Citigroup Increases Omnicom Group (NYSE:OMC) Price Target to $115.00

Omnicom Group (NYSE:OMC) had its price target increased by equities researchers at Citigroup from $103.00 to $115.00 in a research note issued on Friday,Benzinga reports. The brokerage currently has a “buy” rating on the business services provider’s stock. Citigroup’s target price indicates a potential upside of 38.21% from the company’s previous close.

OMC has been the subject of a number of other research reports. Barclays upped 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. Weiss Ratings restated a “hold (c)” rating on shares of Omnicom Group in a research report on Thursday, January 22nd. Morgan Stanley initiated coverage on shares of Omnicom Group in a research report on Tuesday, December 16th. They issued an “equal weight” rating and a $88.00 price target on the stock. Bank of America reissued an “underperform” rating and set a $77.00 price objective (down previously from $87.00) on shares of Omnicom Group in a research note on Monday, January 5th. Finally, UBS Group upped their target price on shares of Omnicom Group from $99.00 to $108.00 and gave the company a “buy” rating in a research note on Friday, December 5th. Four equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Omnicom Group has a consensus rating of “Hold” and a consensus target price of $93.86.

Omnicom Group Trading Up 2.8%

OMC opened at $83.20 on Friday. The firm has a 50 day simple moving average of $77.10 and a 200 day simple moving average of $76.40. Omnicom Group has a fifty-two week low of $66.33 and a fifty-two week high of $89.27. The company has a market cap of $16.06 billion, a price-to-earnings ratio of 169.80, a price-to-earnings-growth ratio of 1.25 and a beta of 0.74. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.92 and a quick ratio of 0.80.

Omnicom Group (NYSE:OMC) last released its earnings results on Wednesday, February 18th. The business services provider reported $2.59 EPS for the quarter, missing analysts’ consensus estimates of $2.94 by ($0.35). The business had revenue of $5.53 billion for the quarter, compared to analyst estimates of $7.58 billion. Omnicom Group had a positive return on equity of 35.41% and a negative net margin of 0.32%.Omnicom Group’s revenue was up 27.9% on a year-over-year basis. During the same period in the prior year, the firm posted $2.41 EPS. On average, sell-side analysts anticipate that Omnicom Group will post 8.25 earnings per share for the current year.

Omnicom Group announced that its board has initiated a stock buyback plan on Wednesday, February 18th that permits the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization permits the business services provider to reacquire up to 38.1% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.

Institutional Investors Weigh In On Omnicom Group

Hedge funds and other institutional investors have recently bought and sold shares of the company. Activest Wealth Management boosted its position in Omnicom Group by 2,960.0% during the 4th quarter. Activest Wealth Management now owns 306 shares of the business services provider’s stock worth $25,000 after acquiring an additional 296 shares during the last quarter. Bayforest Capital Ltd acquired a new position in Omnicom Group during the fourth quarter worth $26,000. Elyxium Wealth LLC bought a new position in Omnicom Group in the fourth quarter valued at $26,000. Capital A Wealth Management LLC grew its position in Omnicom Group by 548.3% in the second quarter. Capital A Wealth Management LLC now owns 376 shares of the business services provider’s stock valued at $27,000 after purchasing an additional 318 shares in the last quarter. Finally, Cornerstone Planning Group LLC increased its stake in Omnicom Group by 2,126.7% in the 3rd quarter. Cornerstone Planning Group LLC now owns 334 shares of the business services provider’s stock valued at $27,000 after buying an additional 319 shares during the last quarter. Institutional investors and hedge funds own 91.97% of the company’s stock.

Key Stories Impacting Omnicom Group

Here are the key news stories impacting Omnicom Group this week:

• Positive Sentiment: Board-authorized $5.0 billion share repurchase program (includes a $2.5B accelerated repurchase) — large buyback signals management thinks shares are undervalued and directly reduces float, supporting the stock. Article Title
• Positive Sentiment: Quarterly dividend declared: $0.80 per share (record March 11; payable April 9), boosting yield and making OMC more attractive to income investors. Article Title
• Positive Sentiment: Analyst upgrade/target lift — Citi raised its price target to $115 and reaffirmed a Buy, implying meaningful upside versus recent levels and providing fresh analyst support. Article Title
• Positive Sentiment: Management highlighted post‑merger integration progress (raised cost‑synergy targets) and scheduled an Investor Day (March 12), which together suggest clearer visibility on cost savings and strategy that could boost margins long term. Article Title
• Positive Sentiment: Heavy institutional buying reported in recent filings — several large funds materially increased OMC positions during the quarter, which can support the stock and amplify a rally. Article Title
• Neutral Sentiment: Market context: rotation toward high‑yield, cash‑rich dividend payers is boosting demand for names like Omnicom, as covered in recent pieces on dividend-focused strategies. Article Title
• Negative Sentiment: Q4 results missed consensus on EPS ($2.59 vs. ~$2.94 est.) and headline net income was hurt by merger/one‑time costs — these reported misses and the accounting loss explain caution among some investors. Article Title

Omnicom Group Company Profile

Omnicom Group Inc (NYSE: OMC) is a global marketing and corporate communications holding company headquartered in New York City. Founded in 1986 through the merger of the BBDO, DDB and Needham Harper agencies, Omnicom has built a portfolio of leading brands and networks serving clients across diverse industries.

The company’s primary business activities encompass advertising, strategic media planning and buying, digital and interactive marketing, direct and promotional marketing, public relations, and customer relationship management.