Omnicom Group (OMC) Receives $82.50 Average Price Target from Brokerages

Omnicom Group (NYSE:OMC) has earned an average recommendation of “Hold” from the twenty analysts that are presently covering the company, MarketBeat reports. Three investment analysts have rated the stock with a sell recommendation, thirteen have issued a hold recommendation and three have given a buy recommendation to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $82.50.

A number of equities analysts have commented on the company. Pivotal Research decreased their price target on Omnicom Group from $75.00 to $72.00 and set a “hold” rating on the stock in a research note on Tuesday, April 3rd. Zacks Investment Research cut Omnicom Group from a “buy” rating to a “hold” rating in a research note on Monday, March 26th. Barclays reissued a “hold” rating and set a $81.00 target price on shares of Omnicom Group in a research note on Thursday, January 25th. ValuEngine cut Omnicom Group from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Finally, TheStreet raised Omnicom Group from a “c+” rating to a “b-” rating in a research note on Tuesday, February 13th.

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In related news, Treasurer Dennis E. Hewitt sold 2,000 shares of the company’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $77.38, for a total value of $154,760.00. Following the sale, the treasurer now directly owns 42,561 shares of the company’s stock, valued at $3,293,370.18. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.10% of the stock is owned by corporate insiders.

A number of hedge funds have recently modified their holdings of OMC. Dimensional Fund Advisors LP grew its stake in Omnicom Group by 2.4% in the third quarter. Dimensional Fund Advisors LP now owns 918,998 shares of the business services provider’s stock worth $68,071,000 after purchasing an additional 21,846 shares during the period. Nomura Asset Management Co. Ltd. grew its stake in Omnicom Group by 6.6% in the third quarter. Nomura Asset Management Co. Ltd. now owns 30,966 shares of the business services provider’s stock worth $2,294,000 after purchasing an additional 1,911 shares during the period. Oppenheimer Asset Management Inc. boosted its holdings in Omnicom Group by 21.9% in the third quarter. Oppenheimer Asset Management Inc. now owns 13,556 shares of the business services provider’s stock worth $1,004,000 after acquiring an additional 2,435 shares in the last quarter. Vident Investment Advisory LLC bought a new stake in Omnicom Group in the third quarter worth $514,000. Finally, Caxton Associates LP bought a new stake in Omnicom Group in the third quarter worth $607,000. 98.62% of the stock is currently owned by institutional investors.

Omnicom Group stock traded up $0.21 during trading hours on Wednesday, reaching $71.86. The company had a trading volume of 1,832,509 shares, compared to its average volume of 1,765,657. The company has a debt-to-equity ratio of 1.56, a current ratio of 0.93 and a quick ratio of 0.86. The stock has a market capitalization of $16,498.67, a P/E ratio of 14.19, a price-to-earnings-growth ratio of 2.20 and a beta of 1.16. Omnicom Group has a 12-month low of $65.32 and a 12-month high of $86.71.

Omnicom Group (NYSE:OMC) last announced its quarterly earnings results on Thursday, February 15th. The business services provider reported $1.55 EPS for the quarter, topping the Zacks’ consensus estimate of $1.54 by $0.01. The business had revenue of $4.18 billion for the quarter, compared to analysts’ expectations of $4.21 billion. Omnicom Group had a return on equity of 40.67% and a net margin of 7.12%. The business’s quarterly revenue was down 1.5% on a year-over-year basis. During the same period in the previous year, the firm earned $1.47 EPS. sell-side analysts expect that Omnicom Group will post 5.61 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Monday, April 9th. Investors of record on Friday, March 9th were paid a $0.60 dividend. The ex-dividend date was Thursday, March 8th. This represents a $2.40 annualized dividend and a yield of 3.34%. Omnicom Group’s payout ratio is 47.06%.

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Omnicom Group Company Profile

Omnicom Group Inc, together with its subsidiaries, provides advertising, marketing, and corporate communications services. The company offers a range of services in the areas of advertising, customer relationship management, public relations, and healthcare. Its services comprises advertising, branding, content marketing, corporate social responsibility consulting, crisis communication, custom publishing, data analytics, database management, digital/direct marketing, digital transformation, financial/corporate business-to-business advertising, graphic arts/digital imaging, healthcare marketing and communications, and instore design services.

Analyst Recommendations for Omnicom Group (NYSE:OMC)

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