Omnicom Group (NYSE:OMC) Price Target Raised to $108.00 at UBS Group

Omnicom Group (NYSE:OMC) had its price target increased by analysts at UBS Group from $99.00 to $108.00 in a research report issued on Friday,Benzinga reports. The firm presently has a “buy” rating on the business services provider’s stock. UBS Group’s price objective would indicate a potential upside of 46.37% from the company’s current price.

Several other analysts have also recently issued reports on the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Omnicom Group in a report on Wednesday, October 8th. Wells Fargo & Company raised shares of Omnicom Group from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $78.00 to $91.00 in a research note on Tuesday, September 23rd. Finally, Barclays raised their price target on shares of Omnicom Group from $80.00 to $82.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 23rd. Five investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $97.14.

Omnicom Group Price Performance

Shares of NYSE OMC traded up $3.62 during midday trading on Friday, reaching $73.79. The stock had a trading volume of 2,956,169 shares, compared to its average volume of 3,744,648. The company has a market capitalization of $14.24 billion, a price-to-earnings ratio of 10.90, a price-to-earnings-growth ratio of 1.13 and a beta of 0.75. Omnicom Group has a 12-month low of $68.37 and a 12-month high of $104.03. The stock has a 50-day moving average of $75.51 and a 200-day moving average of $74.71. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.80 and a current ratio of 0.92.

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

Hedge Funds Weigh In On Omnicom Group

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

About Omnicom Group

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.