Omnicom Group Inc. (NYSE:OMC) Receives $96.43 Consensus Price Target from Analysts

Omnicom Group Inc. (NYSE:OMC) has been given an average recommendation of “Moderate Buy” by the eight research firms that are presently covering the company, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $96.43.

A number of brokerages have recently issued reports on OMC. UBS Group cut their price target on shares of Omnicom Group from $117.00 to $104.00 and set a “buy” rating for the company in a report on Thursday, March 20th. Bank of America upgraded Omnicom Group from an “underperform” rating to a “neutral” rating and set a $80.00 price objective for the company in a research report on Monday, June 23rd. Wells Fargo & Company reduced their target price on Omnicom Group from $99.00 to $84.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 16th. JPMorgan Chase & Co. lowered their price target on Omnicom Group from $116.00 to $104.00 and set an “overweight” rating for the company in a report on Wednesday, April 16th. Finally, Citigroup reaffirmed a “buy” rating and issued a $103.00 target price on shares of Omnicom Group in a research report on Tuesday, April 15th.

Omnicom Group Stock Down 0.4%

Shares of NYSE:OMC opened at $74.71 on Tuesday. Omnicom Group has a 52-week low of $68.37 and a 52-week high of $107.00. The stock has a market cap of $14.58 billion, a P/E ratio of 10.22, a PEG ratio of 1.65 and a beta of 0.92. The business has a fifty day moving average of $73.55 and a two-hundred day moving average of $79.12. The company has a quick ratio of 0.87, a current ratio of 1.01 and a debt-to-equity ratio of 1.24.

Omnicom Group (NYSE:OMC) last released its quarterly earnings data on Tuesday, April 15th. The business services provider reported $1.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.63 by $0.07. Omnicom Group had a net margin of 9.20% and a return on equity of 34.85%. The firm had revenue of $3.69 billion during the quarter, compared to analysts’ expectations of $3.73 billion. On average, research analysts expect that Omnicom Group will post 8.25 earnings per share for the current year.

Omnicom Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 9th. Investors of record on Tuesday, June 10th will be issued a $0.70 dividend. The ex-dividend date of this dividend is Tuesday, June 10th. This represents a $2.80 annualized dividend and a dividend yield of 3.75%. Omnicom Group’s dividend payout ratio is presently 38.30%.

Hedge Funds Weigh In On Omnicom Group

Hedge funds and other institutional investors have recently bought and sold shares of the company. Johnson Financial Group Inc. lifted its position in shares of Omnicom Group by 153.8% during the fourth quarter. Johnson Financial Group Inc. now owns 330 shares of the business services provider’s stock worth $29,000 after purchasing an additional 200 shares in the last quarter. Zions Bancorporation National Association UT purchased a new stake in Omnicom Group during the 1st quarter worth approximately $34,000. Gen Wealth Partners Inc purchased a new stake in Omnicom Group during the 1st quarter worth approximately $36,000. Versant Capital Management Inc lifted its holdings in Omnicom Group by 45.7% during the 1st quarter. Versant Capital Management Inc now owns 456 shares of the business services provider’s stock worth $38,000 after buying an additional 143 shares in the last quarter. Finally, CoreCap Advisors LLC boosted its position in Omnicom Group by 708.8% in the 4th quarter. CoreCap Advisors LLC now owns 461 shares of the business services provider’s stock valued at $40,000 after buying an additional 404 shares during the period. 91.97% of the stock is currently owned by hedge funds and other institutional investors.

About Omnicom Group

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.