In a report released yesterday, Peter Stabler from Wells Fargo maintained a Hold rating on Omnicom Group (NYSE: OMC). The company’s shares opened today at $77.87.
According to TipRanks.com, Stabler is a 5-star analyst with an average return of 32.5% and a 81.4% success rate. Stabler covers the Technology sector, focusing on stocks such as ANGI Homeservices Inc, IAC/InterActiveCorp, and Match Group Inc.
Currently, the analyst consensus on Omnicom Group is a Hold with an average price target of $76.
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Based on Omnicom Group’s latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of $264 million. In comparison, last year the company had a net profit of $328 million.
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.
