William Blair Starts Stock Coverage on Omnicom (OMC)

By admin | 6 years ago

Investment analysts at William Blair began coverage on shares of Omnicom (NYSE: OMC) in a note issued to investors on Wednesday. The firm set a “market perform” rating on the stock.

Shares of Omnicom traded up 1.84% during mid-day trading on Wednesday, hitting $48.11. Omnicom has a 52 week low of $35.27 and a 52 week high of $52.19. The company has a market cap of $13.116 billion and a P/E ratio of 14.03.

Omnicom last announced its earnings results on Tuesday, April 17th. The company reported $0.72 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.69 by $0.03. Omnicom’s revenue was up 5.0% compared to the same quarter last year. On average, analysts predict that Omnicom will post $0.80 earnings per share next quarter.

A number of other firms have also recently commented on OMC. Analysts at Barclays Capital (NYSE: BCS) reiterated an “equal weight” rating on shares of Omnicom in a research note to investors on Thursday, May 17th. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Omnicom in a research note to investors on Thursday, April 26th. They now have a $53.00 price target on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Omnicom in a research note to investors on Wednesday, April 18th. They now have a $51.00 price target on the stock.

Omnicom Group Inc. (Omnicom) is a holding company, providing professional services to clients through multiple agencies.

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