Omnicom Group (NYSE:OMC) PT Raised to $121.00

Omnicom Group (NYSE:OMC) had its price objective hoisted by analysts at Barclays from $110.00 to $121.00 in a research report issued on Thursday, Benzinga reports. The firm currently has an “overweight” rating on the business services provider’s stock. Barclays‘s price objective would suggest a potential upside of 15.81% from the company’s current price.

Several other analysts have also recently weighed in on the company. Bank of America lifted their price objective on Omnicom Group from $87.00 to $89.00 and gave the company an “underperform” rating in a research report on Thursday, September 5th. UBS Group raised their target price on Omnicom Group from $120.00 to $124.00 and gave the company a “buy” rating in a research note on Wednesday. JPMorgan Chase & Co. upped their price target on Omnicom Group from $118.00 to $119.00 and gave the stock an “overweight” rating in a research note on Wednesday. Macquarie raised their price objective on Omnicom Group from $110.00 to $120.00 and gave the company an “outperform” rating in a research report on Wednesday. Finally, Wells Fargo & Company cut shares of Omnicom Group from an “overweight” rating to an “equal weight” rating and boosted their target price for the company from $106.00 to $110.00 in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $110.30.

Omnicom Group Stock Performance

Shares of OMC stock opened at $104.48 on Thursday. The firm has a market capitalization of $20.46 billion, a price-to-earnings ratio of 14.12, a PEG ratio of 2.39 and a beta of 0.94. The stock has a fifty day moving average of $100.30 and a 200 day moving average of $95.27. Omnicom Group has a 52 week low of $73.28 and a 52 week high of $106.51. The company has a quick ratio of 0.81, a current ratio of 0.93 and a debt-to-equity ratio of 1.31.

Omnicom Group (NYSE:OMC) last issued its quarterly earnings data on Tuesday, October 15th. The business services provider reported $2.03 EPS for the quarter, topping the consensus estimate of $2.02 by $0.01. The business had revenue of $3.88 billion during the quarter, compared to analyst estimates of $3.79 billion. Omnicom Group had a net margin of 9.55% and a return on equity of 37.51%. During the same period in the prior year, the business earned $1.86 EPS. As a group, research analysts expect that Omnicom Group will post 7.88 earnings per share for the current year.

Insider Transactions at Omnicom Group

In related news, VP Rochelle M. Tarlowe sold 3,000 shares of the stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $99.17, for a total transaction of $297,510.00. Following the sale, the vice president now directly owns 15,375 shares of the company’s stock, valued at approximately $1,524,738.75. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.30% of the stock is owned by insiders.

Hedge Funds Weigh In On Omnicom Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Davis Capital Management purchased a new position in shares of Omnicom Group in the third quarter worth $36,000. Innealta Capital LLC bought a new stake in Omnicom Group in the 2nd quarter worth about $33,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Omnicom Group in the 2nd quarter worth about $33,000. Northwest Investment Counselors LLC purchased a new position in Omnicom Group in the 1st quarter worth about $50,000. Finally, Richardson Financial Services Inc. lifted its stake in Omnicom Group by 66.3% during the 2nd quarter. Richardson Financial Services Inc. now owns 562 shares of the business services provider’s stock valued at $50,000 after acquiring an additional 224 shares during the period. 91.97% of the stock is owned by 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.