Omnicom Group (NYSE:OMC - Get Free Report) had its price objective lowered by Wells Fargo & Company from $99.00 to $84.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage presently has an "equal weight" rating on the business services provider's stock. Wells Fargo & Company's price objective suggests a potential upside of 14.81% from the company's previous close.
Several other analysts also recently commented on the stock. UBS Group decreased their price objective on shares of Omnicom Group from $117.00 to $104.00 and set a "buy" rating on the stock in a research report on Thursday, March 20th. Citigroup restated a "buy" rating and issued a $103.00 price objective on shares of Omnicom Group in a research report on Tuesday. Argus downgraded Omnicom Group from a "buy" rating to a "hold" rating in a research note on Friday, February 14th. Barclays cut their price objective on shares of Omnicom Group from $121.00 to $110.00 and set an "overweight" rating for the company in a report on Friday, January 24th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Omnicom Group from $119.00 to $116.00 and set an "overweight" rating on the stock in a report on Monday, January 27th. One research analyst has rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat, Omnicom Group currently has a consensus rating of "Moderate Buy" and an average price target of $101.29.
View Our Latest Analysis on Omnicom Group
Omnicom Group Stock Up 2.7 %
Omnicom Group stock traded up $1.92 during mid-day trading on Wednesday, reaching $73.16. The stock had a trading volume of 3,692,159 shares, compared to its average volume of 2,174,802. The company has a market capitalization of $14.38 billion, a price-to-earnings ratio of 9.82, a PEG ratio of 1.94 and a beta of 0.87. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.00 and a quick ratio of 0.90. Omnicom Group has a one year low of $69.13 and a one year high of $107.00. The company has a 50-day moving average price of $79.57 and a two-hundred day moving average price of $89.47.
Omnicom Group (NYSE:OMC - Get Free Report) last posted its quarterly earnings results on Tuesday, April 15th. The business services provider reported $1.70 EPS for the quarter, beating analysts' consensus estimates of $1.63 by $0.07. Omnicom Group had a net margin of 9.44% and a return on equity of 36.39%. The firm had revenue of $3.69 billion for the quarter, compared to analysts' expectations of $3.73 billion. On average, analysts expect that Omnicom Group will post 8.25 EPS for the current fiscal year.
Institutional Trading of Omnicom Group
Several hedge funds have recently made changes to their positions in the business. ST Germain D J Co. Inc. bought a new stake in Omnicom Group during the fourth quarter worth approximately $25,000. Versant Capital Management Inc raised its stake in shares of Omnicom Group by 645.2% in the fourth quarter. Versant Capital Management Inc now owns 313 shares of the business services provider's stock valued at $27,000 after acquiring an additional 271 shares during the period. Venturi Wealth Management LLC lifted its holdings in shares of Omnicom Group by 146.6% in the 4th quarter. Venturi Wealth Management LLC now owns 328 shares of the business services provider's stock worth $28,000 after acquiring an additional 195 shares during the last quarter. Johnson Financial Group Inc. boosted its stake in shares of Omnicom Group by 153.8% during the 4th 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 boosted its stake in shares of Omnicom Group by 708.8% during the 4th quarter. CoreCap Advisors LLC now owns 461 shares of the business services provider's stock worth $40,000 after purchasing an additional 404 shares during the period. 91.97% of the stock is currently owned by hedge funds and other institutional investors.
About Omnicom Group
(
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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.
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