Omnicom Group (NYSE:OMC) Cut to “Sell” at StockNews.com

Omnicom Group (NYSE:OMCGet Rating) was downgraded by StockNews.com from a “hold” rating to a “sell” rating in a report issued on Thursday.

A number of other brokerages have also recently issued reports on OMC. Wolfe Research increased their target price on Omnicom Group from $81.00 to $85.00 and gave the stock a “peer perform” rating in a report on Wednesday, February 9th. BMO Capital Markets lifted their price objective on Omnicom Group from $82.00 to $89.00 in a report on Thursday. Bank of America raised their target price on Omnicom Group from $67.00 to $77.00 and gave the stock an “underperform” rating in a research note on Wednesday, February 9th. Macquarie raised their target price on Omnicom Group from $85.00 to $98.00 and gave the stock an “outperform” rating in a research note on Thursday, February 10th. Finally, Argus upgraded Omnicom Group from a “hold” rating to a “buy” rating and set a $95.00 price target for the company in a research report on Friday, March 18th. Four research analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $88.80.

NYSE OMC traded down $3.00 during trading on Thursday, hitting $81.42. 2,273,335 shares of the company’s stock were exchanged, compared to its average volume of 2,056,314. The company has a current ratio of 0.98, a quick ratio of 0.91 and a debt-to-equity ratio of 1.51. The company has a market cap of $16.85 billion, a PE ratio of 12.47, a P/E/G ratio of 2.27 and a beta of 0.75. Omnicom Group has a fifty-two week low of $65.76 and a fifty-two week high of $91.61. The stock’s 50 day moving average price is $81.92 and its two-hundred day moving average price is $76.22.

Omnicom Group (NYSE:OMCGet Rating) last released its quarterly earnings data on Tuesday, April 19th. The business services provider reported $1.39 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.31 by $0.08. The company had revenue of $3.41 billion during the quarter, compared to the consensus estimate of $3.29 billion. Omnicom Group had a return on equity of 36.60% and a net margin of 9.85%. The firm’s revenue was down .5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.33 earnings per share. Analysts forecast that Omnicom Group will post 6.66 earnings per share for the current fiscal year.

In related news, VP Rochelle M. Tarlowe sold 1,500 shares of the stock in a transaction that occurred on Tuesday, February 15th. The stock was sold at an average price of $85.86, for a total value of $128,790.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Andrew Castellaneta sold 5,000 shares of Omnicom Group stock in a transaction on Friday, February 11th. The shares were sold at an average price of $85.47, for a total value of $427,350.00. The disclosure for this sale can be found here. Corporate insiders own 1.30% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the business. Clean Yield Group boosted its stake in shares of Omnicom Group by 150.7% during the 4th quarter. Clean Yield Group now owns 341 shares of the business services provider’s stock worth $25,000 after acquiring an additional 205 shares in the last quarter. Allworth Financial LP boosted its position in Omnicom Group by 1,581.0% in the 3rd quarter. Allworth Financial LP now owns 353 shares of the business services provider’s stock valued at $26,000 after buying an additional 332 shares during the last quarter. TCI Wealth Advisors Inc. lifted its position in shares of Omnicom Group by 705.9% during the fourth quarter. TCI Wealth Advisors Inc. now owns 411 shares of the business services provider’s stock worth $30,000 after purchasing an additional 360 shares during the last quarter. Massmutual Trust Co. FSB ADV raised its stake in Omnicom Group by 475.3% during the third quarter. Massmutual Trust Co. FSB ADV now owns 489 shares of the business services provider’s stock worth $35,000 after acquiring an additional 404 shares during the period. Finally, FSB Premier Wealth Management Inc. acquired a new stake in shares of Omnicom Group in the fourth quarter valued at approximately $37,000. 91.35% of the stock is currently owned by institutional investors.

About Omnicom Group (Get Rating)

Omnicom Group Inc, together with its subsidiaries, provides advertising, marketing, and corporate communications services. It provides a range of services in the areas of advertising, customer relationship management, public relations, and healthcare. The company's services include advertising, branding, content marketing, corporate social responsibility consulting, crisis communications, custom publishing, data analytics, database management, digital/direct marketing, digital transformation, entertainment marketing, experiential marketing, field marketing, financial/corporate business-to-business advertising, graphic arts/digital imaging, healthcare marketing and communications, and in-store design services.

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