Omnicom Group (NYSE:OMC) Downgraded by Barclays to "Equal Weight"

Omnicom Group (NYSE:OMC - Get Free Report) was downgraded by investment analysts at Barclays from an "overweight" rating to an "equal weight" rating in a research report issued to clients and investors on Wednesday,Finviz reports. They currently have a $80.00 price target on the business services provider's stock. Barclays's target price suggests a potential upside of 10.39% from the company's previous close.

A number of other analysts also recently issued reports on the stock. JPMorgan Chase & Co. cut their price target on shares of Omnicom Group from $116.00 to $104.00 and set an "overweight" rating for the company in a report on Wednesday, April 16th. UBS Group cut their target price on Omnicom Group from $117.00 to $104.00 and set a "buy" rating for the company in a research note on Thursday, March 20th. Wells Fargo & Company decreased their price target on Omnicom Group from $99.00 to $84.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 16th. Citigroup reiterated a "buy" rating and set a $103.00 price target on shares of Omnicom Group in a report on Tuesday, April 15th. Finally, Bank of America upgraded shares of Omnicom Group from an "underperform" rating to a "neutral" rating and set a $80.00 price objective on the stock in a report on Monday. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $96.43.

Omnicom Group Stock Performance

Shares of Omnicom Group stock opened at $72.47 on Wednesday. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.87 and a current ratio of 1.01. The business's 50 day moving average price is $73.63 and its 200 day moving average price is $79.94. The company has a market cap of $14.14 billion, a price-to-earnings ratio of 9.91, a PEG ratio of 1.72 and a beta of 0.93. Omnicom Group has a one year low of $68.37 and a one year high of $107.00.

Omnicom Group (NYSE:OMC - Get Free Report) last posted its quarterly earnings results on Tuesday, April 15th. The business services provider reported $1.70 EPS for the quarter, topping the consensus estimate of $1.63 by $0.07. Omnicom Group had a return on equity of 34.85% and a net margin of 9.20%. The business had revenue of $3.69 billion for the quarter, compared to analyst estimates of $3.73 billion. On average, research analysts predict that Omnicom Group will post 8.25 EPS for the current year.

Institutional Investors Weigh In On Omnicom Group

Several large investors have recently added to or reduced their stakes in the business. Venturi Wealth Management LLC raised its stake in shares of Omnicom Group by 146.6% in the fourth quarter. Venturi Wealth Management LLC now owns 328 shares of the business services provider's stock valued at $28,000 after acquiring an additional 195 shares in the last quarter. Johnson Financial Group Inc. raised its position in Omnicom Group by 153.8% in the 4th quarter. Johnson Financial Group Inc. now owns 330 shares of the business services provider's stock valued at $29,000 after purchasing an additional 200 shares in the last quarter. Zions Bancorporation National Association UT purchased a new position in shares of Omnicom Group in the 1st quarter valued at about $34,000. Gen Wealth Partners Inc acquired a new position in shares of Omnicom Group during the first quarter worth about $36,000. Finally, Versant Capital Management Inc raised its holdings in Omnicom Group by 45.7% in the first quarter. Versant Capital Management Inc now owns 456 shares of the business services provider's stock valued at $38,000 after acquiring an additional 143 shares in the last quarter. 91.97% of the stock is owned by hedge funds and other institutional investors.

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.

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