Omnicom Group (NYSE:OMC) Price Target Increased to $120.00 by Analysts at Macquarie

Omnicom Group (NYSE:OMC - Get Free Report) had its target price upped by equities research analysts at Macquarie from $110.00 to $120.00 in a research report issued on Wednesday, Benzinga reports. The brokerage currently has an "outperform" rating on the business services provider's stock. Macquarie's price target suggests a potential upside of 13.75% from the stock's current price.

OMC has been the topic of a number of other reports. JPMorgan Chase & Co. boosted their target price on Omnicom Group from $118.00 to $119.00 and gave the stock an "overweight" rating in a research report on Wednesday. UBS Group increased their price objective on Omnicom Group from $120.00 to $124.00 and gave the stock a "buy" rating in a research note on Wednesday. Bank of America raised their target price on shares of Omnicom Group from $87.00 to $89.00 and gave the company an "underperform" rating in a research report on Thursday, September 5th. Finally, Wells Fargo & Company lowered Omnicom Group from an "overweight" rating to an "equal weight" rating and boosted their price target for the stock from $106.00 to $110.00 in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $109.20.

Omnicom Group Stock Up 1.4 %

Shares of OMC stock traded up $1.47 during mid-day trading on Wednesday, reaching $105.49. 3,031,194 shares of the company's stock traded hands, compared to its average volume of 1,529,342. The company has a quick ratio of 0.81, a current ratio of 0.93 and a debt-to-equity ratio of 1.31. The company's 50-day moving average price is $99.85 and its 200-day moving average price is $95.15. Omnicom Group has a 12 month low of $73.28 and a 12 month high of $105.93. The company has a market cap of $20.66 billion, a P/E ratio of 14.26, a P/E/G ratio of 2.39 and a beta of 0.94.

Omnicom Group (NYSE:OMC - Get Free Report) last announced its quarterly earnings results on Tuesday, October 15th. The business services provider reported $2.03 EPS for the quarter, topping analysts' consensus estimates of $2.02 by $0.01. The firm had revenue of $3.88 billion during the quarter, compared to analyst estimates of $3.79 billion. Omnicom Group had a net margin of 9.55% and a return on equity of 37.51%. During the same period in the previous year, the business posted $1.86 earnings per share. On average, equities analysts expect that Omnicom Group will post 7.88 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, VP Rochelle M. Tarlowe sold 3,000 shares of the company's stock in a transaction on Monday, August 26th. The stock was sold at an average price of $99.17, for a total value of $297,510.00. Following the transaction, the vice president now directly owns 15,375 shares of the company's stock, valued at $1,524,738.75. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Omnicom Group news, Director Linda Johnson Rice sold 488 shares of the firm's stock in a transaction that occurred on Friday, July 19th. The shares were sold at an average price of $90.88, for a total transaction of $44,349.44. Following the completion of the transaction, the director now directly owns 10,356 shares of the company's stock, valued at approximately $941,153.28. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Rochelle M. Tarlowe sold 3,000 shares of Omnicom Group stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $99.17, for a total transaction of $297,510.00. Following the sale, the vice president now owns 15,375 shares of the company's stock, valued at approximately $1,524,738.75. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.30% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in OMC. Thurston Springer Miller Herd & Titak Inc. purchased a new position in Omnicom Group during the second quarter valued at approximately $33,000. Innealta Capital LLC acquired a new stake in shares of Omnicom Group during the 2nd quarter worth approximately $33,000. Davis Capital Management purchased a new position in shares of Omnicom Group during the 3rd quarter valued at approximately $36,000. Northwest Investment Counselors LLC acquired a new position in shares of Omnicom Group in the 1st quarter valued at $50,000. Finally, Richardson Financial Services Inc. boosted its holdings in Omnicom Group by 66.3% during the second quarter. Richardson Financial Services Inc. now owns 562 shares of the business services provider's stock worth $50,000 after buying an additional 224 shares in 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.