Omnicom Group's (OMC) "Hold (C)" Rating Reaffirmed at Weiss Ratings

Key Points

• Omnicom Group's stock rating has been reaffirmed as "hold (C)" by Weiss Ratings, reflecting cautious sentiment among analysts regarding its performance.
• The stock price decreased by 0.9% to $78.94, with the company maintaining a market capitalization of approximately $15.29 billion.
• Despite the stock's current status, analysts give Omnicom a consensus rating of "Moderate Buy," with an average target price of $96.29.

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

A number of other research firms have also weighed in on OMC. Barclays lowered shares of Omnicom Group from an "overweight" rating to an "equal weight" rating and dropped their price objective for the company from $105.00 to $80.00 in a research note on Wednesday, June 25th. Wells Fargo & Company upgraded shares of Omnicom Group from an "equal weight" rating to an "overweight" rating and increased their target price for the company from $78.00 to $91.00 in a report on Tuesday, September 23rd. JPMorgan Chase & Co. lowered their target price on shares of Omnicom Group from $104.00 to $96.00 and set an "overweight" rating for the company in a report on Thursday, July 10th. Finally, Bank of America upgraded shares of Omnicom Group from an "underperform" rating to a "neutral" rating and set a $80.00 target price for the company in a report on Monday, June 23rd. Five research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $96.29.

Omnicom Group Stock Down 0.9%

Shares of Omnicom Group stock traded down $0.69 during trading hours on Wednesday, reaching $78.94. The company's stock had a trading volume of 140,920 shares, compared to its average volume of 3,636,419. Omnicom Group has a one year low of $68.37 and a one year high of $107.00. The company has a market capitalization of $15.29 billion, a P/E ratio of 11.33, a P/E/G ratio of 1.56 and a beta of 0.96. The stock's fifty day simple moving average is $76.66 and its two-hundred day simple moving average is $75.06. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.80 and a current ratio of 0.92.

Omnicom Group (NYSE:OMC - Get Free Report) last released its quarterly earnings data on Tuesday, July 15th. The business services provider reported $2.05 earnings per share for the quarter, beating analysts' consensus estimates of $2.02 by $0.03. Omnicom Group had a net margin of 8.67% and a return on equity of 33.62%. The firm had revenue of $4.02 billion for the quarter, compared to analyst estimates of $3.95 billion. During the same period last year, the firm earned $1.95 earnings per share. The business's quarterly revenue was up 4.2% compared to the same quarter last year. On average, research analysts forecast that Omnicom Group will post 8.25 earnings per share for the current year.

Hedge Funds Weigh In On Omnicom Group

Several large investors have recently modified their holdings of OMC. Capital A Wealth Management LLC increased its stake in shares of Omnicom Group by 548.3% in the second quarter. Capital A Wealth Management LLC now owns 376 shares of the business services provider's stock worth $27,000 after purchasing an additional 318 shares in the last quarter. Harbor Asset Planning Inc. purchased a new position in shares of Omnicom Group in the second quarter worth about $29,000. Zions Bancorporation National Association UT purchased a new position in shares of Omnicom Group in the first quarter worth about $34,000. Ameritas Advisory Services LLC purchased a new position in shares of Omnicom Group in the second quarter worth about $34,000. Finally, Gen Wealth Partners Inc purchased a new position in shares of Omnicom Group in the first quarter worth about $36,000. Hedge funds and other institutional investors own 91.97% of the company's stock.

About Omnicom Group

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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