Omnicom Group (NYSE:OMC) Stock Price Expected to Rise, Barclays Analyst Says

Key Points

• Barclays has increased its target price for Omnicom Group's stock from $80.00 to $82.00, suggesting a potential upside of 1.15% from its previous close.
• Wells Fargo upgraded Omnicom Group from "equal weight" to "overweight," raising its target price significantly from $78.00 to $91.00.
• Omnicom Group reported a quarterly earnings per share (EPS) of $2.24, exceeding expectations and indicating a 4.0% increase in revenue year-over-year.

Omnicom Group (NYSE:OMC - Get Free Report) had its target price increased by Barclays from $80.00 to $82.00 in a report issued on Thursday,Benzinga reports. The firm currently has an "equal weight" rating on the business services provider's stock. Barclays's price objective points to a potential upside of 1.15% from the stock's previous close.

Several other brokerages also recently weighed in on OMC. Wells Fargo & Company upgraded shares of Omnicom Group from an "equal weight" rating to an "overweight" rating and upped their target price for the company from $78.00 to $91.00 in a research note on Tuesday, September 23rd. JPMorgan Chase & Co. lowered their target price on Omnicom Group from $104.00 to $96.00 and set an "overweight" rating for the company in a research note on Thursday, July 10th. Finally, Weiss Ratings reissued a "hold (c)" rating on shares of Omnicom Group in a report on Wednesday, October 8th. Five research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $96.57.

Omnicom Group Stock Performance

NYSE:OMC opened at $81.07 on Thursday. The company has a current ratio of 0.92, a quick ratio of 0.80 and a debt-to-equity ratio of 0.97. The firm has a market capitalization of $15.70 billion, a price-to-earnings ratio of 11.97, a PEG ratio of 1.54 and a beta of 0.96. The firm's fifty day simple moving average is $77.70 and its 200 day simple moving average is $74.99. Omnicom Group has a twelve month low of $68.37 and a twelve month high of $107.00.

Omnicom Group (NYSE:OMC - Get Free Report) last released its quarterly earnings data on Tuesday, October 21st. The business services provider reported $2.24 EPS for the quarter, beating the consensus estimate of $2.17 by $0.07. Omnicom Group had a return on equity of 33.66% and a net margin of 8.31%.The company had revenue of $4.04 billion for the quarter, compared to analyst estimates of $4.02 billion. During the same period last year, the company posted $2.03 earnings per share. The firm's revenue was up 4.0% compared to the same quarter last year. As a group, equities research analysts expect that Omnicom Group will post 8.25 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Robinson Value Management Ltd. raised its position in shares of Omnicom Group by 0.4% during the 1st quarter. Robinson Value Management Ltd. now owns 34,217 shares of the business services provider's stock worth $2,837,000 after buying an additional 139 shares in the last quarter. Bollard Group LLC increased its position in shares of Omnicom Group by 6.0% during the 2nd quarter. Bollard Group LLC now owns 2,569 shares of the business services provider's stock valued at $185,000 after purchasing an additional 145 shares during the period. Geneos Wealth Management Inc. lifted its holdings in shares of Omnicom Group by 4.3% in the third quarter. Geneos Wealth Management Inc. now owns 3,746 shares of the business services provider's stock valued at $305,000 after buying an additional 156 shares during the period. Financial Advisors Network Inc. boosted its stake in Omnicom Group by 6.1% during the first quarter. Financial Advisors Network Inc. now owns 2,756 shares of the business services provider's stock valued at $228,000 after buying an additional 159 shares in the last quarter. Finally, Linden Thomas Advisory Services LLC raised its position in Omnicom Group by 0.8% in the first quarter. Linden Thomas Advisory Services LLC now owns 22,126 shares of the business services provider's stock worth $1,834,000 after acquiring an additional 165 shares in the last quarter. 91.97% of the stock is currently owned by institutional investors.

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.

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