WPP (NYSE:WPP) Stock Rating Lowered by StockNews.com

WPP (NYSE:WPP – Get Free Report) was downgraded by equities researchers at StockNews.com from a “buy” rating to a “hold” rating in a report released on Thursday.

Separately, Deutsche Bank Aktiengesellschaft lowered shares of WPP from a “buy” rating to a “hold” rating in a report on Tuesday. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, WPP has a consensus rating of “Moderate Buy” and a consensus price target of $964.00.

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WPP Stock Performance

Shares of NYSE WPP opened at $49.43 on Thursday. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.91. WPP has a 12 month low of $39.67 and a 12 month high of $64.07. The company has a 50 day simple moving average of $53.31 and a two-hundred day simple moving average of $55.66. The stock has a market cap of $10.63 billion, a price-to-earnings ratio of 7.27, a PEG ratio of 3.67 and a beta of 1.35.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Brandes Investment Partners LP grew its holdings in shares of WPP by 2,330.9% during the 1st quarter. Brandes Investment Partners LP now owns 349,753 shares of the business services provider’s stock worth $20,817,000 after purchasing an additional 335,365 shares during the period. Bank of Montreal Can purchased a new stake in shares of WPP during the 2nd quarter worth about $5,455,000. Price T Rowe Associates Inc. MD purchased a new stake in shares of WPP during the 3rd quarter worth about $2,866,000. Leuthold Group LLC acquired a new position in WPP during the 2nd quarter worth approximately $3,459,000. Finally, Gilman Hill Asset Management LLC acquired a new position in WPP during the 2nd quarter worth approximately $3,000,000. Institutional investors and hedge funds own 4.10% of the company’s stock.

WPP Company Profile

(Get Free Report)

WPP plc, a creative transformation company, provides communications, experience, commerce, and technology services in North America, the United Kingdom, Western Continental Europe, the Asia Pacific, Latin America, Africa, the Middle East, and Central and Eastern Europe. The company operates through three segments: Global Integrated Agencies, Public Relations, and Specialist Agencies.

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