Omnicom Group (NYSE:OMC) PT Raised to $119.00

Omnicom Group (NYSE:OMC) had its price target lifted by JPMorgan Chase & Co. from $118.00 to $119.00 in a note issued to investors on Wednesday, MarketBeat reports. The firm currently has an “overweight” rating on the business services provider’s stock. JPMorgan Chase & Co.‘s target price suggests a potential upside of 13.10% from the stock’s current price.

Other equities analysts also recently issued research reports about the stock. UBS Group boosted their target price on shares of Omnicom Group from $117.00 to $120.00 and gave the stock a “buy” rating in a report on Thursday, July 18th. Bank of America boosted their target price on shares of Omnicom Group from $87.00 to $89.00 and gave the stock an “underperform” rating in a report on Thursday, September 5th. Macquarie reaffirmed an “outperform” rating and issued a $110.00 price target on shares of Omnicom Group in a report on Wednesday, July 17th. Finally, Wells Fargo & Company downgraded Omnicom Group from an “overweight” rating to an “equal weight” rating and upped their price objective for the company from $106.00 to $110.00 in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, two have given a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, Omnicom Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $110.30.

Omnicom Group Stock Performance

OMC opened at $105.22 on Wednesday. The firm has a market cap of $20.61 billion, a P/E ratio of 14.22, a PEG ratio of 2.39 and a beta of 0.94. Omnicom Group has a 1-year low of $73.28 and a 1-year high of $106.51. The company has a 50 day simple moving average of $100.08 and a two-hundred day simple moving average of $95.22. The company has a debt-to-equity ratio of 1.31, a current ratio of 0.93 and a quick ratio of 0.81.

Omnicom Group (NYSE:OMC) last posted its quarterly earnings results on Tuesday, October 15th. The business services provider reported $2.03 EPS for the quarter, beating analysts’ consensus estimates of $2.02 by $0.01. The business had revenue of $3.88 billion for the quarter, compared to analysts’ expectations of $3.79 billion. Omnicom Group had a return on equity of 37.51% and a net margin of 9.55%. During the same period last year, the firm earned $1.86 earnings per share. Equities analysts forecast that Omnicom Group will post 7.88 earnings per share for the current fiscal year.

Insider Buying and Selling at Omnicom Group

In other news, VP Rochelle M. Tarlowe sold 3,000 shares of the firm’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $99.17, for a total value of $297,510.00. Following the completion of 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 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.30% of the stock is owned by insiders.

Institutional Trading of Omnicom Group

Several large investors have recently bought and sold shares of OMC. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Omnicom Group during the second quarter valued at $33,000. Innealta Capital LLC purchased a new position in shares of Omnicom Group in the second quarter worth about $33,000. Davis Capital Management acquired a new stake in shares of Omnicom Group during the third quarter worth about $36,000. Northwest Investment Counselors LLC purchased a new stake in Omnicom Group in the first quarter valued at approximately $50,000. Finally, Richardson Financial Services Inc. increased its holdings in Omnicom Group by 66.3% in the 2nd quarter. Richardson Financial Services Inc. now owns 562 shares of the business services provider’s stock worth $50,000 after buying an additional 224 shares during the period. Hedge funds and other 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.