Barclays Issues Pessimistic Forecast for Omnicom Group (NYSE:OMC) Stock Price

Omnicom Group (NYSE:OMC) had its price objective decreased by equities research analysts at Barclays from $121.00 to $110.00 in a report released on Friday,Benzinga reports. The firm currently has an “overweight” rating on the business services provider’s stock. Barclays‘s target price would indicate a potential upside of 27.02% from the company’s current price.

Several other equities research analysts have also recently weighed in on OMC. JPMorgan Chase & Co. boosted their target price on Omnicom Group from $118.00 to $119.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 16th. Macquarie restated an “outperform” rating and issued a $120.00 target price on shares of Omnicom Group in a report on Wednesday, December 11th. UBS Group increased their target price on shares of Omnicom Group from $120.00 to $124.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. Finally, Wells Fargo & Company reduced their price target on shares of Omnicom Group from $110.00 to $99.00 and set an “equal weight” rating for the company in a research report on Tuesday, December 10th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, Omnicom Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $108.63.

Omnicom Group Stock Performance

NYSE:OMC opened at $86.60 on Friday. Omnicom Group has a 12 month low of $81.42 and a 12 month high of $107.00. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.98 and a quick ratio of 0.86. The firm has a market capitalization of $16.90 billion, a PE ratio of 11.83, a price-to-earnings-growth ratio of 1.88 and a beta of 0.98. The business’s fifty day moving average price is $91.65 and its 200 day moving average price is $96.37.

Institutional Investors Weigh In On Omnicom Group

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Columbus Macro LLC increased its position in Omnicom Group by 52.7% in the 4th quarter. Columbus Macro LLC now owns 23,919 shares of the business services provider’s stock valued at $2,058,000 after acquiring an additional 8,260 shares during the period. Tokio Marine Asset Management Co. Ltd. increased its holdings in shares of Omnicom Group by 29.1% in the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 6,381 shares of the business services provider’s stock valued at $549,000 after purchasing an additional 1,437 shares during the period. SeaBridge Investment Advisors LLC purchased a new stake in shares of Omnicom Group during the fourth quarter worth approximately $219,000. BTC Capital Management Inc. lifted its holdings in shares of Omnicom Group by 4.7% during the fourth quarter. BTC Capital Management Inc. now owns 54,248 shares of the business services provider’s stock worth $4,651,000 after purchasing an additional 2,424 shares during the period. Finally, Robeco Institutional Asset Management B.V. grew its position in Omnicom Group by 13.4% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 41,695 shares of the business services provider’s stock valued at $3,587,000 after buying an additional 4,920 shares during the last quarter. 91.97% of the stock is 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.