Omnicom Group Inc. (NYSE:OMC) Given Average Rating of "Moderate Buy" by Brokerages

Shares of Omnicom Group Inc. (NYSE:OMC - Get Free Report) have earned an average recommendation of "Moderate Buy" from the nine analysts that are covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $110.11.

A number of analysts have commented on OMC shares. JPMorgan Chase & Co. lifted their target price on shares of Omnicom Group from $118.00 to $119.00 and gave the stock an "overweight" rating in a report on Wednesday, October 16th. Barclays boosted their price objective 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. UBS Group upped their price target on shares of Omnicom Group from $120.00 to $124.00 and gave the company a "buy" rating in a research note on Wednesday, October 16th. Bank of America increased their target price on shares of Omnicom Group from $87.00 to $89.00 and gave the stock an "underperform" rating in a research report on Thursday, September 5th. Finally, Macquarie increased their target price on shares of Omnicom Group from $110.00 to $120.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 16th.

Insider Activity

In other news, VP Rochelle M. Tarlowe sold 3,000 shares of the firm's stock in a transaction dated 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 $1,524,738.75. This trade represents a 16.33 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Andrew Castellaneta sold 4,000 shares of the firm's stock in a transaction that occurred on Friday, October 18th. The stock was sold at an average price of $105.29, for a total transaction of $421,160.00. Following the completion of the transaction, the chief accounting officer now directly owns 23,545 shares in the company, valued at approximately $2,479,053.05. The trade was a 14.52 % decrease in their position. The disclosure for this sale can be found here. 1.30% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Omnicom Group

Several institutional investors and hedge funds have recently modified their holdings of OMC. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Omnicom Group in the second quarter worth about $33,000. Innealta Capital LLC acquired a new position in Omnicom Group in the 2nd quarter worth approximately $33,000. Northwest Investment Counselors LLC purchased a new stake in Omnicom Group in the 3rd quarter worth approximately $33,000. Davis Capital Management purchased a new stake in Omnicom Group in the 3rd quarter worth approximately $36,000. Finally, HM Payson & Co. boosted its position in 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 purchasing an additional 169 shares in the last quarter. Institutional investors own 91.97% of the company's stock.

Omnicom Group Stock Performance

Shares of NYSE:OMC traded up $2.18 during midday trading on Monday, hitting $99.04. The company's stock had a trading volume of 1,469,980 shares, compared to its average volume of 1,551,077. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.86 and a current ratio of 0.98. The stock's 50 day simple moving average is $102.16 and its 200 day simple moving average is $96.56. Omnicom Group has a fifty-two week low of $78.28 and a fifty-two week high of $107.00. The stock has a market capitalization of $19.32 billion, a price-to-earnings ratio of 13.23, a PEG ratio of 2.18 and a beta of 0.95.

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 analysts' expectations 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 last year, the company earned $1.86 earnings per share. As a group, research analysts anticipate that Omnicom Group will post 7.94 earnings per share for the current year.

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.