Barclays Issues Pessimistic Forecast for Omnicom Group (NYSE:OMC) Stock Price

Omnicom Group (NYSE:OMC) had its target price dropped by research analysts at Barclays from $121.00 to $110.00 in a report issued on Friday,Benzinga reports. The firm presently has an “overweight” rating on the business services provider’s stock. Barclays‘s target price would indicate a potential upside of 27.02% from the stock’s current price.

OMC has been the topic of a number of other reports. Wells Fargo & Company lowered their price target on shares of Omnicom Group from $110.00 to $99.00 and set an “equal weight” rating on the stock in a research note on Tuesday, December 10th. JPMorgan Chase & Co. increased their target price on shares of Omnicom Group from $118.00 to $119.00 and gave the company an “overweight” rating in a report on Wednesday, October 16th. UBS Group boosted their price target on Omnicom Group from $120.00 to $124.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. Finally, Macquarie restated an “outperform” rating and issued a $120.00 price target on shares of Omnicom Group in a report on Wednesday, December 11th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $108.63.

Omnicom Group Stock Up 0.5 %

Omnicom Group stock opened at $86.60 on Friday. The stock’s 50 day moving average price is $91.65 and its 200 day moving average price is $96.37. Omnicom Group has a 1-year low of $81.42 and a 1-year high of $107.00. The company has a market cap of $16.90 billion, a PE ratio of 11.83, a price-to-earnings-growth ratio of 1.88 and a beta of 0.98. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.98 and a quick ratio of 0.86.

Institutional Investors Weigh In On Omnicom Group

Large investors have recently bought and sold shares of the stock. ST Germain D J Co. Inc. purchased a new stake in Omnicom Group during the 4th quarter worth about $25,000. Versant Capital Management Inc lifted its holdings in Omnicom Group by 645.2% in the 4th quarter. Versant Capital Management Inc now owns 313 shares of the business services provider’s stock valued at $27,000 after purchasing an additional 271 shares in the last quarter. Northwest Investment Counselors LLC acquired a new stake in shares of Omnicom Group during the 3rd quarter worth about $33,000. Davis Capital Management purchased a new stake in shares of Omnicom Group during the third quarter worth about $36,000. Finally, HM Payson & Co. raised its position in shares of Omnicom Group by 84.5% in the third quarter. HM Payson & Co. now owns 369 shares of the business services provider’s stock valued at $38,000 after buying an additional 169 shares during the last quarter. Institutional investors and hedge funds 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.