Omnicom Group (NYSE:OMC) Rating Increased to Hold at ValuEngine

Omnicom Group (NYSE:OMC) was upgraded by equities research analysts at ValuEngine from a “sell” rating to a “hold” rating in a research report issued on Monday, ValuEngine reports.

Several other research analysts have also recently issued reports on OMC. Barclays set a $84.00 price target on shares of Omnicom Group and gave the stock a “hold” rating in a report on Friday, September 27th. BMO Capital Markets cut shares of Omnicom Group from an “outperform” rating to a “market perform” rating and dropped their target price for the company from $88.00 to $86.00 in a report on Sunday, July 14th. Citigroup dropped their target price on shares of Omnicom Group from $87.00 to $86.00 and set a “neutral” rating for the company in a report on Monday, September 9th. Zacks Investment Research raised shares of Omnicom Group from a “sell” rating to a “hold” rating and set a $82.00 target price for the company in a report on Monday, October 14th. Finally, Wells Fargo & Co started coverage on shares of Omnicom Group in a report on Monday, September 23rd. They issued a “market perform” rating and a $81.00 target price for the company. Seven equities research analysts have rated the stock with a hold rating, The company presently has an average rating of “Hold” and an average price target of $82.50.

NYSE OMC remained flat at $$75.38 during trading hours on Monday. 1,236,679 shares of the company traded hands, compared to its average volume of 1,880,458. The company has a market cap of $16.55 billion, a P/E ratio of 13.11, a price-to-earnings-growth ratio of 2.52 and a beta of 0.71. Omnicom Group has a 52-week low of $68.58 and a 52-week high of $85.05. The stock has a 50-day moving average of $77.27 and a 200-day moving average of $78.93. The company has a current ratio of 0.87, a quick ratio of 0.76 and a debt-to-equity ratio of 1.94.

Omnicom Group (NYSE:OMC) last posted its quarterly earnings results on Tuesday, October 15th. The business services provider reported $1.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.31 by $0.01. The firm had revenue of $3.62 billion during the quarter, compared to analysts’ expectations of $3.64 billion. Omnicom Group had a net margin of 8.88% and a return on equity of 44.02%. The firm’s revenue for the quarter was down 2.4% on a year-over-year basis. During the same period in the prior year, the company posted $1.32 earnings per share. On average, analysts expect that Omnicom Group will post 6.02 earnings per share for the current year.

In other Omnicom Group news, CAO Andrew Castellaneta sold 3,000 shares of the stock in a transaction dated Thursday, October 17th. The shares were sold at an average price of $75.78, for a total value of $227,340.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.10% of the company’s stock.

Institutional investors have recently modified their holdings of the business. Clark Capital Management Group Inc. purchased a new position in Omnicom Group in the second quarter valued at about $17,298,000. BBT Capital Management LLC acquired a new stake in shares of Omnicom Group in the second quarter valued at approximately $202,000. Russell Investments Group Ltd. grew its position in shares of Omnicom Group by 16.3% in the second quarter. Russell Investments Group Ltd. now owns 644,553 shares of the business services provider’s stock valued at $52,700,000 after purchasing an additional 90,328 shares during the last quarter. Fiduciary Management Inc. WI grew its position in shares of Omnicom Group by 16.5% in the second quarter. Fiduciary Management Inc. WI now owns 5,086,196 shares of the business services provider’s stock valued at $416,814,000 after purchasing an additional 721,926 shares during the last quarter. Finally, GHP Investment Advisors Inc. grew its position in shares of Omnicom Group by 11.2% in the second quarter. GHP Investment Advisors Inc. now owns 12,915 shares of the business services provider’s stock valued at $1,058,000 after purchasing an additional 1,302 shares during the last quarter.

About Omnicom Group

Omnicom Group Inc, together with its subsidiaries, provides advertising, marketing, and corporate communications services. It provides a range of services in the areas of advertising, customer relationship management, public relations, and healthcare. The company's services include advertising, branding, content marketing, corporate social responsibility consulting, crisis communications, custom publishing, data analytics, database management, digital/direct marketing, digital transformation, entertainment marketing, experiential marketing, field marketing, financial/corporate business-to-business advertising, graphic arts/digital imaging, healthcare marketing and communications, and in-store design services.

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Analyst Recommendations for Omnicom Group (NYSE:OMC)

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