In a report released on November 3, Julien Roch from Barclays maintained a Hold rating on Omnicom Group (OMC – Research Report), with a price target of $95.00. The company’s shares closed yesterday at $77.06.
Roch covers the Communication Services sector, focusing on stocks such as Omnicom Group, Interpublic Group of Companies, and Universal Music Group. According to TipRanks, Roch has an average return of 2.4% and a 48.12% success rate on recommended stocks.
Currently, the analyst consensus on Omnicom Group is a Hold with an average price target of $90.71, representing a 17.71% upside. In a report released on October 30, Wells Fargo also maintained a Hold rating on the stock with a $85.00 price target.
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Based on Omnicom Group’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $3.58 billion and a net profit of $371.9 million. In comparison, last year the company earned a revenue of $3.44 billion and had a net profit of $364.5 million
Based on the recent corporate insider activity of 58 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of OMC in relation to earlier this year.
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Omnicom Group (OMC) Company Description:
Omnicom Group, Inc. is a holding company, which engages in the management and provision of advertising agencies. It offers marketing and corporate communications services. The company was founded by Maxwell Dane in 1944 and is headquartered in New York, NY.
Read More on OMC:
- Omnicom acquisition brings ‘strong foothold,’ says Wells Fargo
- Omnicom (NYSE:OMC) Boosting E-Commerce Segment with $835M Flywheel Buy
- Omnicom to acquire Flywheel Digital from Ascential for $835M
- Omnicom Acquires Digital Commerce Powerhouse Flywheel
- Omnicom price target lowered to $112 from $113 at Citi
