Omnicom Group (NYSE:OMC) Raised to “Hold” at ValuEngine

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

Several other brokerages have also commented on OMC. Citigroup decreased their price target on Omnicom Group from $87.00 to $86.00 and set a “neutral” rating on the stock in a research note on Monday, September 9th. Barclays set a $84.00 price target on Omnicom Group and gave the stock a “hold” rating in a report on Friday, September 27th. Wells Fargo & Co began coverage on Omnicom Group in a research report on Monday, September 23rd. They set a “market perform” rating and a $81.00 price objective for the company. Finally, Zacks Investment Research upgraded shares of Omnicom Group from a “sell” rating to a “hold” rating and set a $82.00 price objective on the stock in a report on Monday, October 14th. Seven research analysts have rated the stock with a hold rating, Omnicom Group currently has a consensus rating of “Hold” and an average target price of $82.50.

Shares of OMC stock traded up $0.45 during trading on Wednesday, hitting $80.84. 1,687,300 shares of the stock traded hands, compared to its average volume of 1,811,167. Omnicom Group has a 52-week low of $68.58 and a 52-week high of $85.05. The firm has a market capitalization of $17.43 billion, a P/E ratio of 14.06, a price-to-earnings-growth ratio of 2.65 and a beta of 0.69. The firm’s fifty day moving average price is $78.56 and its 200-day moving average price is $78.83. The company has a debt-to-equity ratio of 1.94, a current ratio of 0.87 and a quick ratio of 0.77.

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

In other news, CAO Andrew Castellaneta sold 3,000 shares of Omnicom Group stock in a transaction on Thursday, October 17th. The stock was 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 can be accessed through this hyperlink. Also, Director Linda Johnson Rice sold 463 shares of Omnicom Group stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of $77.14, for a total value of $35,715.82. The disclosure for this sale can be found here. Corporate insiders own 1.10% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Resources Management Corp CT ADV purchased a new stake in Omnicom Group during the third quarter worth about $128,000. Maverick Capital Ltd. acquired a new stake in shares of Omnicom Group during the third quarter worth about $1,076,000. Millennium Management LLC purchased a new position in shares of Omnicom Group in the third quarter valued at approximately $1,871,000. Man Group plc boosted its stake in shares of Omnicom Group by 6.0% in the third quarter. Man Group plc now owns 508,784 shares of the business services provider’s stock valued at $39,837,000 after purchasing an additional 28,848 shares during the period. Finally, Squarepoint Ops LLC acquired a new position in shares of Omnicom Group in the third quarter valued at approximately $892,000.

Omnicom Group Company Profile

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

Analyst Recommendations for Omnicom Group (NYSE:OMC)

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