Omnicom Group Inc. (NYSE:OMC) Stock Has Average Price Target of $98.75

Shares of Omnicom Group Inc. (NYSE:OMC) have been assigned a consensus rating of “Hold” from the twelve analysts that are covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, six have given a hold recommendation and five have given a buy recommendation to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $100.67.

Several equities analysts have recently commented on OMC shares. Citigroup dropped their price objective on shares of Omnicom Group from $105.00 to $100.00 and set a “buy” rating on the stock in a report on Thursday, July 30th. Weiss Ratings upgraded Omnicom Group from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, July 30th. Morgan Stanley increased their target price on Omnicom Group from $83.00 to $85.00 and gave the company an “equal weight” rating in a report on Friday. Barclays reduced their price objective on Omnicom Group from $88.00 to $87.00 and set an “equal weight” rating for the company in a research report on Monday. Finally, Zacks Research upgraded shares of Omnicom Group from a “strong sell” rating to a “hold” rating in a report on Monday, September 28th.

Omnicom Group Trading Down 3.5%

Shares of NYSE OMC opened at $79.79 on Tuesday. The stock’s 50 day moving average price is $80.53 and its two-hundred day moving average price is $78.22. Omnicom Group has a 52-week low of $66.33 and a 52-week high of $89.57. The stock has a market capitalization of $21.89 billion, a P/E ratio of 8.38, a PEG ratio of 0.71 and a beta of 0.68. The company has a quick ratio of 0.78, a current ratio of 0.92 and a debt-to-equity ratio of 0.97.

Omnicom Group (NYSE:OMC) last posted its quarterly earnings results on Thursday, October 22nd. The business services provider reported $2.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.67 by $0.06. Omnicom Group had a net margin of 2.85% and a return on equity of 24.29%. The company had revenue of $6.42 billion for the quarter, compared to the consensus estimate of $6.21 billion. During the same period last year, the firm posted $2.24 EPS. The company’s revenue for the quarter was up 59.1% on a year-over-year basis. On average, analysts anticipate that Omnicom Group will post 10.33 earnings per share for the current fiscal year.

Insider Activity at Omnicom Group

In other news, Director Linda Rice sold 1,385 shares of the business’s stock in a transaction on Monday, August 24th. The shares were sold at an average price of $88.73, for a total value of $122,891.05. Following the completion of the sale, the director directly owned 11,719 shares in the company, valued at approximately $1,039,826.87. The trade was a 10.57% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.20% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of OMC. Orca Investment Management LLC acquired a new position in shares of Omnicom Group during the 2nd quarter worth about $2,023,000. Oppenheimer Asset Management Inc. bought a new stake in Omnicom Group during the 2nd quarter valued at approximately $9,146,000. Polianta Ltd bought a new stake in Omnicom Group during the 2nd quarter valued at approximately $1,762,000. NewEdge Advisors LLC boosted its stake in Omnicom Group by 27.8% during the 1st quarter. NewEdge Advisors LLC now owns 57,040 shares of the business services provider’s stock valued at $4,296,000 after purchasing an additional 12,425 shares during the period. Finally, Nykredit A S acquired a new stake in Omnicom Group in the 2nd quarter valued at approximately $92,660,000. 91.97% of the stock is currently owned by institutional investors and hedge funds.

Omnicom Group Company Profile

Omnicom Group Inc is a global marketing and communications company that provides advertising, media, branding, public relations, customer relationship management, and digital marketing services. The company works with organizations across industries to develop brand strategies, create content, manage media campaigns, and engage customers through traditional and digital channels.

Omnicom operates through a network of independently branded agencies, including BBDO Worldwide, DDB Worldwide, TBWA Worldwide, Omnicom Media Group, FleishmanHillard, Ketchum, Porter Novelli, RAPP, and several specialized healthcare, experiential, and data-driven marketing agencies.