Wells Fargo & Company Issues Pessimistic Forecast for Omnicom Group (NYSE:OMC) Stock Price

Omnicom Group (NYSE:OMC - Get Free Report) had its price objective decreased by equities research analysts at Wells Fargo & Company from $99.00 to $84.00 in a report issued on Wednesday,Benzinga reports. The firm currently has an "equal weight" rating on the business services provider's stock. Wells Fargo & Company's price objective suggests a potential upside of 17.29% from the company's previous close.

A number of other analysts also recently weighed in on the stock. Argus downgraded shares of Omnicom Group from a "buy" rating to a "hold" rating in a research report on Friday, February 14th. JPMorgan Chase & Co. cut their price target on Omnicom Group from $119.00 to $116.00 and set an "overweight" rating on the stock in a research note on Monday, January 27th. UBS Group dropped their target price on Omnicom Group from $117.00 to $104.00 and set a "buy" rating on the stock in a report on Thursday, March 20th. Barclays dropped their price target on shares of Omnicom Group from $121.00 to $110.00 and set an "overweight" rating on the stock in a research note on Friday, January 24th. Finally, Citigroup reiterated a "buy" rating and issued a $103.00 target price on shares of Omnicom Group in a research note on Tuesday, April 15th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $101.29.

Omnicom Group Trading Down 2.2 %

Shares of Omnicom Group stock traded down $1.62 during midday trading on Wednesday, reaching $71.62. 1,086,363 shares of the company's stock traded hands, compared to its average volume of 3,435,528. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.90 and a current ratio of 1.00. The stock has a 50 day moving average of $79.57 and a 200-day moving average of $89.31. The company has a market cap of $14.08 billion, a PE ratio of 9.61, a price-to-earnings-growth ratio of 1.94 and a beta of 0.87. Omnicom Group has a 12 month low of $69.13 and a 12 month high of $107.00.

Omnicom Group (NYSE:OMC - Get Free Report) last issued its quarterly earnings data 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 net margin of 9.44% and a return on equity of 36.39%. The business had revenue of $3.69 billion during the quarter, compared to analyst estimates of $3.73 billion. As a group, equities analysts expect that Omnicom Group will post 8.25 EPS for the current fiscal year.

Institutional Trading of Omnicom Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in OMC. ST Germain D J Co. Inc. bought a new position in Omnicom Group in the 4th quarter worth $25,000. Versant Capital Management Inc lifted its position in shares of Omnicom Group by 645.2% during the 4th quarter. Versant Capital Management Inc now owns 313 shares of the business services provider's stock valued at $27,000 after buying an additional 271 shares in the last quarter. Venturi Wealth Management LLC grew its stake in shares of Omnicom Group by 146.6% during the 4th 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 during the period. Johnson Financial Group Inc. increased its holdings 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 worth $29,000 after acquiring an additional 200 shares in the last quarter. Finally, CoreCap Advisors LLC raised its stake in Omnicom Group by 708.8% during the 4th quarter. CoreCap Advisors LLC now owns 461 shares of the business services provider's stock worth $40,000 after acquiring an additional 404 shares during the period. 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.