Omnicom Group Inc. (NYSE:OMC)‘s stock had its “hold” rating reiterated by analysts at Jefferies Group LLC in a research report issued to clients and investors on Thursday. They currently have a $82.00 target price on the business services provider’s stock. Jefferies Group LLC’s price target would suggest a potential upside of 10.27% from the company’s previous close.

A number of other research firms have also recently commented on OMC. Zacks Investment Research raised shares of Omnicom Group from a “hold” rating to a “buy” rating and set a $91.00 price target for the company in a research note on Friday, July 14th. BidaskClub cut shares of Omnicom Group from a “sell” rating to a “strong sell” rating in a research note on Tuesday, August 1st. Royal Bank Of Canada set a $96.00 price target on shares of Omnicom Group and gave the stock a “buy” rating in a research note on Saturday, July 22nd. BMO Capital Markets reaffirmed a “hold” rating and set a $85.00 price target on shares of Omnicom Group in a research note on Wednesday, September 13th. Finally, Credit Suisse Group reaffirmed a “neutral” rating and set a $79.00 price target (down from $81.00) on shares of Omnicom Group in a research note on Friday, July 14th. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and one has assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $85.92.

Shares of Omnicom Group (NYSE OMC) traded up 0.57% during trading on Thursday, hitting $74.23. 2,043,537 shares of the stock traded hands. The stock has a market cap of $17.13 billion, a PE ratio of 14.99 and a beta of 1.27. Omnicom Group has a 12 month low of $71.63 and a 12 month high of $89.66. The firm’s 50-day moving average price is $75.34 and its 200-day moving average price is $81.20.

Omnicom Group (NYSE:OMC) last released its quarterly earnings results on Thursday, July 20th. The business services provider reported $1.40 EPS for the quarter, topping analysts’ consensus estimates of $1.38 by $0.02. Omnicom Group had a net margin of 7.61% and a return on equity of 42.54%. The firm had revenue of $3.79 billion during the quarter, compared to analysts’ expectations of $3.74 billion. During the same period in the previous year, the company earned $1.36 EPS. The firm’s revenue for the quarter was down 2.4% compared to the same quarter last year. Analysts anticipate that Omnicom Group will post $5.08 EPS for the current year.

COPYRIGHT VIOLATION WARNING: “Jefferies Group LLC Reiterates “Hold” Rating for Omnicom Group Inc. (OMC)” was originally reported by American Banking News and is owned by of American Banking News. If you are reading this report on another domain, it was stolen and republished in violation of U.S. and international copyright & trademark law. The original version of this report can be accessed at https://www.americanbankingnews.com/2017/09/21/jefferies-group-llc-reiterates-hold-rating-for-omnicom-group-inc-omc.html.

In other news, Director Linda Johnson Rice sold 483 shares of the business’s stock in a transaction dated Monday, July 24th. The shares were sold at an average price of $82.19, for a total value of $39,697.77. Following the completion of the sale, the director now owns 7,724 shares in the company, valued at approximately $634,835.56. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Treasurer Dennis E. Hewitt sold 900 shares of the business’s stock in a transaction dated Wednesday, July 26th. The shares were sold at an average price of $79.11, for a total transaction of $71,199.00. Following the completion of the sale, the treasurer now owns 44,161 shares of the company’s stock, valued at approximately $3,493,576.71. The disclosure for this sale can be found here. Company insiders own 1.10% of the company’s stock.

Several large investors have recently bought and sold shares of OMC. Parallel Advisors LLC raised its holdings in shares of Omnicom Group by 8.7% in the 2nd quarter. Parallel Advisors LLC now owns 1,300 shares of the business services provider’s stock valued at $102,000 after purchasing an additional 104 shares in the last quarter. Dupont Capital Management Corp bought a new stake in shares of Omnicom Group in the 2nd quarter valued at about $104,000. Acrospire Investment Management LLC bought a new stake in shares of Omnicom Group in the 2nd quarter valued at about $149,000. Invictus RG raised its holdings in shares of Omnicom Group by 1,098.2% in the 1st quarter. Invictus RG now owns 1,977 shares of the business services provider’s stock valued at $170,000 after purchasing an additional 1,812 shares in the last quarter. Finally, FNY Partners Fund LP raised its holdings in shares of Omnicom Group by 46.7% in the 1st quarter. FNY Partners Fund LP now owns 2,200 shares of the business services provider’s stock valued at $189,000 after purchasing an additional 700 shares in the last quarter. Institutional investors and hedge funds own 98.60% of the company’s stock.

About Omnicom Group

Omnicom Group Inc is a holding company. The Company provides advertising, marketing and corporate communications services. The Company’s branded networks and agencies operate in all markets around the world and provide a range of services, which it groups into four disciplines: advertising, customer relationship management (CRM), public relations and specialty communications.

Analyst Recommendations for Omnicom Group (NYSE:OMC)

Receive News & Ratings for Omnicom Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Omnicom Group Inc. and related companies with MarketBeat.com's FREE daily email newsletter.