Analysts’ Weekly Ratings Updates for Omnicom Group (OMC)

A number of research firms have changed their ratings and price targets for Omnicom Group (NYSE: OMC):

  • 2/2/2018 – Omnicom Group was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.
  • 1/31/2018 – Omnicom Group had its price target raised by analysts at Morgan Stanley from $72.00 to $76.00. They now have an “underweight” rating on the stock.
  • 1/25/2018 – Omnicom Group had its “hold” rating reaffirmed by analysts at Barclays PLC. They now have a $81.00 price target on the stock.
  • 1/25/2018 – Omnicom Group was downgraded by analysts at Bank of America Corp from a “neutral” rating to an “underperform” rating.
  • 1/24/2018 – Omnicom Group was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Omnicom is concentrating on strengthening its business and expanding its client base globally through acquisition of complementary companies. It is also building upon its digital and analytical capabilities by investing in agencies and partnering with innovative technology companies in key markets. The increasing demand for media services, speedy growth of technologies and massive proliferation of channels are also likely to encourage the company’s future growth. The company outperformed the industry in the last three months. However, Omnicom forms a part of the communications industry which is highly competitive in nature. A significant portion of Omnicom’s revenues comes from Europe and the economy of the region is highly unpredictable particularly after the Brexit referendum. The company also faces huge concentration risk as it relies on a few big clients for its businesses.”
  • 1/18/2018 – Omnicom Group had its “market perform” rating reaffirmed by analysts at Wells Fargo & Co. They now have a $75.00 price target on the stock, down previously from $81.00.
  • 1/2/2018 – Omnicom Group was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Omnicom forms a part of the communications industry which is highly competitive in nature. Moreover, a significant portion of Omnicom’s revenues comes from Europe. In the present scenario, when the economy of the region is highly unpredictable particularly after the Brexit referendum, it becomes difficult for the company to increase revenues and reduce costs. Brexit could further result in higher tariff and non-tariff barriers to trade between the U.K. and the European Union, lowering its productivity. The company is also susceptible to market risks of losing contracts related to media purchases and production costs. In addition, the company faces huge concentration risk as it relies on a few big clients for its businesses. The company underperformed the industry in the last three months. However, increasing demand for media services and massive proliferation of channels are likely to improve the top line in future.”
  • 1/2/2018 – Omnicom Group was downgraded by analysts at Macquarie from a “neutral” rating to an “underperform” rating. They now have a $83.00 price target on the stock.

Omnicom Group Inc. (NYSE OMC) opened at $76.95 on Monday. The stock has a market cap of $17,739.49, a price-to-earnings ratio of 15.33, a PEG ratio of 2.51 and a beta of 1.20. Omnicom Group Inc. has a 52 week low of $65.32 and a 52 week high of $86.71. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.79 and a current ratio of 0.90.

In other news, insider Peter K. Sherman sold 8,310 shares of the firm’s stock in a transaction on Monday, December 11th. The shares were 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 owns 21,271 shares of the company’s stock, valued at $1,580,648.01. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.10% of the stock is currently owned by company insiders.

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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