Omnicom Group (NYSE:OMC)‘s stock had its “hold” rating reissued by analysts at Wells Fargo & Co in a research report issued to clients and investors on Friday. They currently have a $80.00 target price on the business services provider’s stock. Wells Fargo & Co’s price objective would indicate a potential upside of 1.63% from the company’s current price.
A number of other research analysts have also commented on OMC. Argus raised shares of Omnicom Group from a “hold” rating to a “buy” rating in a research report on Tuesday, October 31st. TheStreet lowered shares of Omnicom Group from a “b-” rating to a “c+” rating in a research report on Tuesday, November 21st. Macquarie lowered shares of Omnicom Group from a “neutral” rating to an “underperform” rating and set a $83.00 price target for the company. in a research report on Tuesday, January 2nd. Zacks Investment Research lowered shares of Omnicom Group from a “hold” rating to a “sell” rating in a research report on Tuesday, January 2nd. Finally, Bank of America lowered shares of Omnicom Group from a “neutral” rating to an “underperform” rating in a research report on Thursday, January 25th. Four analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $83.07.
Omnicom Group (OMC) opened at $78.72 on Friday. The company has a market cap of $18,126.70, a PE ratio of 15.59, a PEG ratio of 2.56 and a beta of 1.20. The company has a current ratio of 0.90, a quick ratio of 0.79 and a debt-to-equity ratio of 1.62. Omnicom Group has a 52-week low of $65.32 and a 52-week high of $86.71.
Omnicom Group (NYSE:OMC) last announced its quarterly earnings data on Thursday, February 15th. The business services provider reported $1.55 EPS for the quarter, beating the Zacks’ consensus estimate of $1.54 by $0.01. The business had revenue of $4.18 billion during the quarter, compared to analyst estimates of $4.21 billion. Omnicom Group had a net margin of 7.12% and a return on equity of 41.86%. The firm’s revenue for the quarter was down 1.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.47 earnings per share. sell-side analysts forecast that Omnicom Group will post 5.5 EPS for the current fiscal year.
In other Omnicom Group news, insider Peter K. Sherman sold 8,310 shares of the company’s stock in a transaction dated Monday, December 11th. The shares were sold at an average price of $74.31, for a total transaction of $617,516.10. Following the sale, the insider now directly owns 21,271 shares of the company’s stock, valued at $1,580,648.01. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 1.10% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently modified their holdings of the business. Sawtooth Solutions LLC grew its stake in Omnicom Group by 14.1% during the fourth quarter. Sawtooth Solutions LLC now owns 7,149 shares of the business services provider’s stock worth $521,000 after buying an additional 881 shares during the last quarter. Altman Advisors Inc. bought a new stake in Omnicom Group during the fourth quarter worth about $327,000. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp grew its stake in Omnicom Group by 25.6% during the fourth quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 658,300 shares of the business services provider’s stock worth $47,944,000 after buying an additional 134,100 shares during the last quarter. BB&T Investment Services Inc. grew its stake in Omnicom Group by 5.8% during the fourth quarter. BB&T Investment Services Inc. now owns 22,209 shares of the business services provider’s stock worth $1,631,000 after buying an additional 1,226 shares during the last quarter. Finally, Lake Street Advisors Group LLC bought a new stake in Omnicom Group during the fourth quarter worth about $229,000. 98.62% of the stock is currently owned by hedge funds and other institutional investors.
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About Omnicom Group
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 all 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.
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