Omnicom Group Inc. (NYSE:OMC) Receives $96.57 Average PT from Analysts

Omnicom Group Inc. (NYSE:OMC) has received a consensus recommendation of “Moderate Buy” from the nine ratings firms that are covering the company, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $96.5714.

Several equities research analysts have issued reports on OMC shares. Weiss Ratings reissued a “hold (c)” rating on shares of Omnicom Group in a report on Wednesday, October 8th. Barclays lifted their target price on shares of Omnicom Group from $80.00 to $82.00 and gave the company an “equal weight” rating in a research report on Thursday, October 23rd. Finally, Wells Fargo & Company raised shares of Omnicom Group from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $78.00 to $91.00 in a research report on Tuesday, September 23rd.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of OMC. Vanguard Group Inc. boosted its stake in shares of Omnicom Group by 1.5% in the 2nd quarter. Vanguard Group Inc. now owns 23,811,406 shares of the business services provider’s stock valued at $1,712,993,000 after purchasing an additional 344,652 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in Omnicom Group by 30.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 8,107,021 shares of the business services provider’s stock valued at $660,969,000 after purchasing an additional 1,893,316 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its position in Omnicom Group by 9.6% in the second quarter. Massachusetts Financial Services Co. MA now owns 7,869,786 shares of the business services provider’s stock valued at $566,152,000 after buying an additional 691,560 shares in the last quarter. Bank of New York Mellon Corp grew its stake in Omnicom Group by 73.6% during the third quarter. Bank of New York Mellon Corp now owns 6,652,469 shares of the business services provider’s stock worth $542,376,000 after buying an additional 2,820,553 shares during the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of Omnicom Group by 0.9% during the second quarter. Geode Capital Management LLC now owns 5,339,385 shares of the business services provider’s stock worth $382,717,000 after buying an additional 48,868 shares in the last quarter. 91.97% of the stock is currently owned by institutional investors and hedge funds.

Omnicom Group Trading Up 1.8%

Omnicom Group stock opened at $74.30 on Monday. The business has a 50 day moving average price of $77.21 and a two-hundred day moving average price of $75.16. The company has a quick ratio of 0.80, a current ratio of 0.92 and a debt-to-equity ratio of 0.95. Omnicom Group has a 12 month low of $68.37 and a 12 month high of $105.99. The stock has a market cap of $14.34 billion, a price-to-earnings ratio of 10.97, a price-to-earnings-growth ratio of 1.43 and a beta of 0.94.

Omnicom Group (NYSE:OMC) last released its quarterly earnings data on Tuesday, October 21st. The business services provider reported $2.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.17 by $0.07. The business had revenue of $4.04 billion for the quarter, compared to analysts’ expectations of $4.02 billion. Omnicom Group had a return on equity of 33.30% and a net margin of 8.31%.Omnicom Group’s quarterly revenue was up 4.0% on a year-over-year basis. During the same period in the previous year, the business posted $2.03 earnings per share. As a group, equities analysts forecast that Omnicom Group will post 8.25 EPS for the current year.

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.