Omnicom Group Given Consensus Recommendation of “Hold” by Brokerages (NYSE:OMC)
Omnicom Group (NYSE:OMC) has been given a consensus rating of “Hold” by the nineteen ratings firms that are currently covering the company, StockRatingsNetwork.com reports. One analyst has rated the stock with a sell recommendation, nine have issued a hold recommendation and six have assigned a buy recommendation to the company. The average 1-year target price among brokers that have covered the stock in the last year is $77.15.
Omnicom Group (NYSE:OMC) opened at 71.81 on Friday. Omnicom Group has a 52-week low of $59.70 and a 52-week high of $76.87. The stock has a 50-day moving average of $71.60 and a 200-day moving average of $71.31. The company has a market cap of $18.036 billion and a price-to-earnings ratio of 18.68.
Omnicom Group (NYSE:OMC) last released its earnings data on Tuesday, July 22nd. The company reported $1.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.16 by $0.07. The company had revenue of $3.87 billion for the quarter, compared to the consensus estimate of $3.80 billion. During the same quarter in the previous year, the company posted $1.09 earnings per share. The company’s revenue for the quarter was up 6.4% on a year-over-year basis. Analysts expect that Omnicom Group will post $4.18 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, October 8th. Investors of record on Tuesday, September 23rd will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 2.79%. The ex-dividend date of this dividend is Friday, September 19th.
A number of analysts have recently weighed in on OMC shares. Analysts at Citigroup Inc. initiated coverage on shares of Omnicom Group in a research note on Monday, July 28th. They set a “sell” rating on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Omnicom Group in a research note on Thursday, July 24th. They now have a $76.00 price target on the stock. Finally, analysts at Wedbush raised their price target on shares of Omnicom Group from $70.00 to $78.00 in a research note on Wednesday, July 16th.
Omnicom Group Inc (NYSE:OMC), is a holding company, providing professional services to clients through multiple agencies.
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