Omnicom Group (NYSE:OMC – Get Free Report) had its price objective lowered by Barclays from $121.00 to $110.00 in a report issued on Friday,Benzinga reports. The firm currently has an “overweight” rating on the business services provider’s stock. Barclays‘s target price would indicate a potential upside of 26.51% from the stock’s current price.
Other research analysts have also issued research reports about the stock. Wells Fargo & Company lowered 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 note on Tuesday, December 10th. UBS Group increased their target price on shares of Omnicom Group from $120.00 to $124.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. JPMorgan Chase & Co. increased their target price on shares of Omnicom Group from $118.00 to $119.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 16th. Finally, Macquarie reissued an “outperform” rating and issued a $120.00 price objective on shares of Omnicom Group in a research note on Wednesday, December 11th. One analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $108.63.
Read Our Latest Stock Analysis on Omnicom Group
Omnicom Group Trading Up 0.9 %
Institutional Trading of Omnicom Group
Hedge funds have recently added to or reduced their stakes in the company. World Investment Advisors LLC raised its holdings in Omnicom Group by 209.7% in the third quarter. World Investment Advisors LLC now owns 26,311 shares of the business services provider’s stock valued at $2,720,000 after acquiring an additional 17,815 shares in the last quarter. Central Pacific Bank Trust Division lifted its position in shares of Omnicom Group by 16.3% during the 3rd quarter. Central Pacific Bank Trust Division now owns 2,856 shares of the business services provider’s stock worth $295,000 after buying an additional 401 shares during the last quarter. Worldquant Millennium Advisors LLC purchased a new stake in shares of Omnicom Group during the 3rd quarter worth approximately $713,000. Thrivent Financial for Lutherans lifted its position in shares of Omnicom Group by 40.9% during the 3rd quarter. Thrivent Financial for Lutherans now owns 29,750 shares of the business services provider’s stock worth $3,077,000 after buying an additional 8,643 shares during the last quarter. Finally, Assetmark Inc. lifted its position in shares of Omnicom Group by 2.0% during the 3rd quarter. Assetmark Inc. now owns 489,039 shares of the business services provider’s stock worth $50,562,000 after buying an additional 9,774 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.
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