Brokerages Set Omnicom Group Inc. (NYSE:OMC) Target Price at $87.90

Shares of Omnicom Group Inc. (NYSE:OMCGet Rating) have earned an average recommendation of “Hold” from the eleven research firms that are currently covering the company, MarketBeat reports. Three research analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and three have given a buy recommendation to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $87.90.

OMC has been the topic of several recent research reports. StockNews.com initiated coverage on Omnicom Group in a research report on Thursday, March 31st. They set a “hold” rating on the stock. Bank of America increased their price objective on Omnicom Group from $67.00 to $77.00 and gave the company an “underperform” rating in a research report on Wednesday, February 9th. Wolfe Research increased their price objective on Omnicom Group from $81.00 to $85.00 and gave the company a “peer perform” rating in a research report on Wednesday, February 9th. Macquarie raised their price target on Omnicom Group from $85.00 to $98.00 and gave the stock an “outperform” rating in a research report on Thursday, February 10th. Finally, Zacks Investment Research lowered Omnicom Group from a “hold” rating to a “sell” rating and set a $81.00 price target on the stock. in a research report on Wednesday, January 12th.

Shares of NYSE OMC traded down $0.06 during trading on Wednesday, reaching $78.63. 27,155 shares of the stock traded hands, compared to its average volume of 2,022,613. Omnicom Group has a 52-week low of $65.76 and a 52-week high of $91.61. The company has a debt-to-equity ratio of 1.51, a current ratio of 0.98 and a quick ratio of 0.91. The company has a 50-day moving average of $82.22 and a 200-day moving average of $76.04. The stock has a market capitalization of $16.27 billion, a P/E ratio of 12.11, a price-to-earnings-growth ratio of 2.27 and a beta of 0.75.

Omnicom Group (NYSE:OMCGet Rating) last issued its quarterly earnings results on Tuesday, February 8th. The business services provider reported $1.95 EPS for the quarter, beating analysts’ consensus estimates of $1.72 by $0.23. The firm had revenue of $3.86 billion for the quarter, compared to analysts’ expectations of $3.67 billion. Omnicom Group had a return on equity of 36.60% and a net margin of 9.85%. The business’s revenue for the quarter was up 2.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.90 EPS. Analysts expect that Omnicom Group will post 6.66 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, April 8th. Investors of record on Thursday, March 10th were given a $0.70 dividend. The ex-dividend date was Wednesday, March 9th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.56%. Omnicom Group’s dividend payout ratio is currently 42.88%.

In other news, CAO Andrew Castellaneta sold 5,000 shares of the firm’s stock in a transaction on Friday, February 11th. The shares were sold at an average price of $85.47, for a total value of $427,350.00. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Rochelle M. Tarlowe sold 1,500 shares of the business’s stock in a transaction dated Tuesday, February 15th. The stock was sold at an average price of $85.86, for a total transaction of $128,790.00. The disclosure for this sale can be found here. Insiders own 1.30% of the company’s stock.

Institutional investors have recently bought and sold shares of the business. Clean Yield Group lifted its position in shares of Omnicom Group by 150.7% in the 4th quarter. Clean Yield Group now owns 341 shares of the business services provider’s stock valued at $25,000 after acquiring an additional 205 shares in the last quarter. Allworth Financial LP increased its stake in Omnicom Group by 1,581.0% in the 3rd quarter. Allworth Financial LP now owns 353 shares of the business services provider’s stock valued at $26,000 after buying an additional 332 shares during the period. TCI Wealth Advisors Inc. increased its stake in Omnicom Group by 705.9% in the 4th quarter. TCI Wealth Advisors Inc. now owns 411 shares of the business services provider’s stock valued at $30,000 after buying an additional 360 shares during the period. Independence Bank of Kentucky acquired a new position in Omnicom Group in the 1st quarter valued at approximately $37,000. Finally, Massmutual Trust Co. FSB ADV increased its stake in Omnicom Group by 475.3% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 489 shares of the business services provider’s stock valued at $35,000 after buying an additional 404 shares during the period. 91.35% of the stock is owned by hedge funds and other institutional investors.

About Omnicom Group (Get Rating)

Omnicom Group Inc, together with its subsidiaries, provides advertising, marketing, and corporate communications services. It provides a range of services in the areas of advertising, customer relationship management, public relations, and healthcare. The company's services include advertising, branding, content marketing, corporate social responsibility consulting, crisis communications, custom publishing, data analytics, database management, digital/direct marketing, digital transformation, entertainment marketing, experiential marketing, field marketing, financial/corporate business-to-business advertising, graphic arts/digital imaging, healthcare marketing and communications, and in-store design services.

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