Omnicom Group (NYSE:OMC) Price Target Lowered to $96.00 at JPMorgan Chase & Co.

Omnicom Group (NYSE:OMC - Get Free Report) had its price objective cut by stock analysts at JPMorgan Chase & Co. from $104.00 to $96.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage currently has an "overweight" rating on the business services provider's stock. JPMorgan Chase & Co.'s price target would indicate a potential upside of 31.03% from the company's previous close.

Several other research analysts have also weighed in on the company. Bank of America raised Omnicom Group from an "underperform" rating to a "neutral" rating and set a $80.00 price target on the stock in a research report on Monday, June 23rd. 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 report on Wednesday, April 16th. Barclays downgraded Omnicom Group from an "overweight" rating to an "equal weight" rating and dropped their price objective for the stock from $105.00 to $80.00 in a research report on Wednesday, June 25th. Citigroup reaffirmed a "buy" rating and issued a $103.00 target price on shares of Omnicom Group in a report on Tuesday, April 15th. Finally, UBS Group decreased their price target on Omnicom Group from $117.00 to $104.00 and set a "buy" rating for the company in a research note on Thursday, March 20th. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $95.29.

Omnicom Group Stock Down 0.2%

Shares of OMC traded down $0.16 during trading hours on Thursday, reaching $73.27. The company's stock had a trading volume of 877,899 shares, compared to its average volume of 3,534,602. The company has a 50 day moving average of $73.38 and a two-hundred day moving average of $78.63. Omnicom Group has a 1-year low of $68.37 and a 1-year high of $107.00. The firm has a market cap of $14.29 billion, a price-to-earnings ratio of 10.02, a P/E/G ratio of 1.60 and a beta of 0.92. The company has a quick ratio of 0.87, a current ratio of 1.01 and a debt-to-equity ratio of 1.24.

Omnicom Group (NYSE:OMC - Get Free Report) last issued its earnings results on Tuesday, April 15th. The business services provider reported $1.70 EPS for the quarter, topping the consensus estimate of $1.63 by $0.07. Omnicom Group had a return on equity of 34.85% and a net margin of 9.20%. The firm had revenue of $3.69 billion during the quarter, compared to analysts' expectations of $3.73 billion. As a group, research analysts predict that Omnicom Group will post 8.25 EPS for the current fiscal year.

Institutional Trading of Omnicom Group

A number of hedge funds have recently bought and sold shares of OMC. Vanguard Group Inc. boosted its position in Omnicom Group by 1.8% in the 1st quarter. Vanguard Group Inc. now owns 23,466,754 shares of the business services provider's stock valued at $1,945,629,000 after buying an additional 424,936 shares during the period. Massachusetts Financial Services Co. MA grew its holdings in shares of Omnicom Group by 20.2% during the first quarter. Massachusetts Financial Services Co. MA now owns 7,178,226 shares of the business services provider's stock worth $595,147,000 after buying an additional 1,205,165 shares in the last quarter. Geode Capital Management LLC grew its holdings in Omnicom Group by 1.0% in the fourth quarter. Geode Capital Management LLC now owns 5,151,708 shares of the business services provider's stock valued at $442,453,000 after purchasing an additional 51,148 shares during the period. Boston Partners grew its stake in Omnicom Group by 18.5% during the first quarter. Boston Partners now owns 4,882,041 shares of the business services provider's stock worth $402,598,000 after buying an additional 762,871 shares during the period. Finally, Baird Financial Group Inc. grew its stake in Omnicom Group by 44.5% during the first quarter. Baird Financial Group Inc. now owns 3,896,270 shares of the business services provider's stock worth $323,040,000 after buying an additional 1,199,725 shares during the period. Institutional investors and hedge funds 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.