Omnicom Group Inc. (NYSE:OMC) was the target of unusually large options trading on Monday. Investors acquired 7,634 call options on the stock. This represents an increase of 598% compared to the average daily volume of 1,094 call options.
A number of equities analysts have issued reports on the company. ValuEngine cut Omnicom Group from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Morgan Stanley upped their target price on Omnicom Group from $72.00 to $76.00 and gave the stock an “underweight” rating in a report on Wednesday, January 31st. Barclays reaffirmed a “hold” rating and issued a $81.00 target price on shares of Omnicom Group in a report on Thursday, January 25th. Bank of America cut Omnicom Group from a “neutral” rating to an “underperform” rating in a report on Thursday, January 25th. Finally, Zacks Investment Research raised Omnicom Group from a “sell” rating to a “hold” rating in a report on Wednesday, January 24th. Five research analysts have rated the stock with a sell rating, ten have issued a hold rating and three have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $83.64.
In related news, insider Peter K. Sherman sold 8,310 shares of the company’s stock in a transaction 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 sale, the insider now directly owns 21,271 shares in the company, valued at approximately $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 owned by corporate insiders.
Shares of Omnicom Group (NYSE:OMC) traded up $3.22 during mid-day trading on Wednesday, hitting $82.78. The stock had a trading volume of 6,895,755 shares, compared to its average volume of 2,852,166. The firm has a market capitalization of $18,161.37, a PE ratio of 15.85, a price-to-earnings-growth ratio of 2.56 and a beta of 1.20. The company has a current ratio of 0.90, a quick ratio of 0.79 and a debt-to-equity ratio of 1.62. Omnicom Group has a 12 month low of $65.32 and a 12 month high of $86.71.
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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.
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