Analysts Set Omnicom Group Inc. (NYSE:OMC) Target Price at $92.57

Omnicom Group Inc. (NYSE:OMC) has received a consensus rating of “Hold” from the nine analysts that are currently covering the firm, Marketbeat.com reports. Five analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $92.5714.

A number of research analysts recently weighed in on OMC shares. Wells Fargo & Company upgraded shares of Omnicom Group from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $78.00 to $91.00 in a research report on Tuesday, September 23rd. Weiss Ratings reiterated a “hold (c)” rating on shares of Omnicom Group in a research note on Wednesday, October 8th. UBS Group increased their price target on Omnicom Group from $99.00 to $108.00 and gave the company a “buy” rating in a report on Friday, December 5th. Barclays lifted their price objective on Omnicom Group from $80.00 to $82.00 and gave the stock an “equal weight” rating in a report on Thursday, October 23rd. Finally, Morgan Stanley assumed coverage on Omnicom Group in a report on Tuesday, December 16th. They issued an “equal weight” rating and a $88.00 target price on the stock.

Omnicom Group Stock Up 0.1%

OMC stock opened at $80.04 on Tuesday. The stock has a market capitalization of $15.45 billion, a P/E ratio of 11.82, a P/E/G ratio of 1.27 and a beta of 0.75. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.92 and a quick ratio of 0.80. Omnicom Group has a 1-year low of $68.37 and a 1-year high of $89.35. The business has a fifty day moving average price of $75.72 and a 200-day moving average price of $75.37.

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

Omnicom Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 9th. Stockholders of record on Friday, December 19th will be paid a dividend of $0.80 per share. The ex-dividend date is Friday, December 19th. This represents a $3.20 annualized dividend and a dividend yield of 4.0%. This is a boost from Omnicom Group’s previous quarterly dividend of $0.70. Omnicom Group’s dividend payout ratio is 47.27%.

Institutional Investors Weigh In On Omnicom Group

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Capital A Wealth Management LLC grew its holdings in Omnicom Group by 548.3% during the second quarter. Capital A Wealth Management LLC now owns 376 shares of the business services provider’s stock valued at $27,000 after purchasing an additional 318 shares during the period. Cornerstone Planning Group LLC grew its stake in shares of Omnicom Group by 2,126.7% during the 3rd quarter. Cornerstone Planning Group LLC now owns 334 shares of the business services provider’s stock valued at $27,000 after acquiring an additional 319 shares during the period. Harbor Asset Planning Inc. purchased a new stake in Omnicom Group in the 2nd quarter worth approximately $29,000. Meeder Asset Management Inc. increased its holdings in Omnicom Group by 289.4% in the 3rd quarter. Meeder Asset Management Inc. now owns 366 shares of the business services provider’s stock worth $30,000 after acquiring an additional 272 shares in the last quarter. Finally, Westside Investment Management Inc. raised its stake in Omnicom Group by 100.0% during the 3rd quarter. Westside Investment Management Inc. now owns 404 shares of the business services provider’s stock worth $31,000 after acquiring an additional 202 shares during the period. 91.97% of the stock is currently owned by hedge funds and other 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.