Omnicom Group Given Average Recommendation of “Buy” by Brokerages (NYSE:OMC)
Shares of Omnicom Group (NYSE:OMC) have earned a consensus rating of “Buy” from the eighteen ratings firms that are presently covering the company, Analyst RN reports. Eight equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $73.78.
OMC has been the subject of a number of recent research reports. Analysts at Trading Central downgraded shares of Omnicom Group from a “buy” rating to a “neutral” rating in a research note on Tuesday, April 15th. Separately, analysts at Ned Davis Research upgraded shares of Omnicom Group from a “neutral” rating to a “buy” rating in a research note on Monday, March 3rd. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Omnicom Group in a research note on Wednesday, February 12th. They now have a $77.00 price target on the stock.
Shares of Omnicom Group (NYSE:OMC) traded down 2.67% on Tuesday, hitting $69.584. The stock had a trading volume of 827,738 shares. Omnicom Group has a 52-week low of $58.47 and a 52-week high of $76.87. The stock’s 50-day moving average is $72.10 and its 200-day moving average is $71.20. The company has a market cap of $17.967 billion and a P/E ratio of 19.27.
Omnicom Group (NYSE:OMC) last issued its quarterly earnings data on Tuesday, April 22nd. The company reported $0.80 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.79 by $0.01. The company had revenue of $3.50 billion for the quarter, compared to the consensus estimate of $3.48 billion. During the same quarter in the prior year, the company posted $0.76 earnings per share. The company’s quarterly revenue was up 3.0% on a year-over-year basis. On average, analysts predict that Omnicom Group will post $4.08 earnings per share for the current fiscal year.
Omnicom Group Inc (NYSE:OMC) is a holding company, providing professional services to clients through multiple agencies.
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