According to The Fly, bMO Capital analyst Daniel Salmon reiterated a Buy rating on Interpublic Group of Companies (NYSE: IPG) on April 22. The company’s shares opened today at $23.43, close to its 52-week high of $24.27.
Currently, the analyst consensus on Interpublic Group of Companies is Strong Buy and the average price target is $25, representing a 6.7% upside. In a report issued on April 22, Jefferies also reiterated a Buy rating on the stock with a $26 price target.
The company has a one year high of $24.27 and a one year low of $17.94. Currently, Interpublic Group of Companies has an average volume of 4.54M.
Unlike BMO Capital`s latest rating, based on the recent corporate insider activity of 28 insiders, corporate insider sentiment is negative on the stock. Most recently, in November 2015, Ellen Tobi Johnson, a the SVP of Finance & Treasurer of IPG sold 40,439 shares for a total of $930,097.
According to TipRanks.com, Salmon is a 4-star analyst with an average return of 6.1% and a 64.9% success rate. Salmon covers the Services sector, focusing on stocks such as Alliance Data Sys., Constant Contact, and 21st Century Fox.
Interpublic Group of Cos., Inc. provides marketing and business services. It specializes in consumer advertising, digital marketing, communications planning and media buying, public relations and specialized communications disciplines. The company has three global networks, McCann Worldgroup, Foote, Cone & Belding and MullenLowe Group, which provide integrated, large-scale advertising and marketing solutions for clients. Its global media services companies include UM and Initiative, which operate under the IPG Mediabrands umbrella. It operates its business through two segments: Integrated Agency Network and Constituency Management Group. The Integrated Agency Network segment is comprised of Draftfcb, Lowe, McCann, Media agencies and Stand-alone agencies. The Constituency Management Group segment includes Weber Shandwick, FutureBrand, DeVries, GolinHarris, Jack Morton, and Octagon Worldwide. It provides clients with diversified services, including public relations, meeting and event production, sports and entertainment marketing, corporate and brand identity and strategic marketing consulting. The company was formerly known as McCann-Erickson, Inc. and changed its name The Interpublic Group of Co., Inc. in January 1961. Interpublic was founded on September 18, 1930 and is headquartered in New York, NY.