Omnicom Group (NYSE:OMC) Upgraded at Zacks Research

Omnicom Group (NYSE:OMC) was upgraded by equities researchers at Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued to investors on Monday, Zacks reports.

Other equities research analysts have also recently issued research reports about the stock. The Goldman Sachs Group assumed coverage on shares of Omnicom Group in a research report on Wednesday, June 3rd. They set a “buy” rating and a $146.00 target price for the company. Weiss Ratings raised shares of Omnicom Group from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, July 30th. Argus upgraded Omnicom Group to a “hold” rating in a report on Monday, September 14th. Wells Fargo & Company increased their price objective on Omnicom Group from $91.00 to $93.00 and gave the company an “overweight” rating in a report on Thursday, July 30th. Finally, Citigroup lowered their price objective on Omnicom Group from $105.00 to $100.00 and set a “buy” rating for the company in a research report on Thursday, July 30th. Four research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $99.00.

Omnicom Group Stock Performance

OMC stock opened at $74.05 on Monday. The firm has a market cap of $20.32 billion, a price-to-earnings ratio of 63.84, a PEG ratio of 0.63 and a beta of 0.65. The firm has a 50-day simple moving average of $82.19 and a two-hundred day simple moving average of $78.30. Omnicom Group has a one year low of $66.33 and a one year high of $89.57. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.78 and a current ratio of 0.92.

Omnicom Group (NYSE:OMC) last released its quarterly earnings results on Tuesday, July 28th. The business services provider reported $2.65 earnings per share for the quarter, missing analysts’ consensus estimates of $2.67 by ($0.02). Omnicom Group had a net margin of 1.74% and a return on equity of 24.73%. The firm had revenue of $6.56 billion during the quarter, compared to the consensus estimate of $6.44 billion. During the same quarter in the prior year, the business posted $2.05 earnings per share. The firm’s quarterly revenue was up 63.4% on a year-over-year basis. On average, equities analysts forecast that Omnicom Group will post 10.5 EPS for the current fiscal year.

Insider Buying and Selling at Omnicom Group

In related news, Director Linda Rice sold 1,385 shares of the company’s stock in a transaction on Monday, August 24th. The stock was sold at an average price of $88.73, for a total value of $122,891.05. Following the transaction, the director directly owned 11,719 shares of the company’s stock, valued at $1,039,826.87. This represents a 10.57% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.20% of the stock is owned by company insiders.

Institutional Trading of Omnicom Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. QRG Capital Management Inc. increased its holdings in shares of Omnicom Group by 22.2% in the second quarter. QRG Capital Management Inc. now owns 5,534 shares of the business services provider’s stock valued at $403,000 after purchasing an additional 1,007 shares during the period. Envestnet Portfolio Solutions Inc. raised its stake in shares of Omnicom Group by 3.1% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 9,441 shares of the business services provider’s stock worth $688,000 after purchasing an additional 286 shares during the last quarter. Andra AP fonden lifted its holdings in shares of Omnicom Group by 15.8% during the second quarter. Andra AP fonden now owns 144,224 shares of the business services provider’s stock worth $10,504,000 after purchasing an additional 19,673 shares during the period. Security National Bank of SO Dak acquired a new stake in shares of Omnicom Group during the second quarter worth about $77,000. Finally, Capital Analysts LLC boosted its position in Omnicom Group by 1,590.4% in the second quarter. Capital Analysts LLC now owns 2,637 shares of the business services provider’s stock valued at $192,000 after buying an additional 2,481 shares during the last quarter. Institutional investors and hedge funds own 91.97% of the company’s stock.

About Omnicom Group

Omnicom Group Inc is a global marketing and communications company that provides advertising, media, branding, public relations, customer relationship management and specialty marketing services. Through its network of agencies and specialized businesses, the company helps clients develop brands, engage customers and execute integrated marketing campaigns across traditional and digital channels.

Omnicom’s services include creative advertising, strategic media planning and buying, digital marketing, data and precision marketing, public relations, healthcare communications, experiential marketing, commerce and consulting.