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Investment analysts at Nomura assumed coverage on shares of Omnicom Group (NYSE:OMC) in a note issued to investors on Thursday, TheFlyOnTheWall.com reports. The firm set a “neutral” rating and a $77.00 price target on the stock. Nomura’s price target suggests a potential upside of 6.49% from the stock’s previous close. The analysts noted that the move was a valuation call.

Shares of Omnicom Group (NYSE:OMC) traded down 0.12% on Thursday, hitting $72.22. The stock had a trading volume of 285,045 shares. 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 $71.60 and a 200-day moving average of $71.31. The company has a market cap of $18.139 billion and a price-to-earnings ratio of 18.73.

Omnicom Group (NYSE:OMC) last posted its quarterly earnings results on Tuesday, July 22nd. The company reported $1.23 EPS for the quarter, beating the Thomson Reuters 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 announced a quarterly dividend, which is scheduled for Wednesday, October 8th. Shareholders of record on Tuesday, September 23rd will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 2.77%. The ex-dividend date is Friday, September 19th.

Several other analysts have also recently commented on the stock. 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. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and six have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $77.13.

Omnicom Group Inc (NYSE:OMC), is a holding company, providing professional services to clients through multiple agencies.

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