Omnicom Group (NYSE:OMC) PT Raised to $93.00 at Moffett Nathanson

Omnicom Group (NYSE:OMC) had its price objective lifted by Moffett Nathanson from $89.00 to $93.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The firm presently has a “neutral” rating on the business services provider’s stock. Moffett Nathanson’s price objective would indicate a potential upside of 1.67% from the stock’s current price.

Several other analysts have also commented on OMC. JPMorgan Chase & Co. increased their price objective on Omnicom Group from $104.00 to $108.00 and gave the company an “overweight” rating in a report on Wednesday. BNP Paribas upgraded Omnicom Group from a “neutral” rating to an “outperform” rating and set a $115.00 price objective for the company in a report on Thursday, March 28th. Macquarie increased their price objective on Omnicom Group from $100.00 to $110.00 and gave the company an “outperform” rating in a report on Tuesday, April 2nd. StockNews.com upgraded Omnicom Group from a “hold” rating to a “buy” rating in a research note on Thursday. Finally, Barclays raised their target price on Omnicom Group from $95.00 to $100.00 and gave the stock an “equal weight” rating in a research note on Monday, January 29th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, Omnicom Group currently has a consensus rating of “Moderate Buy” and an average target price of $103.40.

Omnicom Group Stock Performance

Omnicom Group stock opened at $91.48 on Wednesday. The company has a 50 day moving average price of $91.35 and a 200-day moving average price of $85.18. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.86 and a current ratio of 0.95. Omnicom Group has a fifty-two week low of $72.20 and a fifty-two week high of $99.23. The company has a market capitalization of $18.04 billion, a PE ratio of 12.36, a P/E/G ratio of 2.18 and a beta of 0.97.

Omnicom Group (NYSE:OMC) last issued its quarterly earnings data on Monday, February 5th. The business services provider reported $2.20 EPS for the quarter, topping analysts’ consensus estimates of $2.16 by $0.04. The company had revenue of $4.06 billion during the quarter, compared to the consensus estimate of $4 billion. Omnicom Group had a net margin of 9.96% and a return on equity of 38.83%. Omnicom Group’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.09 earnings per share. As a group, equities analysts forecast that Omnicom Group will post 7.73 earnings per share for the current year.

Insider Activity

In other news, Director Linda Johnson Rice sold 507 shares of the firm’s stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $86.66, for a total transaction of $43,936.62. Following the sale, the director now directly owns 9,753 shares in the company, valued at approximately $845,194.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.30% of the company’s stock.

Institutional Investors Weigh In On Omnicom Group

Several institutional investors have recently bought and sold shares of the company. Pathstone Family Office LLC lifted its stake in Omnicom Group by 0.8% in the 4th quarter. Pathstone Family Office LLC now owns 13,144 shares of the business services provider’s stock worth $1,084,000 after purchasing an additional 108 shares in the last quarter. Greenleaf Trust lifted its stake in Omnicom Group by 0.5% in the 4th quarter. Greenleaf Trust now owns 22,329 shares of the business services provider’s stock worth $1,932,000 after purchasing an additional 119 shares in the last quarter. Cambridge Trust Co. lifted its stake in Omnicom Group by 4.2% in the 4th quarter. Cambridge Trust Co. now owns 2,981 shares of the business services provider’s stock worth $258,000 after purchasing an additional 121 shares in the last quarter. Great Valley Advisor Group Inc. lifted its stake in Omnicom Group by 2.6% in the 4th quarter. Great Valley Advisor Group Inc. now owns 4,955 shares of the business services provider’s stock worth $428,000 after purchasing an additional 124 shares in the last quarter. Finally, Pinnacle Bancorp Inc. lifted its stake in Omnicom Group by 61.6% in the 4th quarter. Pinnacle Bancorp Inc. now owns 328 shares of the business services provider’s stock worth $28,000 after purchasing an additional 125 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.