Omnicom Group (NYSE:OMC) Price Target Increased to $121.00 by Analysts at Barclays

Omnicom Group (NYSE:OMC) had its price target increased by Barclays from $110.00 to $121.00 in a report issued on Thursday, Benzinga reports. The brokerage currently has an overweight rating on the business services provider’s stock.

Several other equities research analysts have also recently commented on the company. Macquarie increased their price objective on Omnicom Group from $110.00 to $120.00 and gave the company an “outperform” rating in a research report on Wednesday. Wells Fargo & Company cut Omnicom Group from an “overweight” rating to an “equal weight” rating and increased their price objective for the company from $106.00 to $110.00 in a research report on Wednesday. UBS Group increased their target price on Omnicom Group from $120.00 to $124.00 and gave the company a “buy” rating in a report on Wednesday. JPMorgan Chase & Co. increased their target price on Omnicom Group from $118.00 to $119.00 and gave the company an “overweight” rating in a report on Wednesday. Finally, Bank of America increased their target price on Omnicom Group from $87.00 to $89.00 and gave the company an “underperform” rating in a report on Thursday, September 5th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Omnicom Group presently has an average rating of “Moderate Buy” and a consensus target price of $110.30.

Omnicom Group Price Performance

Shares of OMC stock opened at $105.22 on Thursday. The stock has a market cap of $20.61 billion, a price-to-earnings ratio of 14.22, a PEG ratio of 2.39 and a beta of 0.94. The business’s fifty day moving average is $100.08 and its 200 day moving average is $95.22. Omnicom Group has a twelve month low of $73.28 and a twelve month high of $106.51. The company has a quick ratio of 0.81, a current ratio of 0.93 and a debt-to-equity ratio of 1.31.

Omnicom Group (NYSE:OMC) last released its earnings results on Tuesday, October 15th. The business services provider reported $2.03 EPS for the quarter, topping analysts’ consensus estimates of $2.02 by $0.01. Omnicom Group had a return on equity of 37.51% and a net margin of 9.55%. The firm had revenue of $3.88 billion for the quarter, compared to analysts’ expectations of $3.79 billion. During the same period in the prior year, the firm posted $1.86 earnings per share. Research analysts expect that Omnicom Group will post 7.88 EPS for the current fiscal year.

Insider Transactions at Omnicom Group

In related news, VP Rochelle M. Tarlowe sold 3,000 shares of Omnicom Group stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $99.17, for a total transaction of $297,510.00. Following the sale, the vice president now owns 15,375 shares of the company’s stock, valued at approximately $1,524,738.75. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 1.30% of the company’s stock.

Institutional Trading of Omnicom Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Davis Capital Management purchased a new position in Omnicom Group during the 3rd quarter valued at approximately $36,000. Innealta Capital LLC purchased a new position in Omnicom Group during the 2nd quarter valued at approximately $33,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in Omnicom Group during the 2nd quarter valued at approximately $33,000. Northwest Investment Counselors LLC purchased a new position in Omnicom Group during the 1st quarter valued at approximately $50,000. Finally, Richardson Financial Services Inc. grew its holdings in Omnicom Group by 66.3% during the 2nd quarter. Richardson Financial Services Inc. now owns 562 shares of the business services provider’s stock valued at $50,000 after buying an additional 224 shares in the last quarter. Institutional investors own 91.97% of the company’s stock.

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.