JPMorgan Chase & Co. Has Lowered Expectations for Omnicom Group (NYSE:OMC) Stock Price

Omnicom Group (NYSE:OMC - Get Free Report) had its price target lowered by JPMorgan Chase & Co. from $116.00 to $104.00 in a research note issued on Wednesday,Benzinga reports. The firm currently has an "overweight" rating on the business services provider's stock. JPMorgan Chase & Co.'s price objective would indicate a potential upside of 42.15% from the company's current price.

A number of other brokerages have also recently commented on OMC. Citigroup restated a "buy" rating and set a $103.00 target price on shares of Omnicom Group in a report on Tuesday. Argus cut shares of Omnicom Group from a "buy" rating to a "hold" rating in a research note on Friday, February 14th. Barclays reduced their price target on shares of Omnicom Group from $121.00 to $110.00 and set an "overweight" rating for the company in a research note on Friday, January 24th. UBS Group lowered their price objective on shares of Omnicom Group from $117.00 to $104.00 and set a "buy" rating on the stock in a research report on Thursday, March 20th. Finally, Wells Fargo & Company cut their target price on shares of Omnicom Group from $99.00 to $84.00 and set an "equal weight" rating for the company in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $101.29.

Omnicom Group Trading Up 2.7 %

Shares of NYSE OMC traded up $1.92 during trading hours on Wednesday, hitting $73.16. The company's stock had a trading volume of 3,692,159 shares, compared to its average volume of 2,174,802. The stock has a market cap of $14.38 billion, a price-to-earnings ratio of 9.82, a P/E/G ratio of 1.94 and a beta of 0.87. Omnicom Group has a 12 month low of $69.13 and a 12 month high of $107.00. The business has a 50-day simple moving average of $79.57 and a 200-day simple moving average of $89.47. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.90 and a current ratio of 1.00.

Omnicom Group (NYSE:OMC - Get Free Report) last issued its quarterly earnings data 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 net margin of 9.44% and a return on equity of 36.39%. The business had revenue of $3.69 billion during the quarter, compared to analyst estimates of $3.73 billion. On average, analysts anticipate that Omnicom Group will post 8.25 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. ST Germain D J Co. Inc. bought a new stake in shares of Omnicom Group in the 4th quarter worth about $25,000. Versant Capital Management Inc boosted its position in shares of Omnicom Group by 645.2% during the fourth quarter. Versant Capital Management Inc now owns 313 shares of the business services provider's stock valued at $27,000 after buying an additional 271 shares during the period. Venturi Wealth Management LLC raised 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 worth $28,000 after buying an additional 195 shares during the period. Johnson Financial Group Inc. lifted its stake in shares of Omnicom Group by 153.8% during the 4th quarter. Johnson Financial Group Inc. now owns 330 shares of the business services provider's stock worth $29,000 after acquiring an additional 200 shares during the last quarter. Finally, CoreCap Advisors LLC grew its position in Omnicom Group by 708.8% in the 4th quarter. CoreCap Advisors LLC now owns 461 shares of the business services provider's stock valued at $40,000 after acquiring an additional 404 shares during the last quarter. Hedge funds and other 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.