Omnicom Group Inc. (OMC) Receives Average Recommendation of “Hold” from Analysts

Omnicom Group Inc. (NYSE:OMC) has received a consensus recommendation of “Hold” from the seventeen analysts that are currently covering the stock, Marketbeat reports. Three research analysts have rated the stock with a sell rating, twelve have given a hold rating and two have given a buy rating to the company. The average 1-year target price among analysts that have covered the stock in the last year is $84.14.

Several brokerages have recently commented on OMC. BMO Capital Markets restated a “hold” rating and issued a $85.00 price objective on shares of Omnicom Group in a report on Wednesday. Morgan Stanley lowered shares of Omnicom Group from an “equal weight” rating to an “underweight” rating and set a $72.00 price objective on the stock. in a report on Monday. Zacks Investment Research upgraded shares of Omnicom Group from a “hold” rating to a “buy” rating and set a $83.00 price objective on the stock in a report on Friday, October 13th. Credit Suisse Group decreased their price objective on shares of Omnicom Group from $79.00 to $78.00 and set a “neutral” rating on the stock in a report on Wednesday, October 11th. Finally, Jefferies Group LLC restated a “hold” rating and issued a $82.00 price objective on shares of Omnicom Group in a report on Thursday, September 21st.

COPYRIGHT VIOLATION NOTICE: “Omnicom Group Inc. (OMC) Receives Average Recommendation of “Hold” from Analysts” was reported by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are accessing this piece of content on another website, it was copied illegally and reposted in violation of U.S. & international copyright and trademark legislation. The original version of this piece of content can be accessed at https://www.dispatchtribunal.com/2017/10/27/omnicom-group-inc-omc-receives-average-recommendation-of-hold-from-analysts.html.

Shares of Omnicom Group (NYSE:OMC) opened at 75.59 on Wednesday. Omnicom Group has a 52 week low of $71.63 and a 52 week high of $89.66. The firm has a 50-day moving average of $73.93 and a 200 day moving average of $79.93. The company has a market cap of $17.44 billion, a P/E ratio of 15.26 and a beta of 1.28.

Omnicom Group (NYSE:OMC) last posted its quarterly earnings results on Tuesday, October 17th. The business services provider reported $1.13 earnings per share for the quarter, beating the consensus estimate of $1.10 by $0.03. Omnicom Group had a net margin of 7.61% and a return on equity of 42.54%. The business had revenue of $3.72 billion during the quarter, compared to analysts’ expectations of $3.69 billion. During the same quarter in the prior year, the company posted $1.06 EPS. The business’s revenue for the quarter was down 1.9% on a year-over-year basis. Equities analysts expect that Omnicom Group will post $5.09 EPS for the current fiscal year.

In other Omnicom Group news, Treasurer Dennis E. Hewitt sold 900 shares of the stock in a transaction that occurred on Wednesday, July 26th. The shares were sold at an average price of $79.11, for a total transaction of $71,199.00. Following the sale, the treasurer now directly owns 44,161 shares in the company, valued at approximately $3,493,576.71. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Linda Johnson Rice sold 483 shares of the stock in a transaction that occurred on Monday, July 24th. The stock was sold at an average price of $82.19, for a total transaction of $39,697.77. Following the sale, the director now owns 7,724 shares in the company, valued at $634,835.56. The disclosure for this sale can be found here. 1.10% of the stock is owned by corporate insiders.

Institutional investors have recently added to or reduced their stakes in the business. Jensen Investment Management Inc. lifted its holdings in Omnicom Group by 11.3% during the 2nd quarter. Jensen Investment Management Inc. now owns 3,498,755 shares of the business services provider’s stock worth $290,047,000 after buying an additional 354,285 shares in the last quarter. Homrich & Berg lifted its holdings in Omnicom Group by 10.3% during the 2nd quarter. Homrich & Berg now owns 8,160 shares of the business services provider’s stock worth $676,000 after buying an additional 762 shares in the last quarter. Comgest Global Investors S.A.S. lifted its holdings in Omnicom Group by 2.2% during the 2nd quarter. Comgest Global Investors S.A.S. now owns 136,500 shares of the business services provider’s stock worth $11,316,000 after buying an additional 3,000 shares in the last quarter. Chatham Capital Group Inc. lifted its holdings in Omnicom Group by 2.7% during the 2nd quarter. Chatham Capital Group Inc. now owns 111,375 shares of the business services provider’s stock worth $9,233,000 after buying an additional 2,965 shares in the last quarter. Finally, Bronfman E.L. Rothschild L.P. lifted its holdings in Omnicom Group by 60.4% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 10,204 shares of the business services provider’s stock worth $846,000 after buying an additional 3,842 shares in the last quarter. Institutional investors own 98.57% of the company’s stock.

About Omnicom Group

Omnicom Group Inc is a holding company. The Company provides advertising, marketing and corporate communications services. The Company’s branded networks and agencies operate in all markets around the world and provide a range of services, which it groups into four disciplines: advertising, customer relationship management (CRM), public relations and specialty communications.

Analyst Recommendations for Omnicom Group (NYSE:OMC)

Receive News & Ratings for Omnicom Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Omnicom Group Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply