Omnicom Group (NYSE:OMC) Given New $120.00 Price Target at Macquarie

Omnicom Group (NYSE:OMC) had its price target lifted by Macquarie from $110.00 to $120.00 in a research report report published on Wednesday, Benzinga reports. The firm currently has an outperform rating on the business services provider’s stock.

OMC has been the subject of a number of other reports. Bank of America boosted their target price on Omnicom Group from $87.00 to $89.00 and gave the company an “underperform” rating in a research note on Thursday, September 5th. JPMorgan Chase & Co. increased their target price on Omnicom Group from $118.00 to $119.00 and gave the stock an “overweight” rating in a research note on Wednesday. UBS Group lifted their price target on shares of Omnicom Group from $120.00 to $124.00 and gave the company a “buy” rating in a research note on Wednesday. Finally, Wells Fargo & Company downgraded shares of Omnicom Group from an “overweight” rating to an “equal weight” rating and increased their price objective for the stock 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 assigned a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, Omnicom Group has a consensus rating of “Moderate Buy” and a consensus target price of $109.20.

Omnicom Group Trading Up 1.4 %

OMC stock opened at $105.49 on Wednesday. The company has a quick ratio of 0.81, a current ratio of 0.93 and a debt-to-equity ratio of 1.31. Omnicom Group has a twelve month low of $73.28 and a twelve month high of $105.93. The company has a market cap of $20.66 billion, a P/E ratio of 14.26, a PEG ratio of 2.39 and a beta of 0.94. The business has a fifty day moving average of $99.85 and a 200-day moving average of $95.15.

Omnicom Group (NYSE:OMC) last released its earnings results on Tuesday, October 15th. The business services provider reported $2.03 EPS for the quarter, topping analysts’ consensus estimates of $2.02 by $0.01. The firm had revenue of $3.88 billion during the quarter, compared to analyst estimates of $3.79 billion. Omnicom Group had a net margin of 9.55% and a return on equity of 37.51%. During the same quarter in the previous year, the business earned $1.86 EPS. As a group, equities research analysts expect that Omnicom Group will post 7.88 EPS for the current year.

Insider Activity

In other Omnicom Group news, VP Rochelle M. Tarlowe sold 3,000 shares of the company’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $99.17, for a total value of $297,510.00. Following the sale, the vice president now owns 15,375 shares in the company, valued at approximately $1,524,738.75. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In related news, Director Linda Johnson Rice sold 488 shares of the company’s stock in a transaction dated Friday, July 19th. The stock was sold at an average price of $90.88, for a total transaction of $44,349.44. Following the sale, the director now owns 10,356 shares in the company, valued at $941,153.28. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Rochelle M. Tarlowe sold 3,000 shares of the stock in a transaction that occurred 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 transaction, the vice president now owns 15,375 shares in the company, valued at $1,524,738.75. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.30% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in OMC. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Omnicom Group during the second quarter worth $33,000. Innealta Capital LLC acquired a new position in shares of Omnicom Group during the second quarter valued at about $33,000. Davis Capital Management bought a new stake in shares of Omnicom Group during the third quarter worth about $36,000. Northwest Investment Counselors LLC acquired a new stake in shares of Omnicom Group in the 1st quarter worth about $50,000. Finally, Richardson Financial Services Inc. lifted its position 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 valued at $50,000 after acquiring an additional 224 shares in the last quarter. 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.