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

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

OMC has been the topic of a number of other research reports. Macquarie upped their target price on Omnicom Group from $100.00 to $110.00 and gave the company an “outperform” rating in a report on Tuesday, April 2nd. Wells Fargo & Company raised Omnicom Group from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $91.00 to $106.00 in a research report on Wednesday. BNP Paribas raised Omnicom Group from a “neutral” rating to an “outperform” rating and set a $115.00 price target for the company in a research note on Thursday, March 28th. UBS Group began coverage on shares of Omnicom Group in a research report on Thursday, January 11th. They set a “buy” rating and a $117.00 price objective on the stock. Finally, Barclays boosted their target price on shares of Omnicom Group from $95.00 to $100.00 and gave the stock an “equal weight” rating in a research report on Monday, January 29th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $103.40.

Omnicom Group Price Performance

Shares of NYSE:OMC opened at $92.62 on Thursday. The company has a market capitalization of $18.26 billion, a PE ratio of 12.52, a price-to-earnings-growth ratio of 2.21 and a beta of 0.97. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.86 and a current ratio of 0.95. The stock has a fifty day moving average of $91.51 and a 200-day moving average of $85.32. Omnicom Group has a one year low of $72.20 and a one year high of $99.23.

Omnicom Group (NYSE:OMC) last released its quarterly earnings results on Monday, February 5th. The business services provider reported $2.20 earnings per share for the quarter, beating analysts’ consensus estimates of $2.16 by $0.04. The business had revenue of $4.06 billion during the quarter, compared to analyst estimates of $4 billion. Omnicom Group had a return on equity of 38.83% and a net margin of 9.96%. Omnicom Group’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same quarter last year, the company posted $2.09 EPS. As a group, equities analysts anticipate that Omnicom Group will post 7.73 EPS for the current fiscal year.

Insiders Place Their Bets

In other Omnicom Group news, Director Linda Johnson Rice sold 507 shares of the company’s stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $86.66, for a total value of $43,936.62. Following the completion of the transaction, 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 is available at this hyperlink. Company insiders own 1.30% of the company’s stock.

Institutional Investors Weigh In On Omnicom Group

A number of institutional investors have recently added to or reduced their stakes in the stock. Mezzasalma Advisors LLC acquired a new stake in Omnicom Group during the 1st quarter worth $348,000. First Trust Direct Indexing L.P. increased its position in shares of Omnicom Group by 9.6% in the 1st quarter. First Trust Direct Indexing L.P. now owns 5,589 shares of the business services provider’s stock valued at $541,000 after buying an additional 490 shares in the last quarter. Norden Group LLC acquired a new stake in Omnicom Group during the 1st quarter worth $1,860,000. Diversified Trust Co grew its stake in Omnicom Group by 17.2% in the first quarter. Diversified Trust Co now owns 39,239 shares of the business services provider’s stock valued at $3,797,000 after acquiring an additional 5,747 shares during the period. Finally, Occidental Asset Management LLC increased its holdings in shares of Omnicom Group by 70.8% in the first quarter. Occidental Asset Management LLC now owns 23,579 shares of the business services provider’s stock worth $2,282,000 after acquiring an additional 9,777 shares in the last quarter. 91.97% of the stock is owned by institutional investors and hedge funds.

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.