Omnicom Group (NYSE:OMC) Upgraded at Wells Fargo & Company

Omnicom Group (NYSE:OMC) was upgraded by stock analysts at Wells Fargo & Company from an “equal weight” rating to an “overweight” rating in a report issued on Wednesday, MarketBeat.com reports. The brokerage currently has a $106.00 price objective on the business services provider’s stock, up from their previous price objective of $91.00. Wells Fargo & Company‘s price objective points to a potential upside of 14.89% from the stock’s previous close.

Several other research firms have also recently commented on OMC. JPMorgan Chase & Co. cut their target price on shares of Omnicom Group from $106.00 to $104.00 and set an “overweight” rating for the company in a research note on Wednesday, February 7th. StockNews.com upgraded shares of Omnicom Group from a “hold” rating to a “buy” rating in a research note on Thursday, April 4th. UBS Group assumed coverage on shares of Omnicom Group in a research note on Thursday, January 11th. They set a “buy” rating and a $117.00 target price for the company. BNP Paribas upgraded shares of Omnicom Group from a “neutral” rating to an “outperform” rating and set a $115.00 target price for the company in a research note on Thursday, March 28th. Finally, Macquarie upped their target price on shares of Omnicom Group from $100.00 to $110.00 and gave the company an “outperform” rating in a research note on Tuesday, April 2nd. One research analyst has rated the stock with a sell rating, one has issued a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $104.56.

Omnicom Group Stock Up 1.4 %

NYSE OMC traded up $1.30 during trading on Wednesday, reaching $92.26. The company’s stock had a trading volume of 2,449,028 shares, compared to its average volume of 1,621,949. The company has a current ratio of 0.95, a quick ratio of 0.86 and a debt-to-equity ratio of 1.16. The stock has a market capitalization of $18.19 billion, a PE ratio of 13.30, a PEG ratio of 2.17 and a beta of 0.97. The business has a 50-day moving average price of $91.13 and a 200-day moving average price of $85.09. Omnicom Group has a 1-year low of $72.20 and a 1-year high of $99.23.

Omnicom Group (NYSE:OMC) last issued its quarterly earnings data on Monday, February 5th. The business services provider reported $2.20 earnings per share for the quarter, topping analysts’ consensus estimates of $2.16 by $0.04. Omnicom Group had a net margin of 9.47% and a return on equity of 39.07%. The business had revenue of $4.06 billion during the quarter, compared to analysts’ expectations of $4 billion. During the same period in the previous year, the company earned $2.09 earnings per share. Omnicom Group’s revenue for the quarter was up 5.0% on a year-over-year basis. On average, research analysts forecast that Omnicom Group will post 7.73 earnings per share for the current fiscal year.

Insider Transactions at Omnicom Group

In other news, Director Linda Johnson Rice sold 507 shares of the company’s stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $86.66, for a total value of $43,936.62. Following the sale, the director now owns 9,753 shares of the company’s stock, valued at approximately $845,194.98. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.30% of the stock is owned by insiders.

Institutional Investors Weigh In On Omnicom Group

Hedge funds have recently added to or reduced their stakes in the stock. OFI Invest Asset Management bought a new stake in Omnicom Group during the 3rd quarter worth about $25,000. HHM Wealth Advisors LLC acquired a new position in Omnicom Group during the 4th quarter valued at about $26,000. Frazier Financial Advisors LLC acquired a new position in Omnicom Group during the 4th quarter valued at about $26,000. Pinnacle Bancorp Inc. lifted its position in Omnicom Group by 61.6% during the 4th quarter. Pinnacle Bancorp Inc. now owns 328 shares of the business services provider’s stock valued at $28,000 after purchasing an additional 125 shares during the period. Finally, Richardson Financial Services Inc. acquired a new position in Omnicom Group during the 4th quarter valued at about $29,000. 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.