Omnicom Group (OMC) Coverage Initiated at Moffett Nathanson

Moffett Nathanson initiated coverage on shares of Omnicom Group (NYSE:OMC) in a report published on Tuesday, MarketBeat reports. The brokerage issued a sell rating and a $63.00 price target on the business services provider’s stock.

Other equities research analysts have also recently issued reports about the stock. Zacks Investment Research cut shares of Omnicom Group from a hold rating to a sell rating in a research report on Tuesday. Morgan Stanley decreased their price objective on shares of Omnicom Group from $76.00 to $73.00 and set an underweight rating for the company in a research report on Wednesday, May 23rd. ValuEngine cut shares of Omnicom Group from a hold rating to a sell rating in a research report on Wednesday, May 23rd. Barclays set a $84.00 price objective on shares of Omnicom Group and gave the stock a hold rating in a research report on Wednesday, April 18th. Finally, Pivotal Research decreased their price objective on shares of Omnicom Group from $75.00 to $72.00 and set a hold rating for the company in a research report on Tuesday, April 3rd. Six research analysts have rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the company’s stock. Omnicom Group has an average rating of Hold and an average target price of $79.58.

Shares of Omnicom Group opened at $75.91 on Tuesday, MarketBeat reports. The company has a debt-to-equity ratio of 1.52, a current ratio of 0.91 and a quick ratio of 0.81. Omnicom Group has a 52 week low of $65.32 and a 52 week high of $83.95. The company has a market capitalization of $17.08 billion, a price-to-earnings ratio of 14.88, a price-to-earnings-growth ratio of 2.31 and a beta of 1.14.

Omnicom Group (NYSE:OMC) last issued its quarterly earnings results on Tuesday, April 17th. The business services provider reported $1.14 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.06 by $0.08. Omnicom Group had a net margin of 7.25% and a return on equity of 39.97%. The company had revenue of $3.63 billion during the quarter, compared to analysts’ expectations of $3.63 billion. During the same quarter last year, the company posted $1.02 EPS. The firm’s revenue was up 1.2% compared to the same quarter last year. equities analysts forecast that Omnicom Group will post 5.63 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 12th. Investors of record on Thursday, June 14th will be given a $0.60 dividend. The ex-dividend date of this dividend is Wednesday, June 13th. This represents a $2.40 dividend on an annualized basis and a yield of 3.16%. Omnicom Group’s dividend payout ratio (DPR) is presently 47.06%.

In related news, Director Linda Johnson Rice sold 499 shares of the business’s stock in a transaction on Thursday, April 19th. The shares were sold at an average price of $75.31, for a total value of $37,579.69. Following the completion of the sale, the director now directly owns 7,900 shares of the company’s stock, valued at $594,949. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 1.20% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in OMC. MUFG Americas Holdings Corp lifted its position in Omnicom Group by 123.8% in the fourth quarter. MUFG Americas Holdings Corp now owns 1,531 shares of the business services provider’s stock valued at $112,000 after acquiring an additional 847 shares during the last quarter. Stratos Wealth Partners LTD. increased its stake in Omnicom Group by 239.8% in the first quarter. Stratos Wealth Partners LTD. now owns 1,672 shares of the business services provider’s stock valued at $122,000 after purchasing an additional 1,180 shares during the period. Credit Agricole S A acquired a new position in Omnicom Group in the first quarter valued at $151,000. Tower Research Capital LLC TRC acquired a new position in Omnicom Group in the fourth quarter valued at $199,000. Finally, Oppenheimer & Co. Inc. acquired a new position in Omnicom Group in the first quarter valued at $216,000.

About Omnicom Group

Omnicom Group Inc, together with its subsidiaries, provides advertising, marketing, and corporate communications services. The company offers a range of services in the areas of advertising, customer relationship management, public relations, and healthcare. Its services comprises advertising, branding, content marketing, corporate social responsibility consulting, crisis communication, custom publishing, data analytics, database management, digital/direct marketing, digital transformation, financial/corporate business-to-business advertising, graphic arts/digital imaging, healthcare marketing and communications, and instore design services.

Analyst Recommendations for Omnicom Group (NYSE:OMC)

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