Omnicom Group Inc. (NYSE:OMC) receives consensus recommendation of “Moderate Buy” from analysts

Omnicom Group Inc. (NYSE:OMC – Get Your Free Report ) has been assigned an average rating of “Moderate Buy” by the nine ratings firms that are currently covering the company, MarketBeat.com reports. One analyst has rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $104.70.

A number of research firms recently weighed in on OMC. Moffett Nathanson upped their price target on shares of Omnicom Group from $89.00 to $93.00 and gave the stock a “neutral” rating in a report on Wednesday, April 17th. StockNews.com raised shares of Omnicom Group from a “hold” rating to a “buy” rating in a report on Thursday, April 18th. Barclays raised shares of Omnicom Group from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $100.00 to $110.00 in a report on Tuesday, May 7th. Wells Fargo & Company raised shares of Omnicom Group from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $91.00 to $106.00 in a report from Wednesday, April 17. Finally, UBS Group upped their target price on shares of Omnicom Group from $117.00 to $120.00 and gave the stock a “buy” rating in a research report on Thursday, July 18th.

See the latest inventory analysis on OMC

Insider activity at Omnicom Group

In related news, Director Linda Johnson Rice sold 488 shares of Omnicom Group stock in a transaction on Friday, July 19th. The shares were sold at an average price of $90.88, for a total value of $44,349.44. Following the completion of the sale, the director now owns 10,356 shares in the company, valued at $941,153.28. The sale was disclosed in a legal filing with the SEC, which can be accessed via this link. 1.30% of shares are currently owned by insiders.

Omnicom Group Institutional Trading

Institutional investors and hedge funds have recently bought and sold shares of the stock. HHM Wealth Advisors LLC bought a new stake in Omnicom Group during the fourth quarter valued at approximately $26,000. Frazier Financial Advisors LLC bought a new position in Omnicom Group in the fourth quarter valued at $26,000. Richardson Financial Services Inc. bought a new position in Omnicom Group in the fourth quarter valued at $29,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in Omnicom Group in the second quarter valued at $33,000. Finally, Incinalta Capital LLC bought a new position in shares of Omnicom Group in the second quarter valued at $33,000. Institutional investors and hedge funds own 91.97% of the company’s shares.

Omnicom Group’s price performance

Shares of NYSE OMC opened at $93.35 on Friday. Omnicom Group has a fifty-two week low of $72.20 and a fifty-two week high of $98.71. The company has a 50 day simple moving average of $91.34 and a two hundred day simple moving average of $91.89. The company has a market cap of $18.28 billion, a price-to-earnings ratio of 12.61, a P/E/G ratio of 2.24 and a beta of 0.95. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.81, and a current ratio of 0.93.

Omnicom Group (NYSE:OMC – Get Free Report ) last posted its quarterly earnings results on Tuesday, July 16th. The business services provider reported $1.95 earnings per share for the quarter, topping the consensus estimate of $1.88 by $0.07. Omnicom Group had a net margin of 9.55% and a return on equity of 37.51%. The company had revenue of $3.85 billion for the quarter, compared to analysts’ expectations of $3.83 billion. In the same quarter last year, the company posted EPS of $1.81. The company’s revenue was up 6.8% compared to the same quarter last year. analysts expect that Omnicom Group will post 7.92 EPS for the current fiscal year.

Omnicom Group announces dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 11th. Investors of record on Friday, September 20th will be issued a $0.70 dividend. The ex-dividend date of this dividend is Friday, September 20. This represents an annualized dividend of $2.80 and a yield of 3.00%. Omnicom Group’s payout ratio is 37.84%.

About Omnicom Group

(Get a free report

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

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