Analysts Set Omnicom Group Inc. (NYSE:OMC) Target Price at $87.90

Shares of Omnicom Group Inc. (NYSE:OMCGet Rating) have earned a consensus recommendation of “Hold” from the eleven research firms that are presently covering the firm, MarketBeat Ratings reports. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $87.90.

OMC has been the topic of a number of recent research reports. Macquarie increased their target price on Omnicom Group from $85.00 to $98.00 and gave the stock an “outperform” rating in a research note on Thursday, February 10th. Morgan Stanley increased their target price on Omnicom Group from $78.00 to $84.00 and gave the stock an “underweight” rating in a research note on Thursday, February 10th. Wolfe Research increased their target price on Omnicom Group from $81.00 to $85.00 and gave the stock a “peer perform” rating in a research note on Wednesday, February 9th. Argus upgraded Omnicom Group from a “hold” rating to a “buy” rating and set a $95.00 target price on the stock in a research note on Friday, March 18th. Finally, Barclays lowered Omnicom Group from an “overweight” rating to an “equal weight” rating and lowered their target price for the stock from $103.00 to $90.00 in a research note on Monday, March 14th.

In other Omnicom Group news, VP Rochelle M. Tarlowe sold 1,500 shares of Omnicom Group stock in a transaction dated Tuesday, February 15th. The stock was sold at an average price of $85.86, for a total transaction of $128,790.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CAO Andrew Castellaneta sold 5,000 shares of Omnicom Group stock in a transaction dated Friday, February 11th. The stock was sold at an average price of $85.47, for a total value of $427,350.00. The disclosure for this sale can be found here. Company insiders own 1.30% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. IFM Investors Pty Ltd lifted its holdings in Omnicom Group by 18.8% during the 1st quarter. IFM Investors Pty Ltd now owns 34,382 shares of the business services provider’s stock worth $2,918,000 after buying an additional 5,446 shares during the period. Ritholtz Wealth Management increased its position in Omnicom Group by 29.2% in the 1st quarter. Ritholtz Wealth Management now owns 8,954 shares of the business services provider’s stock valued at $760,000 after buying an additional 2,025 shares in the last quarter. Cabot Wealth Management Inc. increased its position in Omnicom Group by 1.1% in the 1st quarter. Cabot Wealth Management Inc. now owns 185,594 shares of the business services provider’s stock valued at $15,753,000 after buying an additional 1,972 shares in the last quarter. Independence Bank of Kentucky bought a new stake in Omnicom Group in the 1st quarter valued at about $37,000. Finally, Rosenberg Matthew Hamilton increased its position in Omnicom Group by 147.8% in the 1st quarter. Rosenberg Matthew Hamilton now owns 1,239 shares of the business services provider’s stock valued at $105,000 after buying an additional 739 shares in the last quarter. 91.35% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE OMC opened at $78.69 on Wednesday. The stock has a 50 day moving average price of $82.22 and a 200 day moving average price of $76.00. Omnicom Group has a 52 week low of $65.76 and a 52 week high of $91.61. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.91 and a current ratio of 0.98. The stock has a market capitalization of $16.28 billion, a PE ratio of 12.05, a price-to-earnings-growth ratio of 2.27 and a beta of 0.75.

Omnicom Group (NYSE:OMCGet Rating) last issued its quarterly earnings results on Tuesday, February 8th. The business services provider reported $1.95 EPS for the quarter, beating the consensus estimate of $1.72 by $0.23. Omnicom Group had a return on equity of 36.60% and a net margin of 9.85%. The firm had revenue of $3.86 billion during the quarter, compared to analysts’ expectations of $3.67 billion. During the same period in the prior year, the firm posted $1.90 earnings per share. The business’s quarterly revenue was up 2.6% compared to the same quarter last year. As a group, research analysts forecast that Omnicom Group will post 6.66 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 8th. Investors of record on Thursday, March 10th were issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 3.56%. The ex-dividend date was Wednesday, March 9th. Omnicom Group’s dividend payout ratio (DPR) is 42.88%.

About Omnicom Group (Get Rating)

Omnicom Group Inc, together with its subsidiaries, provides advertising, marketing, and corporate communications services. It provides a range of services in the areas of advertising, customer relationship management, public relations, and healthcare. The company's services include advertising, branding, content marketing, corporate social responsibility consulting, crisis communications, custom publishing, data analytics, database management, digital/direct marketing, digital transformation, entertainment marketing, experiential marketing, field marketing, financial/corporate business-to-business advertising, graphic arts/digital imaging, healthcare marketing and communications, and in-store design services.

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