Omnicom Group (OMC) Gets a Buy Rating from J.P. Morgan

J.P. Morgan analyst David Karnovsky maintained a Buy rating on Omnicom Group (OMCResearch Report) yesterday and set a price target of $94.00. The company’s shares closed last Wednesday at $78.11.

According to, Karnovsky is a 4-star analyst with an average return of 12.7% and a 53.3% success rate. Karnovsky covers the Services sector, focusing on stocks such as Liberty Media Liberty Formula One, Madison Square Garden Sports, and Live Nation Entertainment.

The word on The Street in general, suggests a Hold analyst consensus rating for Omnicom Group with a $89.40 average price target.

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Omnicom Group’s market cap is currently $16.16B and has a P/E ratio of 11.96.

Based on the recent corporate insider activity of 54 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of OMC in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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 by Maxwell Dane in 1944 and is headquartered in New York, NY.

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