Jefferies analyst John Janedis reiterated a Hold rating on Omnicom Group (NYSE: OMC) yesterday and set a price target of $75. The company’s shares closed yesterday at $70.69.
According to TipRanks.com, Janedis is a 5-star analyst with an average return of 12.1% and a 68.6% success rate. Janedis covers the Services sector, focusing on stocks such as Madison Square Garden Co, Charter Communications, and Eros International Plc.
The word on The Street in general, suggests a Hold analyst consensus rating for Omnicom Group with a $72.75 average price target, implying a 2.9% upside from current levels. In a report issued on July 12, Wells Fargo also maintained a Hold rating on the stock.
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Omnicom Group’s market cap is currently $16.07B and has a P/E ratio of 14.85. The company has a Price to Book ratio of 6.12.
Based on the recent corporate insider activity of 72 insiders, corporate insider sentiment is negative on the stock.
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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.
