Wells Fargo Keeps Cummins (CMI) As Buy; Has Target Price Of $195.0; Shorts at Interpublic Group of Companies (the) Common (IPG) Raised By 8.86%

February 22, 2018 - By Marguerite Chambers

Interpublic Group of Companies Inc (the) Common (NYSE:IPG) had an increase of 8.86% in short interest. IPG’s SI was 24.65M shares in February as released by FINRA. Its up 8.86% from 22.64M shares previously. With 4.36M avg volume, 6 days are for Interpublic Group of Companies Inc (the) Common (NYSE:IPG)’s short sellers to cover IPG’s short positions. The SI to Interpublic Group of Companies Inc (the) Common’s float is 6.39%. The stock decreased 0.68% or $0.165 during the last trading session, reaching $24.235. About 2.92M shares traded. The Interpublic Group of Companies, Inc. (NYSE:IPG) has risen 3.01% since February 22, 2017 and is uptrending. It has underperformed by 13.69% the S&P500.

Among 29 analysts covering Cummins (NYSE:CMI), 9 have Buy rating, 3 Sell and 17 Hold. Therefore 31% are positive. Cummins has $215.0 highest and $79 lowest target. $163.96’s average target is -2.41% below currents $168.01 stock price. Cummins had 100 analyst reports since July 22, 2015 according to SRatingsIntel. Bank of America upgraded Cummins Inc. (NYSE:CMI) on Friday, January 19 to “Buy” rating. Goldman Sachs upgraded the shares of CMI in report on Tuesday, October 11 to “Buy” rating. The rating was maintained by Melius Research with “Buy” on Thursday, November 16. Barclays Capital upgraded it to “Equal Weight” rating and $135 target in Monday, January 9 report. The stock of Cummins Inc. (NYSE:CMI) has “Buy” rating given on Monday, August 24 by Standpoint Research. On Thursday, July 14 the stock rating was downgraded by Standpoint Research to “Hold”. The stock has “Hold” rating by Piper Jaffray on Tuesday, October 31. The firm earned “Hold” rating on Tuesday, February 13 by William Blair. The firm has “Market Perform” rating by BMO Capital Markets given on Tuesday, October 6. The firm earned “Neutral” rating on Friday, May 13 by Citigroup.




The Interpublic Group of Companies, Inc. provides advertising and marketing services worldwide. The company has market cap of $9.42 billion. The firm operates through two divisions, Integrated Agency Networks and Constituency Management Group. It has a 16.6 P/E ratio. It offers consumer advertising, digital marketing, communications planning and media buying, public relations, and specialized communications disciplines.

Among 17 analysts covering Interpublic Group of Companies (NYSE:IPG), 9 have Buy rating, 1 Sell and 7 Hold. Therefore 53% are positive. Interpublic Group of Companies had 52 analyst reports since September 7, 2015 according to SRatingsIntel. The stock of The Interpublic Group of Companies, Inc. (NYSE:IPG) earned “Outperform” rating by Telsey Advisory Group on Wednesday, July 26. The stock of The Interpublic Group of Companies, Inc. (NYSE:IPG) earned “Buy” rating by BMO Capital Markets on Monday, September 11. The rating was maintained by RBC Capital Markets with “Hold” on Monday, August 28. The stock of The Interpublic Group of Companies, Inc. (NYSE:IPG) has “Hold” rating given on Thursday, January 18 by Wells Fargo. The firm has “Underweight” rating given on Thursday, July 27 by Atlantic Securities. The firm earned “Buy” rating on Monday, August 28 by Jefferies. The rating was maintained by RBC Capital Markets with “Buy” on Thursday, July 13. On Thursday, October 22 the stock rating was maintained by Telsey Advisory Group with “Outperform”. Credit Suisse maintained The Interpublic Group of Companies, Inc. (NYSE:IPG) rating on Wednesday, October 11. Credit Suisse has “Outperform” rating and $26 target. The firm has “Outperform” rating by FBR Capital given on Friday, September 11.

Investors sentiment increased to 1.19 in Q3 2017. Its up 0.19, from 1 in 2017Q2. It improved, as 58 investors sold The Interpublic Group of Companies, Inc. shares while 129 reduced holdings. 64 funds opened positions while 159 raised stakes. 382.86 million shares or 1.99% more from 375.40 million shares in 2017Q2 were reported. Brown Advisory holds 50,151 shares. Nelson Van Denburg & Campbell Wealth Grp Ltd accumulated 80 shares. Colorado-based Employees Retirement Association Of Colorado has invested 0.01% in The Interpublic Group of Companies, Inc. (NYSE:IPG). Bessemer Grp Inc Inc has 86,864 shares for 0.01% of their portfolio. Moreover, State Treasurer State Of Michigan has 0.02% invested in The Interpublic Group of Companies, Inc. (NYSE:IPG). State Of Alaska Department Of Revenue has invested 0.05% in The Interpublic Group of Companies, Inc. (NYSE:IPG). Alphamark Advsr Limited Liability Com reported 2,674 shares. Susquehanna Interest Grp Limited Liability Partnership reported 0% of its portfolio in The Interpublic Group of Companies, Inc. (NYSE:IPG). Voya Inv Management Ltd Liability Corporation holds 0.01% or 266,773 shares. Teachers Retirement Systems Of The State Of Kentucky holds 0.01% in The Interpublic Group of Companies, Inc. (NYSE:IPG) or 42,200 shares. Highlander Mngmt Lc owns 0.01% invested in The Interpublic Group of Companies, Inc. (NYSE:IPG) for 800 shares. Asset One Limited accumulated 0.03% or 665,629 shares. Sumitomo Mitsui Asset Mngmt Co Ltd has invested 0.01% in The Interpublic Group of Companies, Inc. (NYSE:IPG). Freestone Capital Hldg Limited Com holds 1.41% of its portfolio in The Interpublic Group of Companies, Inc. (NYSE:IPG) for 955,675 shares. Bb&T Secs Limited invested 0.01% of its portfolio in The Interpublic Group of Companies, Inc. (NYSE:IPG).

The stock increased 1.70% or $2.81 during the last trading session, reaching $168.01. About 562,176 shares traded. Cummins Inc. (NYSE:CMI) has risen 43.32% since February 22, 2017 and is uptrending. It has outperformed by 26.62% the S&P500.

Cummins Inc. designs, manufactures, distributes, and services diesel and natural gas engines, and engine-related component products worldwide. The company has market cap of $27.75 billion. It operates through Engine, Distribution, Components, and Power Systems divisions. It has a 28.14 P/E ratio. The Engine segment makes and markets a range of diesel and natural gas powered engines under the Cummins and other customer brand names for the heavy- and medium-duty truck, bus, recreational vehicle, light-duty automotive, construction, mining, marine, rail, gas and oil, defense, and agricultural markets.

Analysts await Cummins Inc. (NYSE:CMI) to report earnings on May, 1. They expect $2.86 earnings per share, up 21.19% or $0.50 from last year’s $2.36 per share. CMI’s profit will be $472.42M for 14.69 P/E if the $2.86 EPS becomes a reality. After $3.03 actual earnings per share reported by Cummins Inc. for the previous quarter, Wall Street now forecasts -5.61% negative EPS growth.

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