Omnicom Group (NYSE:OMC) Receives "Hold (C)" Rating from Weiss Ratings

Omnicom Group (NYSE:OMC - Get Free Report)'s stock had its "hold (c)" rating restated by research analysts at Weiss Ratings in a research note issued to investors on Saturday,Weiss Ratings reports.

Several other research analysts also recently weighed in on the company. Barclays increased their price target on Omnicom Group from $80.00 to $82.00 and gave the stock an "equal weight" rating in a research note on Thursday. JPMorgan Chase & Co. cut their price target on Omnicom Group from $104.00 to $96.00 and set an "overweight" rating for the company in a research note on Thursday, July 10th. Finally, Wells Fargo & Company upgraded Omnicom Group from an "equal weight" rating to an "overweight" rating and raised their target price for the stock from $78.00 to $91.00 in a research note on Tuesday, September 23rd. Five research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. According to data from MarketBeat.com, Omnicom Group has a consensus rating of "Moderate Buy" and an average price target of $96.57.

Omnicom Group Trading Down 1.7%

NYSE OMC opened at $78.97 on Friday. The firm has a market capitalization of $15.24 billion, a P/E ratio of 11.66, a PEG ratio of 1.52 and a beta of 0.96. The business has a fifty day simple moving average of $77.85 and a 200 day simple moving average of $75.14. Omnicom Group has a 12 month low of $68.37 and a 12 month high of $107.00. The company has a current ratio of 0.92, a quick ratio of 0.80 and a debt-to-equity ratio of 0.95.

Omnicom Group (NYSE:OMC - Get Free Report) last posted its quarterly earnings results on Tuesday, October 21st. The business services provider reported $2.24 earnings per share for the quarter, topping the consensus estimate of $2.17 by $0.07. The company had revenue of $4.04 billion during the quarter, compared to the consensus estimate of $4.02 billion. Omnicom Group had a return on equity of 33.30% and a net margin of 8.31%.The firm's quarterly revenue was up 4.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.03 EPS. On average, analysts predict that Omnicom Group will post 8.25 EPS for the current fiscal year.

Institutional Trading of Omnicom Group

Several institutional investors and hedge funds have recently modified their holdings of the business. JPMorgan Chase & Co. raised its holdings in shares of Omnicom Group by 117.9% during the 2nd quarter. JPMorgan Chase & Co. now owns 6,213,705 shares of the business services provider's stock valued at $447,017,000 after buying an additional 3,362,411 shares in the last quarter. Pacer Advisors Inc. raised its holdings in shares of Omnicom Group by 17,506.1% during the 1st quarter. Pacer Advisors Inc. now owns 2,744,080 shares of the business services provider's stock valued at $227,512,000 after buying an additional 2,728,494 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Omnicom Group by 38.5% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 4,514,628 shares of the business services provider's stock valued at $324,782,000 after buying an additional 1,255,197 shares in the last quarter. Massachusetts Financial Services Co. MA increased its stake in Omnicom Group by 20.2% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 7,178,226 shares of the business services provider's stock worth $595,147,000 after purchasing an additional 1,205,165 shares during the period. Finally, Baird Financial Group Inc. increased its stake in Omnicom Group by 44.5% in the 1st quarter. Baird Financial Group Inc. now owns 3,896,270 shares of the business services provider's stock worth $323,040,000 after purchasing an additional 1,199,725 shares during the period. Hedge funds and other institutional investors 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.

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