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

Shares of Omnicom Group Inc. (NYSE:OMC) have earned a consensus rating of “Moderate Buy” from the nine analysts that are presently covering the stock, Marketbeat reports. Four analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $96.2857.

A number of brokerages recently weighed in on OMC. Bank of America upgraded shares of Omnicom Group from an “underperform” rating to a “neutral” rating and set a $80.00 price objective on the stock in a research report on Monday, June 23rd. JPMorgan Chase & Co. lowered their price objective on shares of Omnicom Group from $104.00 to $96.00 and set an “overweight” rating on the stock in a research report on Thursday, July 10th. Wells Fargo & Company raised shares of Omnicom Group from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $78.00 to $91.00 in a report on Tuesday, September 23rd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Omnicom Group in a report on Wednesday. Finally, Barclays cut shares of Omnicom Group from an “overweight” rating to an “equal weight” rating and reduced their target price for the company from $105.00 to $80.00 in a report on Wednesday, June 25th.

Omnicom Group Stock Down 0.0%

Shares of Omnicom Group stock opened at $79.73 on Thursday. The company has a market cap of $15.45 billion, a price-to-earnings ratio of 11.44, a price-to-earnings-growth ratio of 1.56 and a beta of 0.96. The company’s 50 day moving average is $76.66 and its 200 day moving average is $75.06. Omnicom Group has a twelve month low of $68.37 and a twelve month high of $107.00. The company has a quick ratio of 0.80, a current ratio of 0.92 and a debt-to-equity ratio of 0.97.

Omnicom Group (NYSE:OMC) last issued its quarterly earnings data on Tuesday, July 15th. The business services provider reported $2.05 earnings per share for the quarter, beating analysts’ consensus estimates of $2.02 by $0.03. The company had revenue of $4.02 billion for the quarter, compared to the consensus estimate of $3.95 billion. Omnicom Group had a net margin of 8.67% and a return on equity of 33.62%. The firm’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.95 earnings per share. Research analysts anticipate that Omnicom Group will post 8.25 EPS for the current year.

Omnicom Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 10th. Shareholders of record on Tuesday, September 2nd will be issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date of this dividend is Tuesday, September 2nd. Omnicom Group’s dividend payout ratio is currently 40.17%.

Institutional Trading of Omnicom Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in OMC. J2 Capital Management Inc purchased a new stake in shares of Omnicom Group in the second quarter worth $383,000. Golden State Wealth Management LLC increased its stake in shares of Omnicom Group by 230.2% in the first quarter. Golden State Wealth Management LLC now owns 492 shares of the business services provider’s stock worth $41,000 after purchasing an additional 343 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in shares of Omnicom Group by 42.7% in the first quarter. Goldman Sachs Group Inc. now owns 2,965,974 shares of the business services provider’s stock worth $245,909,000 after purchasing an additional 887,415 shares in the last quarter. Fifth Third Bancorp increased its stake in shares of Omnicom Group by 13.9% in the first quarter. Fifth Third Bancorp now owns 7,459 shares of the business services provider’s stock worth $618,000 after purchasing an additional 913 shares in the last quarter. Finally, Oppenheimer & Co. Inc. purchased a new stake in shares of Omnicom Group in the first quarter worth $1,357,000. 91.97% of the stock is owned by hedge funds and other institutional investors.

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.