JPMorgan Chase & Co. Issues Pessimistic Forecast for Omnicom Group (NYSE:OMC) Stock Price

Omnicom Group (NYSE:OMCGet Free Report) had its price target decreased by equities researchers at JPMorgan Chase & Co. from $119.00 to $116.00 in a note issued to investors on Monday,Benzinga reports. The brokerage currently has an “overweight” rating on the business services provider’s stock. JPMorgan Chase & Co.‘s target price points to a potential upside of 33.05% from the company’s previous close.

OMC has been the topic of a number of other research reports. Macquarie reiterated an “outperform” rating and set a $120.00 price objective on shares of Omnicom Group in a research report on Wednesday, December 11th. UBS Group upped their price objective on shares of Omnicom Group from $120.00 to $124.00 and gave the company a “buy” rating in a report on Wednesday, October 16th. Barclays reduced their target price on shares of Omnicom Group from $121.00 to $110.00 and set an “overweight” rating on the stock in a research note on Friday, January 24th. Finally, Wells Fargo & Company dropped their price target on shares of Omnicom Group from $110.00 to $99.00 and set an “equal weight” rating for the company in a research note on Tuesday, December 10th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $108.25.

Get Our Latest Analysis on OMC

Omnicom Group Stock Performance

NYSE:OMC opened at $87.18 on Monday. The company has a market cap of $17.01 billion, a P/E ratio of 11.91, a P/E/G ratio of 1.88 and a beta of 0.98. Omnicom Group has a twelve month low of $81.42 and a twelve month high of $107.00. The company’s 50-day moving average price is $91.45 and its 200-day moving average price is $96.42. The company has a current ratio of 0.98, a quick ratio of 0.86 and a debt-to-equity ratio of 1.37.

Hedge Funds Weigh In On Omnicom Group

A number of institutional investors have recently modified their holdings of the business. Resonant Capital Advisors LLC increased its stake in Omnicom Group by 1.7% in the third quarter. Resonant Capital Advisors LLC now owns 5,885 shares of the business services provider’s stock valued at $613,000 after purchasing an additional 97 shares during the period. Whittier Trust Co. of Nevada Inc. raised its stake in Omnicom Group by 17.9% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 638 shares of the business services provider’s stock valued at $66,000 after acquiring an additional 97 shares during the last quarter. Integrated Advisors Network LLC lifted its position in Omnicom Group by 3.8% during the 3rd quarter. Integrated Advisors Network LLC now owns 2,698 shares of the business services provider’s stock worth $279,000 after acquiring an additional 100 shares during the period. Iowa State Bank grew its stake in shares of Omnicom Group by 0.4% in the 3rd quarter. Iowa State Bank now owns 24,447 shares of the business services provider’s stock valued at $2,528,000 after purchasing an additional 101 shares during the last quarter. Finally, Farther Finance Advisors LLC raised its stake in shares of Omnicom Group by 2.1% during the third quarter. Farther Finance Advisors LLC now owns 4,970 shares of the business services provider’s stock worth $514,000 after purchasing an additional 102 shares during the last quarter. 91.97% of the stock is owned by institutional investors and hedge funds.

Omnicom Group Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Omnicom Group (NYSE:OMC)

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