Omnicom Group (NYSE:OMC) Hits New 52-Week Low - What's Next?

Omnicom Group Inc. (NYSE:OMC - Get Free Report) reached a new 52-week low on Monday . The stock traded as low as $80.08 and last traded at $80.73, with a volume of 2577714 shares. The stock had previously closed at $82.76.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. JPMorgan Chase & Co. decreased their price target on Omnicom Group from $119.00 to $116.00 and set an "overweight" rating on the stock in a research note on Monday, January 27th. Barclays decreased their target price on Omnicom Group from $121.00 to $110.00 and set an "overweight" rating on the stock in a research report on Friday, January 24th. Macquarie reissued an "outperform" rating and issued a $120.00 target price on shares of Omnicom Group in a report on Wednesday, December 11th. Wells Fargo & Company decreased their price target on shares of Omnicom Group from $110.00 to $99.00 and set an "equal weight" rating on the stock in a report on Tuesday, December 10th. Finally, Argus cut shares of Omnicom Group from a "buy" rating to a "hold" rating in a research report on Friday, February 14th. One analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, Omnicom Group currently has an average rating of "Moderate Buy" and an average target price of $108.25.

Omnicom Group Stock Performance

The company's 50-day simple moving average is $84.45 and its 200-day simple moving average is $94.45. The stock has a market capitalization of $16.68 billion, a price-to-earnings ratio of 11.40, a PEG ratio of 1.94 and a beta of 0.98. The company has a current ratio of 1.00, a quick ratio of 0.90 and a debt-to-equity ratio of 1.27.

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Omnicom Group (NYSE:OMC - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The business services provider reported $2.41 earnings per share for the quarter, beating analysts' consensus estimates of $2.38 by $0.03. Omnicom Group had a return on equity of 36.39% and a net margin of 9.44%. During the same period in the prior year, the business earned $2.20 earnings per share. On average, analysts expect that Omnicom Group Inc. will post 8.25 EPS for the current year.

Omnicom Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Tuesday, March 11th will be issued a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 3.30%. The ex-dividend date of this dividend is Tuesday, March 11th. Omnicom Group's payout ratio is presently 37.58%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. ST Germain D J Co. Inc. bought a new position in Omnicom Group during the fourth quarter worth $25,000. Versant Capital Management Inc lifted its stake in shares of Omnicom Group by 645.2% in the 4th quarter. Versant Capital Management Inc now owns 313 shares of the business services provider's stock valued at $27,000 after purchasing an additional 271 shares during the period. Venturi Wealth Management LLC boosted its position in shares of Omnicom Group by 146.6% during the 4th quarter. Venturi Wealth Management LLC now owns 328 shares of the business services provider's stock valued at $28,000 after purchasing an additional 195 shares in the last quarter. Johnson Financial Group Inc. grew its stake in Omnicom Group by 153.8% during the fourth quarter. Johnson Financial Group Inc. now owns 330 shares of the business services provider's stock worth $29,000 after purchasing an additional 200 shares during the period. Finally, CoreCap Advisors LLC lifted its stake in Omnicom Group by 708.8% in the fourth quarter. CoreCap Advisors LLC now owns 461 shares of the business services provider's stock valued at $40,000 after buying an additional 404 shares during the period. Institutional investors own 91.97% of the company's stock.

Omnicom Group Company Profile

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.