Omnicom Group Inc. (NYSE:OMC) Receives $108.25 Average Price Target from Analysts

Shares of Omnicom Group Inc. (NYSE:OMC) have been given a consensus rating of “Hold” by the nine research firms that are presently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $108.25.

A number of research analysts have recently commented on the stock. Argus cut shares of Omnicom Group from a “buy” rating to a “hold” rating in a report on Friday, February 14th. Macquarie reiterated an “outperform” rating and set a $120.00 target price on shares of Omnicom Group in a report on Wednesday, December 11th. Barclays dropped their target price on shares of Omnicom Group from $121.00 to $110.00 and set an “overweight” rating on the stock in a report on Friday, January 24th. JPMorgan Chase & Co. dropped their target price on shares of Omnicom Group from $119.00 to $116.00 and set an “overweight” rating on the stock in a report on Monday, January 27th. Finally, Wells Fargo & Company dropped their target price on shares of Omnicom Group from $110.00 to $99.00 and set an “equal weight” rating on the stock in a report on Tuesday, December 10th.

Omnicom Group Trading Up 0.1 %

NYSE OMC opened at $80.82 on Wednesday. The company’s 50-day moving average price is $84.63 and its 200-day moving average price is $94.62. The company has a current ratio of 1.00, a quick ratio of 0.90 and a debt-to-equity ratio of 1.27. The stock has a market cap of $15.88 billion, a PE ratio of 10.85, a PEG ratio of 1.94 and a beta of 0.97. Omnicom Group has a 12 month low of $79.57 and a 12 month high of $107.00.

Omnicom Group (NYSE:OMC) last posted its quarterly earnings results on Tuesday, February 4th. The business services provider reported $2.41 EPS for the quarter, topping analysts’ consensus estimates of $2.38 by $0.03. Omnicom Group had a net margin of 9.44% and a return on equity of 36.39%. During the same period in the previous year, the firm earned $2.20 EPS. Equities research analysts forecast that Omnicom Group will post 8.25 earnings per share for the current year.

Omnicom Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Tuesday, March 11th will be issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.46%. The ex-dividend date of this dividend is Tuesday, March 11th. Omnicom Group’s dividend payout ratio is currently 37.58%.

Institutional Trading of Omnicom Group

A number of institutional investors have recently modified their holdings of the company. Integrated Advisors Network LLC boosted its holdings in shares of Omnicom Group by 3.8% in the 3rd quarter. Integrated Advisors Network LLC now owns 2,698 shares of the business services provider’s stock valued at $279,000 after buying an additional 100 shares in the last quarter. Farther Finance Advisors LLC raised its position in shares of Omnicom Group by 2.1% in the 3rd quarter. Farther Finance Advisors LLC now owns 4,970 shares of the business services provider’s stock valued at $514,000 after purchasing an additional 102 shares during the last quarter. Summit Trail Advisors LLC raised its position in shares of Omnicom Group by 1.8% in the 3rd quarter. Summit Trail Advisors LLC now owns 6,561 shares of the business services provider’s stock valued at $683,000 after purchasing an additional 113 shares during the last quarter. Metis Global Partners LLC raised its position in shares of Omnicom Group by 1.9% in the 3rd quarter. Metis Global Partners LLC now owns 6,302 shares of the business services provider’s stock valued at $652,000 after purchasing an additional 120 shares during the last quarter. Finally, Gold Investment Management Ltd. raised its position in shares of Omnicom Group by 1.1% in the 3rd quarter. Gold Investment Management Ltd. now owns 11,223 shares of the business services provider’s stock valued at $1,159,000 after purchasing an additional 127 shares during the last quarter. 91.97% of the stock is currently owned by 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.