Omnicom Group (NYSE:OMC) Price Target Raised to $108.00

Omnicom Group (NYSE:OMC) had its price target raised by investment analysts at JPMorgan Chase & Co. from $104.00 to $108.00 in a research report issued on Wednesday, Benzinga reports. The brokerage presently has an “overweight” rating on the business services provider’s stock. JPMorgan Chase & Co.‘s price objective would suggest a potential upside of 18.07% from the company’s current price.

A number of other research firms also recently issued reports on OMC. Barclays increased their price objective on Omnicom Group from $95.00 to $100.00 and gave the stock an “equal weight” rating in a report on Monday, January 29th. StockNews.com raised Omnicom Group from a “hold” rating to a “buy” rating in a research report on Thursday, April 4th. Macquarie increased their price target on Omnicom Group from $100.00 to $110.00 and gave the company an “outperform” rating in a research report on Tuesday, April 2nd. BNP Paribas raised Omnicom Group from a “neutral” rating to an “outperform” rating and set a $115.00 price target for the company in a research report on Thursday, March 28th. Finally, Wells Fargo & Company raised Omnicom Group from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $91.00 to $106.00 in a research report on Wednesday. One analyst has rated the stock with a sell rating, two have issued a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $103.40.

Omnicom Group Stock Down 1.1 %

NYSE:OMC opened at $91.48 on Wednesday. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.86 and a current ratio of 0.95. The company has a market cap of $18.04 billion, a PE ratio of 12.36, a PEG ratio of 2.18 and a beta of 0.97. Omnicom Group has a 52-week low of $72.20 and a 52-week high of $99.23. The stock has a 50-day simple moving average of $91.35 and a 200 day simple moving average of $85.18.

Omnicom Group (NYSE:OMC) last posted its quarterly earnings data on Monday, February 5th. The business services provider reported $2.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.16 by $0.04. The business had revenue of $4.06 billion during the quarter, compared to the consensus estimate of $4 billion. Omnicom Group had a return on equity of 38.83% and a net margin of 9.96%. Omnicom Group’s quarterly revenue was up 5.0% on a year-over-year basis. During the same period last year, the company earned $2.09 earnings per share. On average, sell-side analysts expect that Omnicom Group will post 7.73 EPS for the current fiscal year.

Insider Activity

In other news, Director Linda Johnson Rice sold 507 shares of the firm’s stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $86.66, for a total value of $43,936.62. Following the completion of the sale, the director now directly owns 9,753 shares of the company’s stock, valued at $845,194.98. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 1.30% of the company’s stock.

Institutional Trading of Omnicom Group

Hedge funds have recently made changes to their positions in the business. OFI Invest Asset Management acquired a new stake in Omnicom Group during the 3rd quarter worth approximately $25,000. HHM Wealth Advisors LLC acquired a new stake in Omnicom Group during the 4th quarter worth approximately $26,000. Frazier Financial Advisors LLC acquired a new stake in Omnicom Group during the 4th quarter worth approximately $26,000. Pinnacle Bancorp Inc. lifted its holdings in Omnicom Group by 61.6% during the 4th quarter. Pinnacle Bancorp Inc. now owns 328 shares of the business services provider’s stock worth $28,000 after purchasing an additional 125 shares during the last quarter. Finally, Richardson Financial Services Inc. acquired a new stake in Omnicom Group during the 4th quarter worth approximately $29,000. 91.97% of the stock is owned by institutional investors and hedge funds.

About Omnicom Group

Omnicom Group Inc, together with its subsidiaries, offers advertising, marketing, and corporate communications services. It provides a range of services in the areas of advertising and media, precision marketing, commerce and branding, experiential, execution and support, public relations, and healthcare.