Omnicom Group Inc. (NYSE:OMC) Given Consensus Rating of “Moderate Buy” by Brokerages

Omnicom Group Inc. (NYSE:OMC) has earned an average rating of “Moderate Buy” from the nine analysts that are presently covering the firm, Marketbeat.com reports. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $96.5714.

Several brokerages have recently issued reports on OMC. Weiss Ratings restated a “hold (c)” rating on shares of Omnicom Group in a report on Wednesday, October 8th. Wells Fargo & Company upgraded 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. Barclays upped their target price on shares of Omnicom Group from $80.00 to $82.00 and gave the company an “equal weight” rating in a report on Thursday, October 23rd. Finally, JPMorgan Chase & Co. lowered their target price on shares of Omnicom Group from $104.00 to $96.00 and set an “overweight” rating for the company in a report on Thursday, July 10th.

Institutional Trading of Omnicom Group

Several institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Personalized Indexing Management LLC raised its position in Omnicom Group by 1.5% in the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 31,856 shares of the business services provider’s stock valued at $2,598,000 after purchasing an additional 479 shares during the last quarter. AEGON ASSET MANAGEMENT UK Plc raised its position in Omnicom Group by 25.2% in the 3rd quarter. AEGON ASSET MANAGEMENT UK Plc now owns 358,713 shares of the business services provider’s stock valued at $29,249,000 after purchasing an additional 72,227 shares during the last quarter. Monte Financial Group LLC raised its position in Omnicom Group by 16.9% in the 3rd quarter. Monte Financial Group LLC now owns 77,868 shares of the business services provider’s stock valued at $6,349,000 after purchasing an additional 11,254 shares during the last quarter. LBP AM SA raised its position in Omnicom Group by 9.9% in the 3rd quarter. LBP AM SA now owns 120,477 shares of the business services provider’s stock valued at $9,822,000 after purchasing an additional 10,819 shares during the last quarter. Finally, Commerzbank Aktiengesellschaft FI raised its position in Omnicom Group by 64.2% in the 3rd quarter. Commerzbank Aktiengesellschaft FI now owns 54,369 shares of the business services provider’s stock valued at $4,433,000 after purchasing an additional 21,265 shares during the last quarter. Hedge funds and other institutional investors own 91.97% of the company’s stock.

Omnicom Group Trading Down 0.1%

NYSE OMC opened at $74.95 on Monday. The company has a quick ratio of 0.80, a current ratio of 0.92 and a debt-to-equity ratio of 0.95. Omnicom Group has a 52 week low of $68.37 and a 52 week high of $107.00. The stock has a market capitalization of $14.46 billion, a PE ratio of 11.07, a price-to-earnings-growth ratio of 1.43 and a beta of 0.96. The firm has a 50 day moving average of $77.71 and a two-hundred day moving average of $75.17.

Omnicom Group (NYSE:OMC) last issued its earnings results on Tuesday, October 21st. The business services provider reported $2.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.17 by $0.07. Omnicom Group had a net margin of 8.31% and a return on equity of 33.30%. The business had revenue of $4.04 billion during the quarter, compared to analysts’ expectations of $4.02 billion. During the same quarter in the prior year, the business posted $2.03 EPS. The company’s revenue for the quarter was up 4.0% on a year-over-year basis. As a group, research analysts expect that Omnicom Group will post 8.25 EPS for the current fiscal year.

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.