Barclays (LON:BARC) analyst Julien Roch maintained a Buy rating on Interpublic Group of Companies (NYSE:IPG) on Friday, setting a price target of $45, which is approximately 20.87% above the present share price of $37.23.
Roch expects Interpublic Group of Companies to post earnings per share (EPS) of $0.67 for the fourth quarter of 2021.
The current consensus among 7 TipRanks analysts is for a Moderate Buy rating of shares in Interpublic Group of Companies, with an average price target of $40.
The analysts price targets range from a high of $45 to a low of $36.
In its latest earnings report, released on 06/30/2021, the company reported a quarterly revenue of $2.51 billion and a net profit of $384.2 million. The company's market cap is $14.65 billion.
According to TipRanks.com, Barclays analyst Julien Roch is currently ranked with 4 stars on a 0-5 stars ranking scale, with an average return of 8.9% and a 54.35% success rate.
Interpublic Group of Cos., Inc. engages in the provision of advertising and marketing services. The company specializes in consumer advertising, digital marketing, communications planning and media buying, public relations, and specialized communications disciplines. It operates through the following segments: Integrated Agency Network (IAN), Constituency Management Group (CMG), and Corporate and Other. The IAN segment includes advertising and media services, as well as a comprehensive array of global communications and marketing services. The CMG segment offers events and public relations services as well as sports and entertainment marketing, corporate and brand identity, and strategic marketing consulting. The Corporate and Other segment refers to the Acxiom activities. The company was founded on September 18, 1930 and is headquartered in New York, NY.