Omnicom Group Inc. (NYSE:OMC) Receives $108.25 Average Price Target from Analysts

Shares of Omnicom Group Inc. (NYSE:OMC) have received an average rating of “Moderate Buy” from the eight research firms that are presently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $108.25.

A number of equities analysts have weighed in on the company. UBS Group lifted their price objective on Omnicom Group from $120.00 to $124.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. Barclays reduced their price target on Omnicom Group from $121.00 to $110.00 and set an “overweight” rating for the company in a research report on Friday, January 24th. JPMorgan Chase & Co. dropped their price objective on shares of Omnicom Group from $119.00 to $116.00 and set an “overweight” rating on the stock in a research note on Monday, January 27th. Macquarie reiterated an “outperform” rating and issued a $120.00 target price on shares of Omnicom Group in a research note on Wednesday, December 11th. Finally, Wells Fargo & Company dropped their price target on shares of Omnicom Group from $110.00 to $99.00 and set an “equal weight” rating on the stock in a research report on Tuesday, December 10th.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. Renaissance Technologies LLC purchased a new position in shares of Omnicom Group in the second quarter valued at approximately $1,606,000. The Manufacturers Life Insurance Company grew its holdings in shares of Omnicom Group by 1.0% during the second quarter. The Manufacturers Life Insurance Company now owns 137,327 shares of the business services provider’s stock worth $12,318,000 after buying an additional 1,421 shares in the last quarter. Creative Planning raised its position in shares of Omnicom Group by 5.0% in the second quarter. Creative Planning now owns 58,803 shares of the business services provider’s stock valued at $5,275,000 after buying an additional 2,787 shares during the last quarter. B. Riley Wealth Advisors Inc. lifted its stake in shares of Omnicom Group by 23.8% in the second quarter. B. Riley Wealth Advisors Inc. now owns 7,601 shares of the business services provider’s stock worth $687,000 after buying an additional 1,459 shares in the last quarter. Finally, EP Wealth Advisors LLC boosted its position in Omnicom Group by 4.4% during the second quarter. EP Wealth Advisors LLC now owns 5,151 shares of the business services provider’s stock worth $462,000 after acquiring an additional 216 shares during the last quarter. Institutional investors and hedge funds own 91.97% of the company’s stock.

Omnicom Group Stock Performance

Shares of OMC stock opened at $83.76 on Friday. The business’s fifty day simple moving average is $88.88 and its 200-day simple moving average is $96.01. The company has a current ratio of 0.98, a quick ratio of 0.86 and a debt-to-equity ratio of 1.37. Omnicom Group has a 12-month low of $81.42 and a 12-month high of $107.00. The company has a market cap of $16.46 billion, a PE ratio of 11.44, a PEG ratio of 1.89 and a beta of 0.97.

Omnicom Group (NYSE:OMC) last posted its quarterly earnings data on Tuesday, February 4th. The business services provider reported $2.41 EPS for the quarter, topping the consensus estimate of $2.38 by $0.03. Omnicom Group had a net margin of 9.45% and a return on equity of 36.59%. During the same quarter in the prior year, the company earned $2.20 earnings per share. Analysts expect that Omnicom Group will post 7.99 earnings per share for the current fiscal year.

Omnicom Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, January 10th. Stockholders of record on Friday, December 20th were given a $0.70 dividend. The ex-dividend date was Friday, December 20th. This represents a $2.80 annualized dividend and a dividend yield of 3.34%. Omnicom Group’s dividend payout ratio (DPR) is 37.58%.

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.