Omnicom Group (NYSE:OMC) Given New $104.00 Price Target at JPMorgan Chase & Co.

Omnicom Group (NYSE:OMC - Get Free Report) had its price objective reduced by stock analysts at JPMorgan Chase & Co. from $116.00 to $104.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage currently has an "overweight" rating on the business services provider's stock. JPMorgan Chase & Co.'s price target indicates a potential upside of 44.16% from the company's previous close.

A number of other equities research analysts also recently weighed in on OMC. Citigroup reissued a "buy" rating and set a $103.00 target price on shares of Omnicom Group in a research report on Tuesday, April 15th. Barclays decreased their price objective on Omnicom Group from $121.00 to $110.00 and set an "overweight" rating on the stock in a report on Friday, January 24th. Wells Fargo & Company cut their target price on Omnicom Group from $99.00 to $84.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 16th. Argus downgraded shares of Omnicom Group from a "buy" rating to a "hold" rating in a research note on Friday, February 14th. Finally, UBS Group lowered their price target on shares of Omnicom Group from $117.00 to $104.00 and set a "buy" rating on the stock in a report on Thursday, March 20th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $101.29.

Omnicom Group Stock Performance

OMC traded down $1.10 during midday trading on Wednesday, reaching $72.14. The company's stock had a trading volume of 2,508,702 shares, compared to its average volume of 2,175,323. Omnicom Group has a twelve month low of $69.13 and a twelve month high of $107.00. The stock has a market cap of $14.18 billion, a P/E ratio of 9.68, a PEG ratio of 1.94 and a beta of 0.87. The company has a fifty day simple moving average of $79.57 and a 200 day simple moving average of $89.31. The company has a current ratio of 1.00, a quick ratio of 0.90 and a debt-to-equity ratio of 1.27.

Omnicom Group (NYSE:OMC - Get Free Report) last released its earnings results on Tuesday, April 15th. The business services provider reported $1.70 EPS for the quarter, beating the consensus estimate of $1.63 by $0.07. The firm had revenue of $3.69 billion during the quarter, compared to analysts' expectations of $3.73 billion. Omnicom Group had a net margin of 9.44% and a return on equity of 36.39%. Research analysts expect that Omnicom Group will post 8.25 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. ST Germain D J Co. Inc. acquired a new stake in shares of Omnicom Group in the 4th quarter valued at $25,000. Versant Capital Management Inc grew its position in shares of Omnicom Group by 645.2% during the 4th quarter. Versant Capital Management Inc now owns 313 shares of the business services provider's stock worth $27,000 after buying an additional 271 shares during the period. Venturi Wealth Management LLC raised its stake in shares of Omnicom Group by 146.6% during the fourth quarter. Venturi Wealth Management LLC now owns 328 shares of the business services provider's stock worth $28,000 after buying an additional 195 shares during the last quarter. Johnson Financial Group Inc. grew its holdings in Omnicom Group by 153.8% during the 4th quarter. Johnson Financial Group Inc. now owns 330 shares of the business services provider's stock worth $29,000 after acquiring an additional 200 shares during the period. Finally, CoreCap Advisors LLC lifted its stake in shares of Omnicom Group by 708.8% in the 4th quarter. CoreCap Advisors LLC now owns 461 shares of the business services provider's stock valued at $40,000 after purchasing an additional 404 shares during the period. Institutional investors own 91.97% of the company's stock.

Omnicom Group Company Profile

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.