In a report issued on July 17, Steven Cahall from RBC Capital reiterated a Hold rating on Omnicom Group (NYSE: OMC), with a price target of $75. The company’s shares closed yesterday at $69.61.
According to TipRanks.com, Cahall is a 4-star analyst with an average return of 5.4% and a 59.1% success rate. Cahall covers the Services sector, focusing on stocks such as Sirius XM Holdings Inc, 21st Century Fox, and AMC Networks.
Currently, the analyst consensus on Omnicom Group is a Hold with an average price target of $75.20, implying an 8.0% 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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The company has a one-year high of $83.34 and a one-year low of $65.32. Currently, Omnicom Group has an average volume of 1.97M.
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.
