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Equities research analysts at Northland Securities initiated coverage on shares of Omnicom Group (NYSE:OMC) in a research note issued to investors on Thursday. The firm set a $77.00 price target on the stock. Northland Securities’ price objective suggests a potential upside of 6.49% from the stock’s previous close.

Shares of Omnicom Group (NYSE:OMC) opened at 72.31 on Thursday. Omnicom Group has a 1-year low of $59.70 and a 1-year high of $76.87. The stock’s 50-day moving average is $71.60 and its 200-day moving average is $71.31. The company has a market cap of $18.161 billion and a price-to-earnings ratio of 18.63.

Omnicom Group (NYSE:OMC) last released its earnings data 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 prior year, the company posted $1.09 earnings per share. The company’s quarterly revenue was up 6.4% on a year-over-year basis. Analysts expect that Omnicom Group will post $4.18 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Wednesday, October 8th. Stockholders 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 2.77%. The ex-dividend date of this dividend is Friday, September 19th.

A number of other analysts have also recently weighed in on OMC. Analysts at Nomura initiated coverage on shares of Omnicom Group in a research note on Thursday. They set a “neutral” rating on the stock. Separately, 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. Finally, 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. One analyst has rated the stock with a sell rating, ten have given a hold rating and six have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $77.14.

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

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