Omnicom Group (NYSE:OMC - Get Free Report) was upgraded by equities research analysts at Bank of America from an "underperform" rating to a "neutral" rating in a report released on Monday,Finviz reports. The brokerage presently has a $80.00 price target on the business services provider's stock. Bank of America's target price would indicate a potential upside of 14.07% from the company's current price.
Several other research firms have also recently issued reports on OMC. UBS Group decreased their price objective on shares of Omnicom Group from $117.00 to $104.00 and set a "buy" rating for the company in a research report on Thursday, March 20th. Barclays decreased their price target on Omnicom Group from $110.00 to $105.00 and set an "overweight" rating for the company in a report on Thursday, April 17th. Wells Fargo & Company lowered their price objective 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. JPMorgan Chase & Co. cut their target price on Omnicom Group from $116.00 to $104.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 16th. Finally, Citigroup reaffirmed a "buy" rating and issued a $103.00 price target on shares of Omnicom Group in a report on Tuesday, April 15th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $100.00.
Check Out Our Latest Stock Analysis on OMC
Omnicom Group Price Performance
OMC stock opened at $70.13 on Monday. The business's 50-day moving average is $73.82 and its two-hundred day moving average is $80.22. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.01 and a quick ratio of 0.87. The firm has a market capitalization of $13.68 billion, a P/E ratio of 9.59, a P/E/G ratio of 1.69 and a beta of 0.93. Omnicom Group has a 1 year low of $68.37 and a 1 year high of $107.00.
Omnicom Group (NYSE:OMC - Get Free Report) last issued its earnings results on Tuesday, April 15th. The business services provider reported $1.70 earnings per share for the quarter, beating the consensus estimate of $1.63 by $0.07. Omnicom Group had a net margin of 9.20% and a return on equity of 34.85%. The firm had revenue of $3.69 billion for the quarter, compared to analysts' expectations of $3.73 billion. Analysts anticipate that Omnicom Group will post 8.25 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the company. Venturi Wealth Management LLC boosted its holdings in shares of Omnicom Group by 146.6% in the fourth quarter. Venturi Wealth Management LLC now owns 328 shares of the business services provider's stock valued at $28,000 after acquiring an additional 195 shares during the period. Johnson Financial Group Inc. raised its position in Omnicom Group by 153.8% in the 4th quarter. Johnson Financial Group Inc. now owns 330 shares of the business services provider's stock valued at $29,000 after purchasing an additional 200 shares during the last quarter. Zions Bancorporation National Association UT purchased a new stake in Omnicom Group in the 1st quarter valued at $34,000. Gen Wealth Partners Inc acquired a new stake in Omnicom Group during the 1st quarter worth $36,000. Finally, Versant Capital Management Inc grew its position in Omnicom Group by 45.7% during the 1st quarter. Versant Capital Management Inc now owns 456 shares of the business services provider's stock worth $38,000 after purchasing an additional 143 shares during the last quarter. Hedge funds and other institutional investors own 91.97% of the company's stock.
Omnicom Group Company Profile
(
Get Free Report)
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.
Further Reading
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