Omnicom Group (NYSE:OMC) was upgraded by Macquarie from an “underperform” rating to a “neutral” rating in a research report issued on Friday, February 16th, MarketBeat Ratings reports. The brokerage currently has a $77.00 price objective on the business services provider’s stock. Macquarie’s price target suggests a potential upside of 4.11% from the stock’s previous close.
Other research analysts have also recently issued research reports about the company. TheStreet upgraded Omnicom Group from a “c+” rating to a “b-” rating in a report on Tuesday, February 13th. Argus upgraded Omnicom Group from a “hold” rating to a “buy” rating in a research note on Tuesday, October 31st. Pivotal Research reduced their price objective on Omnicom Group from $76.00 to $75.00 and set a “hold” rating on the stock in a research note on Thursday, February 15th. ValuEngine cut Omnicom Group from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Finally, Barclays restated a “hold” rating and set a $81.00 price objective on shares of Omnicom Group in a research note on Thursday, January 25th. Three research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $82.77.
Shares of Omnicom Group (NYSE OMC) traded up $0.21 during trading on Friday, reaching $73.96. The company had a trading volume of 1,730,000 shares, compared to its average volume of 3,210,000. Omnicom Group has a 52-week low of $65.32 and a 52-week high of $86.71. The firm has a market capitalization of $17,030.00, a PE ratio of 14.47, a P/E/G ratio of 2.26 and a beta of 1.15. The company has a quick ratio of 0.86, a current ratio of 0.93 and a debt-to-equity ratio of 1.56.
Omnicom Group (NYSE:OMC) last issued its earnings results on Thursday, February 15th. The business services provider reported $1.55 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.54 by $0.01. Omnicom Group had a return on equity of 40.67% and a net margin of 7.12%. The firm had revenue of $4.18 billion for the quarter, compared to analysts’ expectations of $4.21 billion. During the same quarter last year, the firm earned $1.47 earnings per share. The firm’s revenue for the quarter was down 1.5% compared to the same quarter last year. analysts predict that Omnicom Group will post 5.6 EPS for the current fiscal year.
In other news, Treasurer Dennis E. Hewitt sold 2,000 shares of Omnicom Group stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $77.38, for a total transaction of $154,760.00. Following the sale, the treasurer now directly owns 42,561 shares of the company’s stock, valued at $3,293,370.18. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 1.10% of the stock is currently owned by insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the company. SeaCrest Wealth Management LLC purchased a new stake in shares of Omnicom Group during the fourth quarter worth about $104,000. MUFG Americas Holdings Corp increased its position in shares of Omnicom Group by 123.8% during the fourth quarter. MUFG Americas Holdings Corp now owns 1,531 shares of the business services provider’s stock worth $112,000 after acquiring an additional 847 shares during the last quarter. Tower Research Capital LLC TRC purchased a new stake in shares of Omnicom Group during the fourth quarter worth about $199,000. Eagle Ridge Investment Management purchased a new stake in shares of Omnicom Group during the third quarter worth about $201,000. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in shares of Omnicom Group during the third quarter worth about $205,000. 98.62% of the stock is currently owned by institutional investors and hedge funds.
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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