Omnicom Group Given Consensus Rating of “Hold” by Brokerages (NYSE:OMC)
Omnicom Group (NYSE:OMC) has earned a consensus recommendation of “Hold” from the twenty ratings firms that are covering the stock, AnalystRatingsNetwork.com reports. Eleven investment analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 1-year price target among brokers that have covered the stock in the last year is $75.00.
A number of research firms have recently commented on OMC. Analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Omnicom Group in a research note on Tuesday, July 8th. They now have a $86.00 price target on the stock, up previously from $82.00. Separately, 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. Finally, 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.
Omnicom Group (NYSE:OMC) traded up 0.28% on Monday, hitting $71.47. 41,099 shares of the company’s stock traded hands. Omnicom Group has a 52 week low of $59.70 and a 52 week high of $76.87. The stock’s 50-day moving average is $71.15 and its 200-day moving average is $71.63. The company has a market cap of $18.471 billion and a P/E ratio of 19.15.
Omnicom Group (NYSE:OMC) last announced its earnings results on Tuesday, April 22nd. The company reported $0.80 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $0.76 earnings per share. The company’s revenue for the quarter was up 3.0% on a year-over-year basis. Analysts expect that Omnicom Group will post $4.14 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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