UBS Group Lowers Omnicom Group (NYSE:OMC) Price Target to $104.00

Omnicom Group (NYSE:OMC) had its price target decreased by equities research analysts at UBS Group from $117.00 to $104.00 in a report released on Thursday,Benzinga reports. The firm presently has a “buy” rating on the business services provider’s stock. UBS Group’s target price suggests a potential upside of 27.32% from the company’s previous close.

A number of other equities analysts also recently weighed in on the stock. Barclays lowered their target price on shares of Omnicom Group from $121.00 to $110.00 and set an “overweight” rating on the stock in a report on Friday, January 24th. JPMorgan Chase & Co. lowered their target price on shares of Omnicom Group from $119.00 to $116.00 and set an “overweight” rating on the stock in a report on Monday, January 27th. Macquarie reaffirmed an “outperform” rating and set a $120.00 price objective on shares of Omnicom Group in a research report on Wednesday, December 11th. Wells Fargo & Company reduced their price objective on shares of Omnicom Group from $110.00 to $99.00 and set an “equal weight” rating for the company in a research report on Tuesday, December 10th. Finally, Argus cut shares of Omnicom Group from a “buy” rating to a “hold” rating in a research report on Friday, February 14th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, Omnicom Group presently has an average rating of “Moderate Buy” and an average target price of $105.75.

Omnicom Group Stock Up 0.2 %

Shares of NYSE OMC traded up $0.19 during midday trading on Thursday, reaching $81.68. The company’s stock had a trading volume of 343,926 shares, compared to its average volume of 1,856,710. The company has a current ratio of 1.00, a quick ratio of 0.90 and a debt-to-equity ratio of 1.27. Omnicom Group has a fifty-two week low of $78.69 and a fifty-two week high of $107.00. The stock has a market capitalization of $16.05 billion, a price-to-earnings ratio of 10.96, a PEG ratio of 1.94 and a beta of 0.98. The stock has a 50 day simple moving average of $83.78 and a 200-day simple moving average of $93.39.

Omnicom Group (NYSE:OMC) last issued its earnings results on Tuesday, February 4th. The business services provider reported $2.41 earnings per share for the quarter, topping analysts’ consensus estimates of $2.38 by $0.03. Omnicom Group had a net margin of 9.44% and a return on equity of 36.39%. During the same quarter in the prior year, the business earned $2.20 EPS. Equities research analysts predict that Omnicom Group will post 8.25 earnings per share for the current year.

Institutional Investors Weigh In On Omnicom Group

A number of institutional investors have recently modified their holdings of OMC. ST Germain D J Co. Inc. bought a new stake in Omnicom Group during the fourth quarter worth about $25,000. Versant Capital Management Inc lifted its position in Omnicom Group by 645.2% during the fourth quarter. Versant Capital Management Inc now owns 313 shares of the business services provider’s stock worth $27,000 after purchasing an additional 271 shares during the period. Venturi Wealth Management LLC lifted its position in Omnicom Group by 146.6% during the fourth quarter. Venturi Wealth Management LLC now owns 328 shares of the business services provider’s stock worth $28,000 after purchasing an additional 195 shares during the period. Johnson Financial Group Inc. lifted its position in Omnicom Group by 153.8% during the fourth quarter. Johnson Financial Group Inc. now owns 330 shares of the business services provider’s stock worth $29,000 after purchasing an additional 200 shares during the period. Finally, CoreCap Advisors LLC lifted its position in Omnicom Group by 708.8% during the fourth quarter. CoreCap Advisors LLC now owns 461 shares of the business services provider’s stock worth $40,000 after purchasing an additional 404 shares during the period. 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.