UBS Group Raises Omnicom Group (NYSE:OMC) Price Target to $114.00

Omnicom Group (NYSE:OMC) had its price objective hoisted by analysts at UBS Group from $108.00 to $114.00 in a report issued on Friday,Benzinga reports. The brokerage currently has a “buy” rating on the business services provider’s stock. UBS Group’s price target would indicate a potential upside of 52.00% from the company’s previous close.

Other equities analysts also recently issued reports about the company. Bank of America restated an “underperform” rating and issued a $77.00 price objective (down from $87.00) on shares of Omnicom Group in a report on Monday, January 5th. Weiss Ratings reissued a “hold (c)” rating on shares of Omnicom Group in a research report on Thursday, January 22nd. Morgan Stanley began coverage on shares of Omnicom Group in a report on Tuesday, December 16th. They issued an “equal weight” rating and a $88.00 price target on the stock. Citigroup lifted their price target on shares of Omnicom Group from $103.00 to $115.00 and gave the company a “buy” rating in a research report on Friday, February 20th. Finally, Barclays boosted their price objective on shares of Omnicom Group from $82.00 to $90.00 and gave the stock an “equal weight” rating in a research note on Monday, February 23rd. Four investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $95.86.

Omnicom Group Trading Down 1.1%

OMC stock opened at $75.00 on Friday. The company has a quick ratio of 0.81, a current ratio of 0.93 and a debt-to-equity ratio of 0.60. The company has a market cap of $23.28 billion, a price-to-earnings ratio of 153.07, a PEG ratio of 0.62 and a beta of 0.71. The business has a fifty day simple moving average of $77.57 and a 200-day simple moving average of $77.07. Omnicom Group has a 52 week low of $66.33 and a 52 week high of $87.17.

Omnicom Group (NYSE:OMC) last issued its earnings results on Wednesday, February 18th. The business services provider reported $2.59 earnings per share for the quarter, missing analysts’ consensus estimates of $2.94 by ($0.35). Omnicom Group had a negative net margin of 0.32% and a positive return on equity of 25.65%. The firm had revenue of $5.53 billion during the quarter, compared to analyst estimates of $7.58 billion. During the same quarter in the previous year, the business posted $2.41 EPS. Omnicom Group’s revenue was up 27.9% compared to the same quarter last year. On average, equities research analysts expect that Omnicom Group will post 8.25 EPS for the current year.

Omnicom Group announced that its Board of Directors has initiated a stock buyback plan on Wednesday, February 18th that permits the company to repurchase $5.00 billion in 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 usually a sign that the company’s leadership believes its shares are undervalued.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Activest Wealth Management lifted its holdings in Omnicom Group by 2,960.0% in the 4th quarter. Activest Wealth Management now owns 306 shares of the business services provider’s stock worth $25,000 after buying an additional 296 shares in the last quarter. Bayforest Capital Ltd acquired a new stake in shares of Omnicom Group during the fourth quarter valued at about $26,000. Elyxium Wealth LLC acquired a new stake in shares of Omnicom Group during the fourth quarter valued at about $26,000. Capital A Wealth Management LLC increased its position in shares of Omnicom Group by 548.3% during the second quarter. Capital A Wealth Management LLC now owns 376 shares of the business services provider’s stock worth $27,000 after acquiring an additional 318 shares during the last quarter. Finally, Cornerstone Planning Group LLC lifted its stake in shares of Omnicom Group by 2,126.7% in the third quarter. Cornerstone Planning Group LLC now owns 334 shares of the business services provider’s stock worth $27,000 after acquiring an additional 319 shares in the last quarter. 91.97% of the stock is currently owned by hedge funds and other institutional investors.

About Omnicom Group

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.