Omnicom Group Given Overweight Rating at JPMorgan Chase & Co. (OMC)
Omnicom Group (NYSE:OMC)‘s stock had its “overweight” rating reaffirmed by research analysts at JPMorgan Chase & Co. in a report released on Tuesday. They currently have a $86.00 target price on the stock, up from their previous target price of $82.00. JPMorgan Chase & Co.’s target price would suggest a potential upside of 18.38% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Jefferies Group initiated coverage on shares of Omnicom Group in a research note on Thursday, June 26th. They set a “hold” rating on the stock. Separately, analysts at Albert Fried & Company upgraded shares of Omnicom Group from an “underweight” rating to a “market perform” rating in a research note on Thursday, May 29th. They now have a $76.00 price target on the stock, up previously from $56.00. Finally, analysts at Morgan Stanley initiated coverage on shares of Omnicom Group in a research note on Wednesday, May 28th. They set an “equal weight” rating and a $75.00 price target on the stock. Eleven equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Omnicom Group currently has a consensus rating of “Hold” and a consensus target price of $75.00.
Omnicom Group (NYSE:OMC) traded down 1.29% on Tuesday, hitting $71.71. 243,273 shares of the company’s stock traded hands. Omnicom Group has a one year low of $59.70 and a one year high of $76.87. The stock has a 50-day moving average of $70.75 and a 200-day moving average of $71.62. The company has a market cap of $18.533 billion and a price-to-earnings ratio of 19.52.
Omnicom Group (NYSE:OMC) last posted its quarterly earnings results 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. Analysts expect that Omnicom Group will post $4.15 EPS 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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