Omnicom Group Inc. (NYSE:OMC) Receives Average Rating of “Moderate Buy” from Brokerages

Omnicom Group Inc. (NYSE:OMC) has been given a consensus rating of “Moderate Buy” by the eight ratings firms that are presently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $102.00.

Several brokerages have recently issued reports on OMC. Citigroup reissued a “buy” rating and set a $103.00 price target on shares of Omnicom Group in a report on Tuesday. Wells Fargo & Company cut their price objective on Omnicom Group from $99.00 to $84.00 and set an “equal weight” rating for the company in a report on Wednesday. Argus cut Omnicom Group from a “buy” rating to a “hold” rating in a report on Friday, February 14th. JPMorgan Chase & Co. decreased their target price on shares of Omnicom Group from $116.00 to $104.00 and set an “overweight” rating for the company in a report on Wednesday. Finally, UBS Group cut their target price on shares of Omnicom Group from $117.00 to $104.00 and set a “buy” rating on the stock in a research note on Thursday, March 20th.

Omnicom Group Stock Performance

Shares of OMC stock opened at $71.35 on Thursday. The stock has a market capitalization of $14.02 billion, a price-to-earnings ratio of 9.58, a PEG ratio of 1.94 and a beta of 0.87. Omnicom Group has a one year low of $69.13 and a one year high of $107.00. The company’s 50-day simple moving average is $79.94 and its 200-day simple moving average is $89.89. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.90 and a current ratio of 1.00.

Omnicom Group (NYSE:OMC) last posted its quarterly earnings results on Tuesday, April 15th. The business services provider reported $1.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.63 by $0.07. Omnicom Group had a return on equity of 36.39% and a net margin of 9.44%. The business had revenue of $3.69 billion for the quarter, compared to analyst estimates of $3.73 billion. Equities analysts anticipate that Omnicom Group will post 8.25 earnings per share for the current fiscal year.

Omnicom Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 9th. Investors of record on Tuesday, March 11th were given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 3.92%. The ex-dividend date was Tuesday, March 11th. Omnicom Group’s dividend payout ratio (DPR) is currently 37.58%.

Institutional Investors Weigh In On Omnicom Group

Several hedge funds have recently made changes to their positions in the stock. Barclays PLC increased its position in shares of Omnicom Group by 1.7% during the third quarter. Barclays PLC now owns 819,613 shares of the business services provider’s stock valued at $84,741,000 after purchasing an additional 13,637 shares during the period. Virtu Financial LLC bought a new stake in Omnicom Group in the 3rd quarter valued at $498,000. Sanctuary Advisors LLC raised its stake in shares of Omnicom Group by 33.7% in the 3rd quarter. Sanctuary Advisors LLC now owns 17,551 shares of the business services provider’s stock valued at $1,797,000 after buying an additional 4,423 shares in the last quarter. World Investment Advisors LLC lifted its holdings in shares of Omnicom Group by 209.7% during the 3rd quarter. World Investment Advisors LLC now owns 26,311 shares of the business services provider’s stock worth $2,720,000 after acquiring an additional 17,815 shares during the period. Finally, Arvest Bank Trust Division acquired a new stake in shares of Omnicom Group during the 3rd quarter valued at about $21,191,000. Institutional investors own 91.97% of the company’s stock.

Omnicom Group Company Profile

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.