Omnicom Group (NYSE:OMC) Price Target Lowered to $104.00 at UBS Group

Omnicom Group (NYSE:OMC - Get Free Report) had its price target cut by UBS Group from $117.00 to $104.00 in a research note issued to investors on Thursday,Benzinga reports. The firm currently has a "buy" rating on the business services provider's stock. UBS Group's price objective suggests a potential upside of 30.90% from the stock's previous close.

Other research analysts have also recently issued reports about the company. Barclays reduced their price objective on Omnicom Group from $121.00 to $110.00 and set an "overweight" rating for the company in a research note on Friday, January 24th. Wells Fargo & Company reduced their target price on Omnicom Group from $110.00 to $99.00 and set an "equal weight" rating for the company in a research note on Tuesday, December 10th. JPMorgan Chase & Co. lowered their price objective on Omnicom Group from $119.00 to $116.00 and set an "overweight" rating on the stock in a report on Monday, January 27th. Argus lowered shares of Omnicom Group from a "buy" rating to a "hold" rating in a report on Friday, February 14th. Finally, Macquarie restated an "outperform" rating and issued a $120.00 price target on shares of Omnicom Group in a research report on Wednesday, December 11th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $105.75.

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Omnicom Group Stock Down 2.1 %

NYSE:OMC traded down $1.69 during trading hours on Thursday, reaching $79.45. The company's stock had a trading volume of 3,727,417 shares, compared to its average volume of 1,919,560. The company has a market capitalization of $15.61 billion, a P/E ratio of 10.66, a price-to-earnings-growth ratio of 1.94 and a beta of 0.98. 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 has a 12 month low of $78.69 and a 12 month high of $107.00. The stock has a 50 day moving average price of $83.62 and a two-hundred day moving average price of $92.94.

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

Hedge Funds Weigh In On Omnicom Group

Hedge funds have recently made changes to their positions in the stock. ST Germain D J Co. Inc. acquired a new stake in shares of Omnicom Group during the fourth quarter worth about $25,000. Versant Capital Management Inc increased its stake in Omnicom Group by 645.2% during the 4th quarter. Versant Capital Management Inc now owns 313 shares of the business services provider's stock worth $27,000 after buying an additional 271 shares during the period. Venturi Wealth Management LLC lifted its holdings in Omnicom Group by 146.6% during the 4th 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 in the last quarter. Johnson Financial Group Inc. boosted its position in Omnicom Group by 153.8% in the 4th quarter. Johnson Financial Group Inc. now owns 330 shares of the business services provider's stock valued at $29,000 after buying an additional 200 shares during the period. Finally, CoreCap Advisors LLC grew its stake in shares of Omnicom Group by 708.8% in the fourth quarter. CoreCap Advisors LLC now owns 461 shares of the business services provider's stock worth $40,000 after acquiring an additional 404 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.