Omnicom Group (NYSE:OMC) Stock Rating Lowered by StockNews.com

Omnicom Group (NYSE:OMCGet Rating) was downgraded by StockNews.com from a “hold” rating to a “sell” rating in a note issued to investors on Thursday.

OMC has been the subject of several other reports. Macquarie raised their price objective on Omnicom Group from $85.00 to $98.00 and gave the stock an “outperform” rating in a research note on Thursday, February 10th. Barclays lowered Omnicom Group from an “overweight” rating to an “equal weight” rating and reduced their target price for the company from $103.00 to $90.00 in a report on Monday, March 14th. BMO Capital Markets increased their target price on Omnicom Group from $82.00 to $89.00 in a report on Thursday. Zacks Investment Research lowered Omnicom Group from a “hold” rating to a “sell” rating and set a $81.00 target price for the company. in a report on Wednesday, January 12th. Finally, Wells Fargo & Company increased their target price on Omnicom Group from $85.00 to $96.00 and gave the company an “equal weight” rating in a report on Wednesday, February 9th. Four analysts have rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $88.80.

OMC opened at $79.01 on Thursday. The firm has a market cap of $16.35 billion, a PE ratio of 12.10, a P/E/G ratio of 2.27 and a beta of 0.75. The company has a quick ratio of 0.91, a current ratio of 0.98 and a debt-to-equity ratio of 1.51. The business has a fifty day simple moving average of $81.80 and a 200-day simple moving average of $76.24. Omnicom Group has a fifty-two week low of $65.76 and a fifty-two week high of $91.61.

Omnicom Group (NYSE:OMCGet Rating) last released its quarterly earnings data on Tuesday, April 19th. The business services provider reported $1.39 earnings per share for the quarter, topping the consensus estimate of $1.31 by $0.08. The business had revenue of $3.41 billion during the quarter, compared to analyst estimates of $3.29 billion. Omnicom Group had a return on equity of 36.60% and a net margin of 9.85%. The company’s revenue was down .5% compared to the same quarter last year. During the same period last year, the company posted $1.33 EPS. On average, equities research analysts anticipate that Omnicom Group will post 6.66 EPS for the current fiscal year.

In related news, VP Rochelle M. Tarlowe sold 1,500 shares of the stock in a transaction on Tuesday, February 15th. The stock was sold at an average price of $85.86, for a total transaction of $128,790.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Andrew Castellaneta sold 5,000 shares of the firm’s stock in a transaction dated Friday, February 11th. The shares were sold at an average price of $85.47, for a total value of $427,350.00. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by company insiders.

A number of institutional investors have recently made changes to their positions in OMC. Clean Yield Group boosted its position in Omnicom Group by 150.7% during the fourth quarter. Clean Yield Group now owns 341 shares of the business services provider’s stock worth $25,000 after purchasing an additional 205 shares during the period. Allworth Financial LP boosted its position in Omnicom Group by 1,581.0% during the third quarter. Allworth Financial LP now owns 353 shares of the business services provider’s stock worth $26,000 after purchasing an additional 332 shares during the period. TCI Wealth Advisors Inc. boosted its position in Omnicom Group by 705.9% during the fourth quarter. TCI Wealth Advisors Inc. now owns 411 shares of the business services provider’s stock worth $30,000 after purchasing an additional 360 shares during the period. Massmutual Trust Co. FSB ADV boosted its position in Omnicom Group by 475.3% during the third quarter. Massmutual Trust Co. FSB ADV now owns 489 shares of the business services provider’s stock worth $35,000 after purchasing an additional 404 shares during the period. Finally, FSB Premier Wealth Management Inc. bought a new stake in shares of Omnicom Group in the fourth quarter valued at approximately $37,000. 91.35% of the stock is owned by hedge funds and other institutional investors.

Omnicom Group Company Profile (Get Rating)

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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