Argus upgraded shares of Omnicom Group Inc. (NYSE:OMC) from a hold rating to a buy rating in a report released on Tuesday morning, Marketbeat Ratings reports.
Several other research firms also recently weighed in on OMC. Royal Bank Of Canada set a $96.00 target price on Omnicom Group and gave the company a buy rating in a research report on Saturday, July 22nd. Wells Fargo & Company reaffirmed a hold rating and issued a $84.00 target price on shares of Omnicom Group in a research report on Tuesday, July 18th. Zacks Investment Research downgraded Omnicom Group from a buy rating to a hold rating in a research report on Monday, July 17th. Jefferies Group LLC reissued a hold rating and set a $82.00 price objective on shares of Omnicom Group in a research report on Friday, July 14th. Finally, Credit Suisse Group reissued a neutral rating and set a $79.00 price objective (down from $81.00) on shares of Omnicom Group in a research report on Friday, July 14th. Three equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and three have given a buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus target price of $84.00.
Omnicom Group (NYSE OMC) traded down $1.42 during trading on Tuesday, hitting $66.21. 1,820,559 shares of the stock traded hands, compared to its average volume of 2,788,449. The stock has a market cap of $15.26 billion, a PE ratio of 13.32 and a beta of 1.22.
Omnicom Group (NYSE:OMC) last released its earnings results on Tuesday, October 17th. The business services provider reported $1.13 earnings per share for the quarter, beating the consensus estimate of $1.10 by $0.03. The company had revenue of $3.72 billion during the quarter, compared to the consensus estimate of $3.69 billion. Omnicom Group had a return on equity of 42.11% and a net margin of 7.72%. Omnicom Group’s revenue was down 1.9% compared to the same quarter last year. During the same period in the previous year, the company posted $1.06 EPS. equities analysts forecast that Omnicom Group will post 5.11 earnings per share for the current year.
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In other Omnicom Group news, Director Linda Johnson Rice sold 489 shares of the business’s stock in a transaction that occurred on Thursday, October 19th. The stock was sold at an average price of $74.32, for a total value of $36,342.48. Following the completion of the sale, the director now owns 7,777 shares in the company, valued at $577,986.64. The sale was disclosed in a document filed with the SEC, which is available through this link. 1.10% of the stock is currently owned by insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Security National Bank of Sioux City Iowa IA lifted its stake in Omnicom Group by 0.3% in the second quarter. Security National Bank of Sioux City Iowa IA now owns 11,858 shares of the business services provider’s stock valued at $983,000 after buying an additional 35 shares during the last quarter. Pennsylvania Trust Co lifted its stake in Omnicom Group by 1.1% in the second quarter. Pennsylvania Trust Co now owns 4,596 shares of the business services provider’s stock valued at $381,000 after buying an additional 50 shares during the last quarter. Financial Counselors Inc. lifted its stake in Omnicom Group by 1.5% in the second quarter. Financial Counselors Inc. now owns 3,728 shares of the business services provider’s stock valued at $309,000 after buying an additional 54 shares during the last quarter. WMS Partners LLC raised its stake in shares of Omnicom Group by 1.2% during the second quarter. WMS Partners LLC now owns 4,650 shares of the business services provider’s stock worth $385,000 after purchasing an additional 55 shares during the last quarter. Finally, Tdam USA Inc. raised its stake in shares of Omnicom Group by 0.5% during the second quarter. Tdam USA Inc. now owns 16,379 shares of the business services provider’s stock worth $1,365,000 after purchasing an additional 74 shares during the last quarter. Institutional investors own 98.97% of the company’s stock.
Omnicom Group Company Profile
Omnicom Group Inc is a holding company. The Company provides advertising, marketing and corporate communications services. The Company’s branded networks and agencies operate in all markets around the world and provide a range of services, which it groups into four disciplines: advertising, customer relationship management (CRM), public relations and specialty communications.
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