Omnicom Group Inc. (NYSE:OMC) Given Consensus Rating of “Moderate Buy” by Brokerages

Omnicom Group Inc. (NYSE:OMC) has been assigned an average recommendation of “Moderate Buy” from the nine research firms that are presently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $110.11.

Several brokerages have commented on OMC. Barclays lifted their price target on Omnicom Group from $110.00 to $121.00 and gave the stock an “overweight” rating in a research report on Thursday, October 17th. Macquarie boosted their price target on Omnicom Group from $110.00 to $120.00 and gave the company an “outperform” rating in a research note on Wednesday, October 16th. JPMorgan Chase & Co. lifted their price objective on Omnicom Group from $118.00 to $119.00 and gave the company an “overweight” rating in a research report on Wednesday, October 16th. Bank of America upped their price objective on Omnicom Group from $87.00 to $89.00 and gave the company an “underperform” rating in a report on Thursday, September 5th. Finally, UBS Group upped their price objective on Omnicom Group from $120.00 to $124.00 and gave the company a “buy” rating in a report on Wednesday, October 16th.

Insiders Place Their Bets

In other news, CAO Andrew Castellaneta sold 4,000 shares of the business’s stock in a transaction that occurred on Friday, October 18th. The shares were sold at an average price of $105.29, for a total value of $421,160.00. Following the completion of the sale, the chief accounting officer now directly owns 23,545 shares in the company, valued at approximately $2,479,053.05. The trade was a 14.52 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 1.30% of the company’s stock.

Institutional Trading of Omnicom Group

Several institutional investors have recently bought and sold shares of OMC. Quent Capital LLC boosted its holdings in Omnicom Group by 89.1% in the 1st quarter. Quent Capital LLC now owns 692 shares of the business services provider’s stock worth $67,000 after buying an additional 326 shares during the period. Acadian Asset Management LLC increased its holdings in Omnicom Group by 13,957.7% during the first quarter. Acadian Asset Management LLC now owns 54,122 shares of the business services provider’s stock valued at $5,234,000 after buying an additional 53,737 shares during the period. Covestor Ltd increased its holdings in Omnicom Group by 62.3% during the first quarter. Covestor Ltd now owns 1,771 shares of the business services provider’s stock valued at $171,000 after buying an additional 680 shares during the period. O Shaughnessy Asset Management LLC boosted its stake in Omnicom Group by 2.6% in the first quarter. O Shaughnessy Asset Management LLC now owns 104,302 shares of the business services provider’s stock valued at $10,092,000 after acquiring an additional 2,653 shares in the last quarter. Finally, Lake Street Advisors Group LLC boosted its stake in Omnicom Group by 12.8% in the first quarter. Lake Street Advisors Group LLC now owns 3,166 shares of the business services provider’s stock valued at $308,000 after acquiring an additional 359 shares in the last quarter. 91.97% of the stock is owned by hedge funds and other institutional investors.

Omnicom Group Price Performance

Shares of NYSE OMC opened at $102.38 on Monday. The firm has a market capitalization of $19.98 billion, a PE ratio of 13.99, a P/E/G ratio of 2.29 and a beta of 0.95. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.98 and a quick ratio of 0.86. Omnicom Group has a 1-year low of $78.90 and a 1-year high of $107.00. The business’s fifty day moving average price is $102.25 and its two-hundred day moving average price is $96.79.

Omnicom Group (NYSE:OMC) last announced its quarterly earnings data 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. Omnicom Group had a return on equity of 36.59% and a net margin of 9.45%. The firm had revenue of $3.88 billion during the quarter, compared to analyst estimates of $3.79 billion. During the same period last year, the company posted $1.86 EPS. On average, research analysts expect that Omnicom Group will post 7.94 EPS for the current year.

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.