UBS Group Has Lowered Expectations for Omnicom Group (NYSE:OMC) Stock Price

Omnicom Group (NYSE:OMC) had its target price dropped by investment analysts at UBS Group from $117.00 to $104.00 in a report issued on Thursday,Benzinga reports. The firm currently has a “buy” rating on the business services provider’s stock. UBS Group’s target price indicates a potential upside of 28.35% from the stock’s previous close.

Several other brokerages have also issued reports on OMC. Wells Fargo & Company cut their target price 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. JPMorgan Chase & Co. cut their target price on shares of Omnicom Group from $119.00 to $116.00 and set an “overweight” rating for the company in a research report on Monday, January 27th. Macquarie restated an “outperform” rating and set a $120.00 target price on shares of Omnicom Group in a research report on Wednesday, December 11th. Barclays dropped their price target on shares of Omnicom Group from $121.00 to $110.00 and set an “overweight” rating for the company in a research report on Friday, January 24th. Finally, Argus lowered shares of Omnicom Group from a “buy” rating to a “hold” rating in a research report on Friday, February 14th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $105.75.

Omnicom Group Stock Up 0.4 %

OMC opened at $81.03 on Thursday. The firm has a 50 day moving average price of $83.69 and a 200-day moving average price of $93.17. The company has a quick ratio of 0.90, a current ratio of 1.00 and a debt-to-equity ratio of 1.27. The stock has a market capitalization of $15.92 billion, a price-to-earnings ratio of 10.88, a PEG ratio of 1.94 and a beta of 0.98. Omnicom Group has a twelve month low of $78.69 and a twelve month high of $107.00.

Omnicom Group (NYSE:OMC) last announced its earnings results on Tuesday, February 4th. The business services provider reported $2.41 earnings per share (EPS) for the quarter, beating the consensus estimate 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 last year, the business earned $2.20 earnings per share. Equities research analysts forecast that Omnicom Group will post 8.25 earnings per share for the current year.

Hedge Funds Weigh In On Omnicom Group

Several hedge funds have recently modified their holdings of the stock. California State Teachers Retirement System lifted its holdings in shares of Omnicom Group by 2.4% in the fourth quarter. California State Teachers Retirement System now owns 339,218 shares of the business services provider’s stock worth $29,186,000 after buying an additional 8,071 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Omnicom Group by 16.4% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 13,891 shares of the business services provider’s stock worth $1,195,000 after buying an additional 1,953 shares in the last quarter. Aegis Wealth Management LLC purchased a new position in shares of Omnicom Group in the fourth quarter worth $275,000. Siemens Fonds Invest GmbH lifted its holdings in shares of Omnicom Group by 30.7% in the fourth quarter. Siemens Fonds Invest GmbH now owns 2,893 shares of the business services provider’s stock worth $249,000 after buying an additional 679 shares in the last quarter. Finally, Park Square Financial Group LLC purchased a new position in shares of Omnicom Group in the fourth quarter worth $74,000. Hedge funds and other 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.