Omnicom Group Inc. (NYSE:OMC) Given Consensus Recommendation of “Hold” by Brokerages

Omnicom Group Inc. (NYSE:OMCGet Free Report) has been given a consensus rating of “Hold” by the nine analysts that are currently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $99.22.

A number of equities analysts recently commented on the company. UBS Group assumed coverage on Omnicom Group in a research note on Thursday, January 11th. They set a “buy” rating and a $117.00 price target for the company. Barclays raised their price objective on Omnicom Group from $95.00 to $100.00 and gave the company an “equal weight” rating in a research note on Monday, January 29th. Wells Fargo & Company raised their price objective on Omnicom Group from $85.00 to $91.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 7th. Macquarie raised Omnicom Group from a “neutral” rating to an “outperform” rating and raised their price objective for the company from $80.00 to $100.00 in a research note on Friday, January 5th. Finally, JPMorgan Chase & Co. lowered their price objective on Omnicom Group from $106.00 to $104.00 and set an “overweight” rating for the company in a research note on Wednesday, February 7th.

Get Our Latest Stock Report on Omnicom Group

Insiders Place Their Bets

In other news, Director Linda Johnson Rice sold 507 shares of the business’s stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $86.66, for a total value of $43,936.62. Following the completion of the transaction, the director now owns 9,753 shares of the company’s stock, valued at approximately $845,194.98. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 1.30% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Omnicom Group

Several institutional investors and hedge funds have recently modified their holdings of the stock. BlackRock Inc. increased its stake in shares of Omnicom Group by 4.2% in the 2nd quarter. BlackRock Inc. now owns 18,744,473 shares of the business services provider’s stock valued at $1,783,537,000 after purchasing an additional 749,118 shares in the last quarter. State Street Corp increased its stake in shares of Omnicom Group by 3.1% in the 2nd quarter. State Street Corp now owns 11,303,089 shares of the business services provider’s stock valued at $1,083,214,000 after purchasing an additional 337,392 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Omnicom Group by 5.1% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 7,434,922 shares of the business services provider’s stock valued at $631,076,000 after purchasing an additional 362,985 shares in the last quarter. Massachusetts Financial Services Co. MA increased its stake in shares of Omnicom Group by 8.6% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 4,745,400 shares of the business services provider’s stock valued at $353,437,000 after purchasing an additional 374,874 shares in the last quarter. Finally, Beutel Goodman & Co Ltd. increased its stake in shares of Omnicom Group by 1.6% in the 2nd quarter. Beutel Goodman & Co Ltd. now owns 4,712,072 shares of the business services provider’s stock valued at $448,353,000 after purchasing an additional 72,036 shares in the last quarter. Institutional investors and hedge funds own 92.71% of the company’s stock.

Omnicom Group Price Performance

Shares of Omnicom Group stock opened at $92.26 on Wednesday. The stock has a 50 day moving average of $89.21 and a 200 day moving average of $82.55. Omnicom Group has a 12 month low of $72.20 and a 12 month high of $99.23. The firm has a market cap of $18.27 billion, a PE ratio of 13.33, a PEG ratio of 2.71 and a beta of 0.96. The company has a current ratio of 0.95, a quick ratio of 0.86 and a debt-to-equity ratio of 1.16.

Omnicom Group (NYSE:OMCGet Free Report) last announced its quarterly earnings results on Monday, February 5th. The business services provider reported $2.20 EPS for the quarter, beating analysts’ consensus estimates of $2.16 by $0.04. Omnicom Group had a return on equity of 39.07% and a net margin of 9.47%. The company had revenue of $4.06 billion during the quarter, compared to analyst estimates of $4 billion. During the same period in the prior year, the company earned $2.09 earnings per share. The firm’s revenue was up 5.0% on a year-over-year basis. On average, research analysts expect that Omnicom Group will post 7.64 EPS for the current fiscal year.

Omnicom Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 9th. Shareholders of record on Monday, March 11th will be issued a dividend of $0.70 per share. The ex-dividend date is Friday, March 8th. This represents a $2.80 annualized dividend and a yield of 3.03%. Omnicom Group’s payout ratio is currently 40.46%.

Omnicom Group Company Profile

(Get Free Report

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.

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Analyst Recommendations for Omnicom Group (NYSE:OMC)

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