TipRanksStock Market NewsOMC NewsOmnicom Group (OMC) Receives a Buy from J.P. Morgan

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

In a report issued on July 20, David Karnovsky from J.P. Morgan maintained a Buy rating on Omnicom Group (OMCResearch Report), with a price target of $86.00. The company’s shares closed last Thursday at $69.23.

According to TipRanks.com, Karnovsky is a 3-star analyst with an average return of 6.9% and a 47.7% success rate. Karnovsky covers the Services sector, focusing on stocks such as Madison Square Garden Entertainment, Interpublic Group of Companies, and Endeavor Group Holdings Inc.

Omnicom Group has an analyst consensus of Moderate Buy, with a price target consensus of $78.43, which is a 13.1% upside from current levels. In a report issued on July 7, Citigroup also maintained a Buy rating on the stock with a $85.00 price target.

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The company has a one-year high of $91.61 and a one-year low of $61.31. Currently, Omnicom Group has an average volume of 1.68M.

Based on the recent corporate insider activity of 53 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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