Omnicom Group (NYSE:OMC) PT Raised to $108.00

Omnicom Group (NYSE:OMC) had its target price raised by research analysts at JPMorgan Chase & Co. from $104.00 to $108.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The brokerage presently has an “overweight” rating on the business services provider’s stock. JPMorgan Chase & Co.‘s price objective indicates a potential upside of 17.06% from the company’s previous close.

Several other research analysts have also issued reports on the company. Wells Fargo & Company upgraded Omnicom Group from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $91.00 to $106.00 in a research report on Wednesday. Barclays boosted their price target on Omnicom Group from $95.00 to $100.00 and gave the company an “equal weight” rating in a report on Monday, January 29th. StockNews.com upgraded Omnicom Group from a “hold” rating to a “buy” rating in a report on Thursday, April 4th. UBS Group started coverage on Omnicom Group in a report on Thursday, January 11th. They issued a “buy” rating and a $117.00 price target for the company. Finally, BNP Paribas upgraded Omnicom Group from a “neutral” rating to an “outperform” rating and set a $115.00 price target for the company in a report on Thursday, March 28th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $104.56.

Omnicom Group Trading Up 1.4 %

Shares of NYSE:OMC traded up $1.30 during trading hours on Wednesday, hitting $92.26. 2,449,028 shares of the company’s stock traded hands, compared to its average volume of 1,621,949. Omnicom Group has a 1 year low of $72.20 and a 1 year high of $99.23. The business has a fifty day moving average price of $91.13 and a 200-day moving average price of $85.09. The firm has a market capitalization of $18.19 billion, a P/E ratio of 13.30, a price-to-earnings-growth ratio of 2.17 and a beta of 0.97. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.95 and a quick ratio of 0.86.

Omnicom Group (NYSE:OMC) last announced its earnings results on Monday, February 5th. The business services provider reported $2.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.16 by $0.04. Omnicom Group had a return on equity of 39.07% and a net margin of 9.47%. The business had revenue of $4.06 billion during the quarter, compared to analyst estimates of $4 billion. During the same quarter in the previous year, the business earned $2.09 earnings per share. The company’s revenue for the quarter was up 5.0% compared to the same quarter last year. Equities analysts expect that Omnicom Group will post 7.73 earnings per share for the current year.

Insider Transactions at Omnicom Group

In other news, Director Linda Johnson Rice sold 507 shares of the company’s stock in a transaction on Friday, February 9th. The stock was sold at an average price of $86.66, for a total transaction of $43,936.62. Following the transaction, the director now directly owns 9,753 shares of the company’s stock, valued at $845,194.98. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 1.30% of the company’s stock.

Hedge Funds Weigh In On Omnicom Group

A number of large investors have recently made changes to their positions in the business. Pathstone Family Office LLC increased its position in shares of Omnicom Group by 0.8% during the fourth quarter. Pathstone Family Office LLC now owns 13,144 shares of the business services provider’s stock worth $1,084,000 after purchasing an additional 108 shares in the last quarter. Greenleaf Trust boosted its holdings in Omnicom Group by 0.5% in the fourth quarter. Greenleaf Trust now owns 22,329 shares of the business services provider’s stock valued at $1,932,000 after purchasing an additional 119 shares during the last quarter. Cambridge Trust Co. boosted its holdings in Omnicom Group by 4.2% in the fourth quarter. Cambridge Trust Co. now owns 2,981 shares of the business services provider’s stock valued at $258,000 after purchasing an additional 121 shares during the last quarter. Great Valley Advisor Group Inc. boosted its holdings in Omnicom Group by 2.6% in the fourth quarter. Great Valley Advisor Group Inc. now owns 4,955 shares of the business services provider’s stock valued at $428,000 after purchasing an additional 124 shares during the last quarter. Finally, Pinnacle Bancorp Inc. boosted its holdings in Omnicom Group by 61.6% in the fourth quarter. Pinnacle Bancorp Inc. now owns 328 shares of the business services provider’s stock valued at $28,000 after purchasing an additional 125 shares during the last quarter. 91.97% of the stock is owned by institutional investors and hedge funds.

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.