UBS Group Lowers Omnicom Group (NYSE:OMC) Price Target to $104.00

Omnicom Group (NYSE:OMC) had its price objective lowered by equities researchers at UBS Group from $117.00 to $104.00 in a report issued on Thursday,Benzinga reports. The firm presently has a “buy” rating on the business services provider’s stock. UBS Group’s price target points to a potential upside of 27.32% from the stock’s previous close.

OMC has been the subject of several other research reports. Macquarie reissued an “outperform” rating and set a $120.00 target price on shares of Omnicom Group in a research note on Wednesday, December 11th. Barclays lowered their price objective on Omnicom Group from $121.00 to $110.00 and set an “overweight” rating for the company in a research note on Friday, January 24th. JPMorgan Chase & Co. lowered their price objective on Omnicom Group from $119.00 to $116.00 and set an “overweight” rating for the company in a research note on Monday, January 27th. Wells Fargo & Company lowered their price objective on Omnicom Group from $110.00 to $99.00 and set an “equal weight” rating for the company in a research note on Tuesday, December 10th. Finally, Argus downgraded Omnicom Group from a “buy” rating to a “hold” rating in a research note on Friday, February 14th. One analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $105.75.

Omnicom Group Price Performance

NYSE OMC traded up $0.19 during trading on Thursday, hitting $81.68. 343,926 shares of the company’s stock were exchanged, compared to its average volume of 1,856,710. The company has a current ratio of 1.00, a quick ratio of 0.90 and a debt-to-equity ratio of 1.27. The company has a market cap of $16.05 billion, a PE ratio of 10.96, a P/E/G ratio of 1.94 and a beta of 0.98. Omnicom Group has a fifty-two week low of $78.69 and a fifty-two week high of $107.00. The stock’s 50 day moving average price is $83.78 and its two-hundred day moving average price is $93.39.

Omnicom Group (NYSE:OMC) last issued its earnings results 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 return on equity of 36.39% and a net margin of 9.44%. During the same quarter in the prior year, the business earned $2.20 earnings per share. Research analysts expect that Omnicom Group will post 8.25 EPS for the current year.

Institutional Trading of Omnicom Group

Institutional investors have recently added to or reduced their stakes in the stock. ST Germain D J Co. Inc. bought a new stake in Omnicom Group in the fourth quarter valued at approximately $25,000. Versant Capital Management Inc boosted its holdings in Omnicom Group by 645.2% in the fourth quarter. Versant Capital Management Inc now owns 313 shares of the business services provider’s stock valued at $27,000 after acquiring an additional 271 shares during the last quarter. Venturi Wealth Management LLC boosted its holdings in Omnicom Group by 146.6% in the fourth quarter. Venturi Wealth Management LLC now owns 328 shares of the business services provider’s stock valued at $28,000 after acquiring an additional 195 shares during the last quarter. Johnson Financial Group Inc. boosted its holdings in Omnicom Group by 153.8% in the fourth quarter. Johnson Financial Group Inc. now owns 330 shares of the business services provider’s stock valued at $29,000 after acquiring an additional 200 shares during the last quarter. Finally, CoreCap Advisors LLC boosted its holdings in Omnicom Group by 708.8% in the fourth quarter. CoreCap Advisors LLC now owns 461 shares of the business services provider’s stock valued at $40,000 after acquiring an additional 404 shares during the last quarter. 91.97% of the stock is currently owned by institutional investors.

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.