Omnicom Group Inc. (OMC) Given Average Recommendation of “Hold” by Analysts
Omnicom Group Inc. (NYSE:OMC) has earned an average recommendation of “Hold” from the fifteen research firms that are currently covering the stock. Thirteen equities research analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 12 month price objective among analysts that have covered the stock in the last year is $83.15.
OMC has been the topic of a number of research reports. Zacks Investment Research upgraded Omnicom Group from a “sell” rating to a “hold” rating in a report on Tuesday, August 30th. Credit Suisse Group AG began coverage on Omnicom Group in a report on Thursday, September 15th. They issued a “neutral” rating and a $83.00 price objective on the stock. Telsey Advisory Group raised their target price on Omnicom Group from $79.00 to $86.00 and gave the company a “market perform” rating in a report on Wednesday, July 20th. Royal Bank Of Canada began coverage on Omnicom Group in a report on Friday, October 7th. They set a “sector perform” rating and a $87.00 target price on the stock. Finally, RBC Capital Markets began coverage on Omnicom Group in a report on Thursday, October 6th. They set a “sector perform” rating and a $87.00 target price on the stock.
In other Omnicom Group news, Treasurer Dennis E. Hewitt sold 1,000 shares of Omnicom Group stock in a transaction on Friday, October 21st. The stock was sold at an average price of $79.57, for a total transaction of $79,570.00. Following the sale, the treasurer now owns 38,075 shares of the company’s stock, valued at approximately $3,029,627.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.10% of the company’s stock.
A number of hedge funds have recently made changes to their positions in OMC. Hefty Wealth Partners increased its stake in Omnicom Group by 1.6% in the second quarter. Hefty Wealth Partners now owns 10,696 shares of the company’s stock worth $871,000 after buying an additional 166 shares in the last quarter. Chevy Chase Trust Holdings Inc. increased its stake in Omnicom Group by 0.4% in the second quarter. Chevy Chase Trust Holdings Inc. now owns 211,987 shares of the company’s stock worth $17,275,000 after buying an additional 772 shares in the last quarter. Exxonmobil Investment Management Inc. TX increased its stake in Omnicom Group by 5.5% in the second quarter. Exxonmobil Investment Management Inc. TX now owns 61,542 shares of the company’s stock worth $5,015,000 after buying an additional 3,207 shares in the last quarter. Cypress Capital Group increased its stake in Omnicom Group by 58.3% in the first quarter. Cypress Capital Group now owns 11,794 shares of the company’s stock worth $982,000 after buying an additional 4,344 shares in the last quarter. Finally, Royal Bank of Canada increased its stake in Omnicom Group by 9.1% in the first quarter. Royal Bank of Canada now owns 372,289 shares of the company’s stock worth $30,985,000 after buying an additional 31,144 shares in the last quarter. 96.32% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Omnicom Group (NYSE:OMC) traded up 2.361% during mid-day trading on Thursday, reaching $86.925. 1,203,545 shares of the company’s stock were exchanged. The stock has a 50 day moving average price of $81.62 and a 200 day moving average price of $82.91. The stock has a market cap of $20.50 billion, a price-to-earnings ratio of 18.633 and a beta of 1.25. Omnicom Group has a 52 week low of $66.48 and a 52 week high of $87.50.
Omnicom Group (NYSE:OMC) last issued its quarterly earnings results on Tuesday, October 18th. The company reported $1.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.03 by $0.03. Omnicom Group had a return on equity of 39.38% and a net margin of 7.32%. The firm had revenue of $3.79 billion for the quarter, compared to analyst estimates of $3.80 billion. During the same period last year, the company earned $0.97 EPS. The firm’s quarterly revenue was up 2.3% on a year-over-year basis. Equities research analysts predict that Omnicom Group will post $4.75 EPS for the current year.
About Omnicom Group
Omnicom Group Inc is a holding company. The Company provides advertising, marketing and corporate communications services. The Company’s branded networks and agencies operate in all markets around the world and provide a range of services, which it groups into four disciplines: advertising, customer relationship management (CRM), public relations and specialty communications.
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