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

Omnicom Group Inc. (NYSE:OMC - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the nine research firms that are presently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and six have assigned a buy recommendation to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $110.11.

Several equities research analysts have issued reports on the stock. Bank of America boosted their price objective on shares of Omnicom Group from $87.00 to $89.00 and gave the stock an "underperform" rating in a research note on Thursday, September 5th. UBS Group boosted their price objective on shares of Omnicom Group from $120.00 to $124.00 and gave the stock a "buy" rating in a research note on Wednesday, October 16th. Macquarie boosted their price objective on shares of Omnicom Group from $110.00 to $120.00 and gave the stock an "outperform" rating in a research note on Wednesday, October 16th. Wells Fargo & Company cut shares of Omnicom Group from an "overweight" rating to an "equal weight" rating and boosted their target price for the stock from $106.00 to $110.00 in a research report on Wednesday, October 16th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Omnicom Group from $118.00 to $119.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 16th.

Omnicom Group Trading Down 0.3 %

Omnicom Group stock traded down $0.27 during trading on Thursday, reaching $100.45. The company had a trading volume of 1,144,825 shares, compared to its average volume of 1,531,785. Omnicom Group has a 12-month low of $73.58 and a 12-month high of $106.51. The stock's 50 day moving average price is $100.75 and its two-hundred day moving average price is $95.44. The firm has a market capitalization of $19.67 billion, a price-to-earnings ratio of 13.58, a PEG ratio of 2.39 and a beta of 0.94. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.81 and a current ratio of 0.93.

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

Insider Activity at Omnicom Group

In related news, VP Rochelle M. Tarlowe sold 3,000 shares of the company's stock in a transaction on Monday, August 26th. The shares were sold at an average price of $99.17, for a total value of $297,510.00. Following the sale, 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other Omnicom Group news, CAO Andrew Castellaneta sold 4,000 shares of the stock in a transaction on 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 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Rochelle M. Tarlowe sold 3,000 shares of the stock in a transaction on Monday, August 26th. The stock was sold at an average price of $99.17, for a total transaction of $297,510.00. Following the sale, the vice president now directly owns 15,375 shares in the company, valued at $1,524,738.75. This trade represents 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 currently owned by corporate insiders.

Hedge Funds Weigh In On Omnicom Group

Several institutional investors have recently modified their holdings of the company. Boston Partners grew its position in shares of Omnicom Group by 11.0% during the first quarter. Boston Partners now owns 3,874,857 shares of the business services provider's stock worth $374,795,000 after acquiring an additional 383,560 shares during the last quarter. Bank of New York Mellon Corp grew its position in shares of Omnicom Group by 37.0% during the second quarter. Bank of New York Mellon Corp now owns 3,307,882 shares of the business services provider's stock worth $296,717,000 after acquiring an additional 892,494 shares during the last quarter. Lazard Asset Management LLC grew its position in shares of Omnicom Group by 6.3% during the first quarter. Lazard Asset Management LLC now owns 2,787,675 shares of the business services provider's stock worth $269,734,000 after acquiring an additional 165,136 shares during the last quarter. Cooke & Bieler LP grew its position in shares of Omnicom Group by 4.8% during the second quarter. Cooke & Bieler LP now owns 2,399,651 shares of the business services provider's stock worth $215,249,000 after acquiring an additional 109,406 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its position in shares of Omnicom Group by 18.9% during the second quarter. Dimensional Fund Advisors LP now owns 2,293,095 shares of the business services provider's stock worth $205,682,000 after acquiring an additional 364,665 shares during the last quarter. 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.