Omnicom Group (OMC) Receives Market Perform Rating from Wells Fargo & Co

Omnicom Group (NYSE:OMC)‘s stock had its “market perform” rating reiterated by investment analysts at Wells Fargo & Co in a report released on Thursday, The Fly reports. They presently have a $75.00 price target on the business services provider’s stock, down from their previous price target of $81.00. Wells Fargo & Co’s price objective would suggest a potential upside of 0.05% from the stock’s previous close.

A number of other equities analysts have also weighed in on OMC. TheStreet lowered Omnicom Group from a “b-” rating to a “c+” rating in a research note on Tuesday, November 21st. BMO Capital Markets reaffirmed a “hold” rating and issued a $85.00 price objective on shares of Omnicom Group in a research note on Wednesday, October 18th. Royal Bank of Canada dropped their price objective on Omnicom Group from $96.00 to $87.00 and set an “outperform” rating for the company in a research note on Wednesday, October 18th. Jefferies Group reaffirmed a “hold” rating and issued a $82.00 price objective on shares of Omnicom Group in a research note on Thursday, September 21st. Finally, Credit Suisse Group upped their price objective on Omnicom Group from $78.00 to $80.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 18th. Five equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the stock. Omnicom Group currently has an average rating of “Hold” and an average target price of $83.71.

Omnicom Group (NYSE OMC) traded down $1.07 during midday trading on Thursday, hitting $74.96. The stock had a trading volume of 3,040,000 shares, compared to its average volume of 1,623,208. The company has a market capitalization of $17,280.75, a price-to-earnings ratio of 14.93, a price-to-earnings-growth ratio of 2.00 and a beta of 1.23. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.79 and a current ratio of 0.90. Omnicom Group has a 1 year low of $65.32 and a 1 year high of $87.43.

In related news, insider Peter K. Sherman sold 8,310 shares of the stock in a transaction that occurred on Monday, December 11th. The stock was sold at an average price of $74.31, for a total transaction of $617,516.10. Following the completion of the transaction, the insider now directly owns 21,271 shares of the company’s stock, valued at $1,580,648.01. The sale was disclosed in a filing with the SEC, which is available through this link. 1.10% of the stock is currently owned by corporate insiders.

Institutional investors have recently made changes to their positions in the stock. Franklin Resources Inc. lifted its stake in shares of Omnicom Group by 0.5% in the 2nd quarter. Franklin Resources Inc. now owns 239,347 shares of the business services provider’s stock valued at $19,842,000 after purchasing an additional 1,161 shares during the last quarter. Ameriprise Financial Inc. lifted its stake in shares of Omnicom Group by 1.0% in the 2nd quarter. Ameriprise Financial Inc. now owns 486,110 shares of the business services provider’s stock valued at $40,313,000 after purchasing an additional 4,607 shares during the last quarter. Profund Advisors LLC lifted its stake in shares of Omnicom Group by 21.5% in the 2nd quarter. Profund Advisors LLC now owns 8,221 shares of the business services provider’s stock valued at $682,000 after purchasing an additional 1,457 shares during the last quarter. ProShare Advisors LLC lifted its stake in shares of Omnicom Group by 53.6% in the 2nd quarter. ProShare Advisors LLC now owns 47,574 shares of the business services provider’s stock valued at $3,944,000 after purchasing an additional 16,604 shares during the last quarter. Finally, Thrivent Financial For Lutherans lifted its stake in shares of Omnicom Group by 2.1% in the 2nd quarter. Thrivent Financial For Lutherans now owns 8,820 shares of the business services provider’s stock valued at $731,000 after purchasing an additional 180 shares during the last quarter.

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About Omnicom Group

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.

The Fly

Analyst Recommendations for Omnicom Group (NYSE:OMC)

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