Omnicom Group (OMC) is Initiated by RBC Capital Mkts to Sector Perform, Price Target at $87

Omnicom Group (OMC) was Initiated by RBC Capital Mkts to “Sector Perform” and the brokerage firm has set the Price Target at $87. RBC Capital Mkts advised their investors in a research report released on Oct 7, 2016.

Many Wall Street Analysts have commented on Omnicom Group. Omnicom Group was Initiated by Credit Suisse to “Neutral” on Sep 15, 2016. Company shares were Reiterated by Telsey Advisory Group on Jul 20, 2016 to “Market Perform”, Firm has raised the Price Target to $ 86 from a previous price target of $79 .

On the company’s financial health, Omnicom Group reported $1.36 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Jul 14, 2016. Analyst had a consensus of $1.33. The company had revenue of $3884.90 million for the quarter, compared to analysts expectations of $3906.11 million. The company’s revenue was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.26 EPS.

Omnicom Group closed down -1.12 points or -1.33% at $83.32 with 12,47,981 shares getting traded on Tuesday. Post opening the session at $84.55, the shares hit an intraday low of $83.21 and an intraday high of $84.85 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

In a different news, on Aug 18, 2016, Linda Johnson Rice (director) sold 824 shares at $84.55 per share price. According to the SEC, on Jun 10, 2016, Bruce Crawford (Chairman) sold 22,800 shares at $84.31 per share price. On May 26, 2016, John Wren (President and CEO) sold 35,104 shares at $82.31 per share price, according to the Form-4 filing with the securities and exchange commission.

Omnicom Group Inc. is a holding company. The Company provides advertising marketing and corporate communications services. The Company’s branded networks and agencies operate in markets around the world and provide a range of services which it groups into four disciplines: advertising customer relationship management (CRM) public relations and specialty communications. Its services in these disciplines include advertising brand consultancy content marketing corporate social responsibility consulting crisis communications data analytics and database management among others. Its advertising brands include BBDO Worldwide DDB Worldwide and TBWA Worldwide. The Company’s branded agency networks operate in geographic regions including the Americas which includes North America and Latin America; EMEA which includes Europe the Middle East and Africa and Asia Pacific which includes Australia China India Japan Korea New Zealand Singapore and other Asian countries.

Omnicom Group

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