Omnicom Group Receives a Hold from BMO Capital

By Jason Carr

In a report issued on September 11, Daniel Salmon from BMO Capital reiterated a Hold rating on Omnicom Group (NYSE: OMC), with a price target of $85. The company’s shares opened today at $72.90, close to its 52-week low of $71.63.

According to TipRanks.com, Salmon is a 5-star analyst with an average return of 12.6% and a 67.1% success rate. Salmon covers the Services sector, focusing on stocks such as Interpublic Group of Companies, Publicis Groupe SA, and Factset Research.

Currently, the analyst consensus on Omnicom Group is Hold and the average price target is $83.57, representing a 14.6% upside.

In a report issued on September 6, Citigroup also upgraded the stock to Hold with a $80 price target.

Based on Omnicom Group’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $3.79 billion and quarterly net profit of $328 million. In comparison, last year the company earned revenue of $3.88 billion and had a net profit of $324 million.

Based on the recent corporate insider activity of 73 insiders, corporate insider sentiment is negative on the stock.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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 in 1986 and is headquartered in New York, NY.