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

Key Points

• Analysts rate Omnicom Group “Hold” overall: Of 11 covering firms, six recommend holding, four recommend buying and one recommends selling. The average 12-month price target is $98.75 versus a reported share price of $79.43.
• Omnicom’s latest quarterly results were mixed: revenue reached $6.56 billion, exceeding estimates, while earnings per share of $2.65 narrowly missed the $2.67 consensus forecast.
• Institutional investors own 91.97% of the stock. Recent activity included increased stakes from several investment managers, while a company director sold 1,385 shares.

Shares of Omnicom Group Inc. (NYSE:OMC - Get Free Report) have been assigned a consensus rating of "Hold" from the eleven ratings firms that are presently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and four have given a buy recommendation to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $98.75.

Several research analysts have commented on OMC shares. Barclays dropped their price target on Omnicom Group from $90.00 to $88.00 and set an "equal weight" rating on the stock in a research report on Friday, October 9th. Weiss Ratings raised Omnicom Group from a "hold (c-)" rating to a "hold (c)" rating in a research report on Thursday, July 30th. Argus upgraded shares of Omnicom Group to a "hold" rating in a research note on Monday, September 14th. Wells Fargo & Company raised their price objective on shares of Omnicom Group from $91.00 to $93.00 and gave the stock an "overweight" rating in a research note on Thursday, July 30th. Finally, Citigroup dropped their target price on shares of Omnicom Group from $105.00 to $100.00 and set a "buy" rating on the stock in a research report on Thursday, July 30th.

Omnicom Group Trading Down 1.4%

Omnicom Group stock opened at $79.43 on Tuesday. Omnicom Group has a 52 week low of $66.33 and a 52 week high of $89.57. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.78 and a current ratio of 0.92. The firm has a market capitalization of $21.79 billion, a PE ratio of 68.47, a PEG ratio of 0.68 and a beta of 0.68. The business's 50-day simple moving average is $80.84 and its 200-day simple moving average is $78.36.

Omnicom Group (NYSE:OMC - Get Free Report) last announced its earnings results on Tuesday, July 28th. The business services provider reported $2.65 earnings per share for the quarter, missing the consensus estimate of $2.67 by ($0.02). The business had revenue of $6.56 billion for the quarter, compared to the consensus estimate of $6.44 billion. Omnicom Group had a net margin of 1.74% and a return on equity of 24.73%. Omnicom Group's revenue for the quarter was up 63.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.05 EPS. Equities research analysts forecast that Omnicom Group will post 10.50 earnings per share for the current year.

Insiders Place Their Bets

In other Omnicom Group news, Director Linda Rice sold 1,385 shares of the 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 of the company's stock, valued at $1,039,826.87. This represents a 10.57% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.20% of the stock is currently owned by company insiders.

Institutional Trading of Omnicom Group

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Gold Investment Management Ltd. boosted its position in Omnicom Group by 2.7% in the 3rd quarter. Gold Investment Management Ltd. now owns 15,998 shares of the business services provider's stock valued at $1,178,000 after buying an additional 414 shares during the last quarter. Brown Lisle Cummings Inc. raised its position in shares of Omnicom Group by 4.3% during the third quarter. Brown Lisle Cummings Inc. now owns 4,899 shares of the business services provider's stock worth $361,000 after acquiring an additional 200 shares during the last quarter. Burns Matteson Capital Management LLC bought a new stake in shares of Omnicom Group during the third quarter worth $594,000. Pension & Wealth Management Advisors Inc. raised its position in shares of Omnicom Group by 38.1% during the third quarter. Pension & Wealth Management Advisors Inc. now owns 1,247 shares of the business services provider's stock worth $92,000 after acquiring an additional 344 shares during the last quarter. Finally, Howard Capital Management LLC lifted its stake in shares of Omnicom Group by 250.8% during the third quarter. Howard Capital Management LLC now owns 82,884 shares of the business services provider's stock valued at $6,103,000 after acquiring an additional 59,259 shares during the period. 91.97% of the stock is currently owned by institutional investors and hedge funds.

About Omnicom Group

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.

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