarter are predicted to arrive at $1.78 billion.
Earnings surprise history: Last quarter, the company posted approximately $1.92 billion in revenue and EPS of $0.31. The mean forecast was for $1.91 billion and $0.29 a share, respectively. One quarter earlier, revenue for the stock was at $1.92 billion, with earnings at $0.33/share.
The Interpublic Group of Companies, Inc. (IPG) Brokerage Update
The Interpublic Group of Companies, Inc. (IPG) is in Pivotal Research Group’s research list so their analyst rating change is noteworthy. These shares were downgraded to Hold from Buy by Pivotal Research Group, according to news reported on Thursday January 12, 2017.Another important research note was issued by Morgan Stanley on Thursday January 05, 2017.The firm downgraded IPG to Equal-Weight from Overweight. Over the last six months and over the last three months, the shares of The Interpublic Group of Companies, Inc. (IPG), have changed 4.46% and 5.79%, respectively.