Omnicom Group (NYSE:OMC) Stock Price Expected to Rise, UBS Group Analyst Says

Omnicom Group (NYSE:OMC) had its price target upped by investment analysts at UBS Group from $99.00 to $108.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage presently has a “buy” rating on the business services provider’s stock. UBS Group’s price objective indicates a potential upside of 46.99% from the stock’s current price.

A number of other research firms have also recently commented on OMC. Wells Fargo & Company upgraded Omnicom Group from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $78.00 to $91.00 in a research report on Tuesday, September 23rd. Weiss Ratings reiterated a “hold (c)” rating on shares of Omnicom Group in a research report on Wednesday, October 8th. Finally, Barclays raised their price objective on Omnicom Group from $80.00 to $82.00 and gave the company an “equal weight” rating in a report on Thursday, October 23rd. Five analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $97.14.

Omnicom Group Price Performance

NYSE:OMC opened at $73.48 on Friday. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.92 and a quick ratio of 0.80. The firm has a market cap of $14.18 billion, a price-to-earnings ratio of 10.85, a price-to-earnings-growth ratio of 1.17 and a beta of 0.75. The company has a 50 day moving average price of $75.44 and a 200-day moving average price of $74.68. Omnicom Group has a 1-year low of $68.37 and a 1-year high of $104.03.

Omnicom Group (NYSE:OMC) last announced its quarterly earnings results on Tuesday, October 21st. The business services provider reported $2.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.17 by $0.07. The firm had revenue of $4.04 billion for the quarter, compared to the consensus estimate of $4.02 billion. Omnicom Group had a net margin of 8.31% and a return on equity of 33.30%. The firm’s quarterly revenue was up 4.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.03 earnings per share. Equities research analysts forecast that Omnicom Group will post 8.25 EPS for the current year.

Institutional Trading of Omnicom Group

Several large investors have recently made changes to their positions in the company. Asset Management One Co. Ltd. lifted its position in Omnicom Group by 3.5% during the second quarter. Asset Management One Co. Ltd. now owns 84,329 shares of the business services provider’s stock worth $6,067,000 after buying an additional 2,855 shares in the last quarter. Defender Capital LLC. acquired a new stake in shares of Omnicom Group in the 2nd quarter worth $360,000. Vanguard Group Inc. raised its holdings in shares of Omnicom Group by 1.5% during the 2nd quarter. Vanguard Group Inc. now owns 23,811,406 shares of the business services provider’s stock worth $1,712,993,000 after acquiring an additional 344,652 shares during the period. J2 Capital Management Inc acquired a new position in shares of Omnicom Group during the 2nd quarter valued at about $383,000. Finally, Goldman Sachs Group Inc. grew its holdings 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 valued at $245,909,000 after purchasing an additional 887,415 shares during the period. 91.97% of the stock is currently owned by hedge funds and other institutional investors.

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.