Omnicom Group (NYSE:OMC) Coverage Initiated at Morgan Stanley

Investment analysts at Morgan Stanley assumed coverage on shares of Omnicom Group (NYSE:OMC) in a note issued to investors on Tuesday. The firm set an “equal weight” rating and a $88.00 price target on the business services provider’s stock. Morgan Stanley’s price target points to a potential upside of 6.37% from the stock’s previous close.

A number of other equities analysts have also commented on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Omnicom Group in a report on Wednesday, October 8th. Barclays boosted their target price on Omnicom Group from $80.00 to $82.00 and gave the company an “equal weight” rating in a research note on Thursday, October 23rd. UBS Group raised their price target on Omnicom Group from $99.00 to $108.00 and gave the stock a “buy” rating in a research report on Friday, December 5th. Finally, Wells Fargo & Company raised shares of Omnicom Group from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $78.00 to $91.00 in a research note on Tuesday, September 23rd. Four investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, Omnicom Group has a consensus rating of “Hold” and a consensus target price of $92.57.

Omnicom Group Trading Up 2.6%

Shares of Omnicom Group stock opened at $82.73 on Tuesday. The company’s 50-day moving average price is $75.38 and its 200-day moving average price is $74.95. The company has a current ratio of 0.92, a quick ratio of 0.80 and a debt-to-equity ratio of 0.95. Omnicom Group has a 12-month low of $68.37 and a 12-month high of $90.38. The company has a market cap of $15.97 billion, a price-to-earnings ratio of 12.22, a PEG ratio of 1.28 and a beta of 0.75.

Omnicom Group (NYSE:OMC) last issued its quarterly earnings data on Tuesday, October 21st. The business services provider reported $2.24 EPS for the quarter, beating the consensus estimate of $2.17 by $0.07. Omnicom Group had a net margin of 8.31% and a return on equity of 33.30%. The company had revenue of $4.04 billion during the quarter, compared to analysts’ expectations of $4.02 billion. During the same quarter in the previous year, the company earned $2.03 earnings per share. Omnicom Group’s revenue for the quarter was up 4.0% on a year-over-year basis. On average, equities analysts expect that Omnicom Group will post 8.25 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Bollard Group LLC boosted its position in shares of Omnicom Group by 6.0% during the second quarter. Bollard Group LLC now owns 2,569 shares of the business services provider’s stock valued at $185,000 after purchasing an additional 145 shares in the last quarter. Wilmington Savings Fund Society FSB raised its holdings in Omnicom Group by 2.0% in the third quarter. Wilmington Savings Fund Society FSB now owns 7,330 shares of the business services provider’s stock worth $598,000 after purchasing an additional 145 shares in the last quarter. Deseret Mutual Benefit Administrators lifted its position in Omnicom Group by 7.9% during the third quarter. Deseret Mutual Benefit Administrators now owns 2,031 shares of the business services provider’s stock valued at $166,000 after buying an additional 149 shares during the period. Impact Partnership Wealth LLC boosted its holdings in shares of Omnicom Group by 3.1% during the 3rd quarter. Impact Partnership Wealth LLC now owns 4,923 shares of the business services provider’s stock valued at $401,000 after buying an additional 150 shares in the last quarter. Finally, Geneos Wealth Management Inc. boosted its holdings in shares of Omnicom Group by 4.3% during the 3rd quarter. Geneos Wealth Management Inc. now owns 3,746 shares of the business services provider’s stock valued at $305,000 after buying an additional 156 shares in the last quarter. Institutional investors own 91.97% of the company’s stock.

Omnicom Group Company Profile

Omnicom Group Inc, together with its subsidiaries, offers advertising, marketing, and corporate communications services. It provides a range of services in the areas of advertising and media, precision marketing, commerce and branding, experiential, execution and support, public relations, and healthcare.