Omnicom Group Rating Increased to Conviction-Buy at Goldman Sachs Group Inc. (OMC)
Omnicom Group (NYSE:OMC) was upgraded by stock analysts at Goldman Sachs Group Inc. from a “buy” rating to a “conviction-buy” rating in a report issued on Tuesday, TheFlyOnTheWall.com reports.
A number of other analysts have also recently weighed in on OMC. Analysts at Ned Davis Research upgraded shares of Omnicom Group from a “neutral” rating to a “buy” rating in a research note to investors on Monday, January 6th. Separately, analysts at Jefferies Group raised their price target on shares of Omnicom Group from $55.00 to $72.10 in a research note to investors on Thursday, December 19th. Finally, analysts at Pivotal Research downgraded shares of Omnicom Group from a “buy” rating to a “hold” rating in a research note to investors on Wednesday, November 13th. They now have a $72.00 price target on the stock. Ten analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $68.36.
Omnicom Group (NYSE:OMC) opened at 71.51 on Tuesday. Omnicom Group has a one year low of $52.19 and a one year high of $74.78. The stock’s 50-day moving average is $71.55 and its 200-day moving average is $66.5. The company has a market cap of $18.404 billion and a price-to-earnings ratio of 19.74.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, January 16th. Stockholders of record on Friday, December 20th will be given a dividend of 0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 2.24%. The ex-dividend date of this dividend is Wednesday, December 18th.
Omnicom Group Inc (NYSE:OMC) is a holding company, providing professional services to clients through multiple agencies.
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