Omnicom Group Inc. (NYSE:OMC) Receives $76.50 Consensus Target Price from Brokerages

Shares of Omnicom Group Inc. (NYSE:OMC) have earned an average recommendation of “Hold” from the twelve analysts that are currently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $76.50.

Several equities analysts have recently issued reports on OMC shares. Zacks Investment Research upgraded Omnicom Group from a “hold” rating to a “buy” rating and set a $78.00 price objective for the company in a research report on Thursday, July 22nd. Morgan Stanley cut their target price on shares of Omnicom Group from $79.00 to $76.00 and set an “underweight” rating on the stock in a research note on Wednesday, July 21st.

Shares of OMC stock traded up $1.46 during mid-day trading on Friday, hitting $73.90. 60,085 shares of the company’s stock were exchanged, compared to its average volume of 1,745,489. Omnicom Group has a fifty-two week low of $44.50 and a fifty-two week high of $86.38. The stock has a market cap of $15.84 billion, a price-to-earnings ratio of 11.65, a PEG ratio of 1.43 and a beta of 0.92. The company has a quick ratio of 0.92, a current ratio of 1.00 and a debt-to-equity ratio of 1.38. The stock has a 50-day simple moving average of $73.38 and a two-hundred day simple moving average of $77.71.

Omnicom Group (NYSE:OMC) last announced its earnings results on Monday, July 19th. The business services provider reported $1.46 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.38 by $0.08. Omnicom Group had a return on equity of 35.92% and a net margin of 9.65%. The business had revenue of $3.57 billion for the quarter, compared to analyst estimates of $3.29 billion. During the same period in the previous year, the company earned $0.90 earnings per share. The company’s revenue for the quarter was up 27.5% compared to the same quarter last year. As a group, analysts anticipate that Omnicom Group will post 6.14 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 12th. Shareholders of record on Tuesday, September 21st will be paid a $0.70 dividend. The ex-dividend date of this dividend is Monday, September 20th. This represents a $2.80 annualized dividend and a yield of 3.79%. Omnicom Group’s payout ratio is currently 55.45%.

Hedge funds have recently made changes to their positions in the stock. E Fund Management Co. Ltd. acquired a new position in Omnicom Group in the 1st quarter valued at approximately $28,000. Denali Advisors LLC bought a new position in Omnicom Group during the second quarter worth $32,000. Heritage Wealth Advisors lifted its stake in shares of Omnicom Group by 185.2% in the second quarter. Heritage Wealth Advisors now owns 599 shares of the business services provider’s stock valued at $37,000 after buying an additional 389 shares in the last quarter. AGF Investments LLC raised its holdings in shares of Omnicom Group by 122.7% in the first quarter. AGF Investments LLC now owns 519 shares of the business services provider’s stock valued at $38,000 after purchasing an additional 286 shares during the last quarter. Finally, Arkadios Wealth Advisors raised its holdings in shares of Omnicom Group by 58.8% in the second quarter. Arkadios Wealth Advisors now owns 486 shares of the business services provider’s stock valued at $38,000 after purchasing an additional 180 shares during the last quarter. 90.39% of the stock is owned by institutional investors and hedge funds.

Omnicom Group Company Profile

Omnicom Group, Inc is a holding company, which engages in the management and provision of advertising agencies. The firm offers marketing and corporate communications services. Its agency networks operates in the advertising, marketing, and corporate communications services industry, which are organized into regions, such as the Americas, EMEA and Asia-Pacific.

Recommended Story: Trade Deficit

Analyst Recommendations for Omnicom Group (NYSE:OMC)

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