Omnicom Group (OMC) Lowered to Sell at ValuEngine

ValuEngine cut shares of Omnicom Group (NYSE:OMC) from a hold rating to a sell rating in a report issued on Wednesday morning.

Several other research analysts have also commented on OMC. Zacks Investment Research upgraded Omnicom Group from a sell rating to a hold rating in a report on Wednesday, January 24th. Bank of America lowered Omnicom Group from a neutral rating to an underperform rating in a report on Thursday, January 25th. Barclays reiterated a hold rating and set a $81.00 price target on shares of Omnicom Group in a report on Thursday, January 25th. Morgan Stanley boosted their price objective on shares of Omnicom Group from $72.00 to $76.00 and gave the company an underweight rating in a report on Wednesday, January 31st. Finally, TheStreet upgraded shares of Omnicom Group from a c+ rating to a b- rating in a report on Tuesday, February 13th. Four analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have assigned a buy rating to the company. The stock currently has an average rating of Hold and an average price target of $81.09.

NYSE OMC opened at $72.25 on Wednesday. Omnicom Group has a 52 week low of $65.32 and a 52 week high of $85.44. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.81 and a current ratio of 0.91. The firm has a market cap of $17.11 billion, a PE ratio of 14.42, a P/E/G ratio of 2.30 and a beta of 1.15.

Omnicom Group (NYSE:OMC) last posted its quarterly earnings results on Tuesday, April 17th. The business services provider reported $1.14 EPS for the quarter, topping the consensus estimate of $1.06 by $0.08. Omnicom Group had a return on equity of 39.97% and a net margin of 7.25%. The business had revenue of $3.63 billion for the quarter, compared to analyst estimates of $3.63 billion. During the same quarter in the previous year, the firm earned $1.02 EPS. The company’s quarterly revenue was up 1.2% compared to the same quarter last year. sell-side analysts expect that Omnicom Group will post 5.65 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 12th. Investors of record on Thursday, June 14th will be issued a $0.60 dividend. The ex-dividend date of this dividend is Wednesday, June 13th. This represents a $2.40 annualized dividend and a yield of 3.32%. Omnicom Group’s dividend payout ratio (DPR) is currently 47.06%.

In other Omnicom Group news, Director Linda Johnson Rice sold 499 shares of Omnicom Group stock in a transaction dated Thursday, April 19th. The stock was sold at an average price of $75.31, for a total value of $37,579.69. Following the completion of the transaction, the director now directly owns 7,900 shares of the company’s stock, valued at approximately $594,949. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 1.20% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in OMC. Creative Planning grew its position in Omnicom Group by 17.4% in the 4th quarter. Creative Planning now owns 5,513 shares of the business services provider’s stock valued at $402,000 after acquiring an additional 817 shares in the last quarter. Schwab Charles Investment Management Inc. grew its position in Omnicom Group by 4.0% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 1,245,239 shares of the business services provider’s stock valued at $90,691,000 after acquiring an additional 47,421 shares in the last quarter. UMB Bank N A MO acquired a new position in Omnicom Group in the 4th quarter valued at about $327,000. Regentatlantic Capital LLC grew its position in Omnicom Group by 44.8% in the 4th quarter. Regentatlantic Capital LLC now owns 20,327 shares of the business services provider’s stock valued at $1,480,000 after acquiring an additional 6,289 shares in the last quarter. Finally, Beutel Goodman & Co Ltd. grew its position in Omnicom Group by 9.0% in the 4th quarter. Beutel Goodman & Co Ltd. now owns 3,096,363 shares of the business services provider’s stock valued at $180,154,000 after acquiring an additional 256,713 shares in the last quarter.

Omnicom Group Company Profile

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

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Omnicom Group (NYSE:OMC)

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