Omnicom Group (NYSE:OMC) Raised to Buy at StockNews.com

Omnicom Group (NYSE:OMC) was upgraded by research analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued on Thursday.

Other analysts have also issued research reports about the stock. JPMorgan Chase & Co. lifted their price objective on shares of Omnicom Group from $104.00 to $108.00 and gave the company an “overweight” rating in a research note on Wednesday. Macquarie lifted their price objective 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. Barclays lifted their price objective on shares of Omnicom Group from $95.00 to $100.00 and gave the company an “equal weight” rating in a research note on Monday, January 29th. Wells Fargo & Company upgraded shares of Omnicom Group from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $91.00 to $106.00 in a research note on Wednesday. Finally, UBS Group began coverage on shares of Omnicom Group in a research note on Thursday, January 11th. They issued a “buy” rating and a $117.00 price objective for the company. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $104.56.

Omnicom Group Stock Performance

NYSE:OMC opened at $92.45 on Thursday. The company has a market capitalization of $18.23 billion, a PE ratio of 13.36, a P/E/G ratio of 2.17 and a beta of 0.97. The company has a 50 day simple moving average of $91.25 and a two-hundred day simple moving average of $85.14. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.86 and a current ratio of 0.95. Omnicom Group has a fifty-two week low of $72.20 and a fifty-two week high of $99.23.

Omnicom Group (NYSE:OMC) last released its earnings results on Tuesday, April 16th. The business services provider reported $1.67 earnings per share for the quarter, beating analysts’ consensus estimates of $1.52 by $0.15. The business had revenue of $3.63 billion during the quarter, compared to the consensus estimate of $3.58 billion. Omnicom Group had a net margin of 9.47% and a return on equity of 39.07%. Research analysts anticipate that Omnicom Group will post 7.73 earnings per share for the current year.

Insider Buying and Selling at Omnicom Group

In other Omnicom Group news, Director Linda Johnson Rice sold 507 shares of the business’s stock in a transaction on Friday, February 9th. The shares were sold at an average price of $86.66, for a total transaction of $43,936.62. Following the completion of the sale, the director now owns 9,753 shares in the company, valued at approximately $845,194.98. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.30% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Omnicom Group

A number of hedge funds have recently bought and sold shares of OMC. OFI Invest Asset Management purchased a new position in Omnicom Group during the 3rd quarter worth $25,000. HHM Wealth Advisors LLC purchased a new position in Omnicom Group during the 4th quarter worth $26,000. Frazier Financial Advisors LLC purchased a new position in Omnicom Group during the 4th quarter worth $26,000. Pinnacle Bancorp Inc. boosted its holdings in Omnicom Group by 61.6% during the 4th quarter. Pinnacle Bancorp Inc. now owns 328 shares of the business services provider’s stock worth $28,000 after acquiring an additional 125 shares during the last quarter. Finally, Richardson Financial Services Inc. purchased a new position in Omnicom Group during the 4th quarter worth $29,000. 91.97% of the stock is owned by hedge funds and other institutional investors.

Omnicom Group Company Profile

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.