According to Zacks, “WPP operates in a highly competitive and fragmented communication services industry, which further reduces margins. The company is highly susceptible to concentration risks. In addition, significant international operations expose it to risk of fluctuation in foreign exchange rates, since most of its revenues come from countries other than the U.K. Macroeconomic slowdown and geopolitical issues also remains a concern as they have a direct impact on client spending. However, WPP outperformed the industry in the last three months. A geographically superior position in new markets and functional strength in new media and data investment management will likely help WPP in the impending quarters. Healthy inorganic growth momentum and steady dividend payment remain positives.”
Other equities research analysts have also recently issued reports about the stock. Jefferies Group LLC upgraded shares of WPP PLC from a hold rating to a buy rating in a research report on Thursday, December 8th. Pivotal Research upgraded shares of WPP PLC from a hold rating to a buy rating in a research report on Monday, October 31st. HSBC Holdings plc upgraded shares of WPP PLC from a hold rating to a buy rating in a research report on Tuesday, November 1st. Liberum Capital upgraded shares of WPP PLC from a hold rating to a buy rating in a research report on Friday, January 20th. Finally, Credit Suisse Group began coverage on shares of WPP PLC in a research report on Tuesday, November 22nd. They set an outperform rating for the company. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. WPP PLC has a consensus rating of Buy and an average target price of $133.00.
WPP PLC (NASDAQ:WPPGY) traded down 1.12% during trading on Tuesday, reaching $117.59. 34,605 shares of the company were exchanged. WPP PLC has a 1-year low of $96.94 and a 1-year high of $121.55. The stock has a market capitalization of $30.20 billion, a P/E ratio of 29.29 and a beta of 1.30. The company’s 50-day moving average price is $114.54 and its 200-day moving average price is $112.29.
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A number of hedge funds and other institutional investors have recently made changes to their positions in WPPGY. First Trust Advisors LP raised its position in shares of WPP PLC by 37.8% in the third quarter. First Trust Advisors LP now owns 170,472 shares of the company’s stock valued at $20,068,000 after buying an additional 46,758 shares during the period. Jane Street Group LLC bought a new position in shares of WPP PLC during the third quarter valued at $5,249,000. Duff & Phelps Investment Management Co. bought a new position in shares of WPP PLC during the third quarter valued at $3,655,000. Renaissance Technologies LLC raised its position in shares of WPP PLC by 63.3% in the fourth quarter. Renaissance Technologies LLC now owns 74,329 shares of the company’s stock valued at $8,225,000 after buying an additional 28,800 shares during the period. Finally, Sei Investments Co. raised its position in shares of WPP PLC by 1,924.0% in the third quarter. Sei Investments Co. now owns 12,043 shares of the company’s stock valued at $1,418,000 after buying an additional 11,448 shares during the period. 4.13% of the stock is owned by institutional investors.
About WPP PLC
WPP PLC is a parent company that, through its subsidiaries, is engaged in the provision of communications and marketing services worldwide. The Company has four segments: Advertising and Media Investment Management; Consumer Insight (formerly Information, Insight & Consultancy); Public Relations & Public Affairs, and Branding & Identity, Healthcare and Specialist Communications, which includes WPP Digital and direct, digital, promotional and relationship marketing.
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