WPP (NYSE:WPP) Rating Increased to Buy at StockNews.com

WPP (NYSE:WPP) was upgraded by StockNews.com from a “hold” rating to a “buy” rating in a note issued to investors on Monday.

Separately, Deutsche Bank Aktiengesellschaft downgraded shares of WPP from a “buy” rating to a “hold” rating in a report on Tuesday, August 8th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $966.80.

WPP Price Performance

NYSE WPP traded down $1.18 on Monday, reaching $46.76. The company had a trading volume of 163,042 shares, compared to its average volume of 95,111. The company has a current ratio of 0.88, a quick ratio of 0.85 and a debt-to-equity ratio of 1.07. The company’s fifty day moving average is $50.16 and its 200 day moving average is $53.51. WPP has a 52-week low of $39.67 and a 52-week high of $64.07.

Institutional Trading of WPP

Large investors have recently added to or reduced their stakes in the stock. Tower Research Capital LLC TRC raised its stake in WPP by 187.0% in the 3rd quarter. Tower Research Capital LLC TRC now owns 617 shares of the business services provider’s stock valued at $25,000 after acquiring an additional 402 shares during the period. Financial Management Professionals Inc. purchased a new stake in shares of WPP during the 1st quarter valued at approximately $28,000. Belpointe Asset Management LLC bought a new position in WPP in the 4th quarter worth approximately $30,000. CWM LLC grew its stake in WPP by 85.1% in the 2nd quarter. CWM LLC now owns 583 shares of the business services provider’s stock valued at $30,000 after buying an additional 268 shares in the last quarter. Finally, Zions Bancorporation N.A. raised its holdings in WPP by 78.8% during the 4th quarter. Zions Bancorporation N.A. now owns 642 shares of the business services provider’s stock valued at $32,000 after acquiring an additional 283 shares during the period. Hedge funds and other institutional investors own 4.34% of the company’s stock.

About WPP

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.