Omnicom Group Inc. (NYSE:OMC) Receives $110.11 Consensus Price Target from Brokerages

Omnicom Group Inc. (NYSE:OMC) has received a consensus rating of “Moderate Buy” from the nine brokerages that are currently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and six have assigned a buy recommendation to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $110.11.

OMC has been the subject of a number of recent analyst reports. Macquarie boosted their target price on shares of Omnicom Group from $110.00 to $120.00 and gave the company an “outperform” rating in a report on Wednesday, October 16th. Wells Fargo & Company cut shares of Omnicom Group from an “overweight” rating to an “equal weight” rating and upped their price target for the company from $106.00 to $110.00 in a report on Wednesday, October 16th. UBS Group increased their price objective on shares of Omnicom Group from $120.00 to $124.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. Barclays increased their target price on shares of Omnicom Group from $110.00 to $121.00 and gave the company an “overweight” rating in a research report on Thursday, October 17th. Finally, Bank of America raised their target price on shares of Omnicom Group from $87.00 to $89.00 and gave the stock an “underperform” rating in a report on Thursday, September 5th.

Omnicom Group Stock Performance

Shares of OMC stock opened at $102.38 on Monday. The firm’s 50 day moving average price is $102.25 and its 200-day moving average price is $96.79. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.86 and a current ratio of 0.98. Omnicom Group has a one year low of $78.90 and a one year high of $107.00. The firm has a market cap of $19.98 billion, a P/E ratio of 13.99, a P/E/G ratio of 2.29 and a beta of 0.95.

Omnicom Group (NYSE:OMC) last issued its earnings results on Tuesday, October 15th. The business services provider reported $2.03 earnings per share for the quarter, beating the consensus estimate of $2.02 by $0.01. The business had revenue of $3.88 billion for the quarter, compared to the consensus estimate of $3.79 billion. Omnicom Group had a net margin of 9.45% and a return on equity of 36.59%. During the same quarter in the previous year, the firm earned $1.86 earnings per share. As a group, equities research analysts predict that Omnicom Group will post 7.94 EPS for the current year.

Insider Activity at Omnicom Group

In related news, CAO Andrew Castellaneta sold 4,000 shares of the stock in a transaction dated Friday, October 18th. The shares were sold at an average price of $105.29, for a total transaction of $421,160.00. Following the sale, the chief accounting officer now directly owns 23,545 shares of the company’s stock, valued at approximately $2,479,053.05. This represents a 14.52 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.30% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Northwest Investment Counselors LLC acquired a new stake in shares of Omnicom Group during the third quarter worth $33,000. Davis Capital Management acquired a new position in Omnicom Group in the 3rd quarter valued at about $36,000. Innealta Capital LLC acquired a new position in Omnicom Group in the 2nd quarter valued at about $33,000. HM Payson & Co. lifted its holdings in shares of Omnicom Group by 84.5% in the 3rd quarter. HM Payson & Co. now owns 369 shares of the business services provider’s stock worth $38,000 after acquiring an additional 169 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Omnicom Group during the 2nd quarter worth approximately $33,000. Institutional investors own 91.97% of the company’s stock.

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.