Omnicom Group Inc. (NYSE:OMC) Receives $99.38 Consensus Target Price from Brokerages

Omnicom Group Inc. (NYSE:OMC) has received a consensus recommendation of “Hold” from the ten analysts that are covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and four have given a buy recommendation to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $99.3750.

A number of equities analysts have weighed in on the stock. Citigroup dropped their price target on shares of Omnicom Group from $115.00 to $105.00 and set a “buy” rating for the company in a research report on Thursday, April 30th. Weiss Ratings restated a “hold (c-)” rating on shares of Omnicom Group in a research note on Friday, May 22nd. Argus raised shares of Omnicom Group to a “hold” rating in a report on Thursday, March 26th. The Goldman Sachs Group initiated coverage on Omnicom Group in a research note on Wednesday, June 3rd. They issued a “buy” rating and a $146.00 price target for the company. Finally, UBS Group raised their price target on Omnicom Group from $108.00 to $114.00 and gave the company a “buy” rating in a report on Friday, March 20th.

Omnicom Group Trading Down 2.1%

Shares of NYSE:OMC opened at $80.79 on Friday. The stock has a 50 day moving average of $75.47 and a 200 day moving average of $76.74. The company has a market cap of $23.03 billion, a PE ratio of 207.17, a price-to-earnings-growth ratio of 0.49 and a beta of 0.63. Omnicom Group has a 12-month low of $66.33 and a 12-month high of $87.17. The company has a current ratio of 0.91, a quick ratio of 0.77 and a debt-to-equity ratio of 0.99.

Omnicom Group (NYSE:OMC) last released its earnings results on Wednesday, April 29th. The business services provider reported $1.90 EPS for the quarter, topping analysts’ consensus estimates of $1.84 by $0.06. Omnicom Group had a net margin of 0.32% and a return on equity of 24.48%. The company had revenue of $6.24 billion for the quarter, compared to analysts’ expectations of $5.85 billion. During the same quarter last year, the business earned $1.70 EPS. The firm’s revenue was up 69.2% compared to the same quarter last year. As a group, equities research analysts expect that Omnicom Group will post 10.97 EPS for the current year.

Omnicom Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 9th. Investors of record on Wednesday, June 10th were given a dividend of $0.80 per share. The ex-dividend date was Wednesday, June 10th. This represents a $3.20 annualized dividend and a dividend yield of 4.0%. Omnicom Group’s dividend payout ratio (DPR) is currently 820.51%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Activest Wealth Management raised its position in shares of Omnicom Group by 2,960.0% during the fourth quarter. Activest Wealth Management now owns 306 shares of the business services provider’s stock valued at $25,000 after buying an additional 296 shares during the last quarter. Bayforest Capital Ltd bought a new position in shares of Omnicom Group during the fourth quarter worth $26,000. Elyxium Wealth LLC purchased a new position in Omnicom Group during the fourth quarter valued at $26,000. Legacy Wealth Managment LLC ID boosted its holdings in shares of Omnicom Group by 111.4% during the 4th quarter. Legacy Wealth Managment LLC ID now owns 334 shares of the business services provider’s stock valued at $27,000 after purchasing an additional 176 shares during the last quarter. Finally, EFG International AG purchased a new position in shares of Omnicom Group during the fourth quarter valued at about $28,000. 91.97% of the stock is currently owned by institutional investors.

Omnicom Group Company Profile

Omnicom Group Inc (NYSE: OMC) is a global marketing and corporate communications holding company headquartered in New York City. Founded in 1986 through the merger of the BBDO, DDB and Needham Harper agencies, Omnicom has built a portfolio of leading brands and networks serving clients across diverse industries.

The company’s primary business activities encompass advertising, strategic media planning and buying, digital and interactive marketing, direct and promotional marketing, public relations, and customer relationship management.