Omnicom Group (NYSE:OMC) Lifted to “Outperform” at BNP Paribas

Omnicom Group (NYSE:OMC) was upgraded by research analysts at BNP Paribas from a “neutral” rating to an “outperform” rating in a note issued to investors on Thursday, Marketbeat.com reports. The firm currently has a $115.00 price objective on the business services provider’s stock. BNP Paribas’ target price would indicate a potential upside of 20.85% from the company’s previous close.

Other analysts also recently issued research reports about the stock. Wells Fargo & Company raised their price objective on shares of Omnicom Group from $85.00 to $91.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 7th. Morgan Stanley upgraded shares of Omnicom Group from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $90.00 to $100.00 in a research note on Friday, December 15th. JPMorgan Chase & Co. cut their price target on shares of Omnicom Group from $106.00 to $104.00 and set an “overweight” rating for the company in a research note on Wednesday, February 7th. Macquarie upgraded shares of Omnicom Group from a “neutral” rating to an “outperform” rating and boosted their price objective for the stock from $80.00 to $100.00 in a report on Friday, January 5th. Finally, Barclays raised their price target on Omnicom Group from $95.00 to $100.00 and gave the stock an “equal weight” rating in a research report on Monday, January 29th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $101.33.

Omnicom Group Stock Up 2.6 %

Shares of OMC opened at $95.16 on Thursday. The company has a market cap of $18.84 billion, a P/E ratio of 13.75, a P/E/G ratio of 2.22 and a beta of 0.96. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.95 and a quick ratio of 0.86. Omnicom Group has a one year low of $72.20 and a one year high of $99.23. The firm has a 50 day simple moving average of $89.91 and a two-hundred day simple moving average of $83.22.

Omnicom Group (NYSE:OMC) last released its quarterly earnings data on Monday, February 5th. The business services provider reported $2.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.16 by $0.04. Omnicom Group had a net margin of 9.47% and a return on equity of 39.07%. The company had revenue of $4.06 billion for the quarter, compared to analysts’ expectations of $4 billion. During the same quarter in the prior year, the firm earned $2.09 EPS. The business’s revenue was up 5.0% on a year-over-year basis. Research analysts forecast that Omnicom Group will post 7.73 EPS for the current fiscal year.

Insider Activity

In other news, Director Linda Johnson Rice sold 507 shares of the business’s stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $86.66, for a total transaction of $43,936.62. Following the sale, the director now owns 9,753 shares in the company, valued at $845,194.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 1.30% of the company’s stock.

Institutional Trading of Omnicom Group

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Aviva PLC raised its stake in shares of Omnicom Group by 406.1% during the 3rd quarter. Aviva PLC now owns 126,306 shares of the business services provider’s stock worth $9,407,000 after buying an additional 101,348 shares during the period. NBC Securities Inc. purchased a new stake in shares of Omnicom Group in the third quarter valued at approximately $200,000. AEGON ASSET MANAGEMENT UK Plc acquired a new position in Omnicom Group during the fourth quarter worth $21,936,000. Van Lanschot Kempen Investment Management N.V. increased its position in Omnicom Group by 1.9% during the third quarter. Van Lanschot Kempen Investment Management N.V. now owns 167,486 shares of the business services provider’s stock worth $12,474,000 after purchasing an additional 3,043 shares during the last quarter. Finally, Vest Financial LLC increased its holdings in shares of Omnicom Group by 24.6% during the 4th quarter. Vest Financial LLC now owns 148,496 shares of the business services provider’s stock worth $12,846,000 after buying an additional 29,339 shares during the last quarter. Institutional investors and hedge funds own 91.97% of the company’s stock.

Omnicom Group Company Profile

Omnicom Group Inc, together with its subsidiaries, offers advertising, marketing, and corporate communications services. It provides a range of services in the areas of advertising and media, precision marketing, commerce and branding, experiential, execution and support, public relations, and healthcare.