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

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

Other analysts also recently issued research reports about the company. Macquarie upped their target price on Omnicom Group from $100.00 to $110.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 2nd. BNP Paribas upgraded Omnicom Group from a “neutral” rating to an “outperform” rating and set a $115.00 target price on the stock in a research note on Thursday, March 28th. JPMorgan Chase & Co. upped their target price on Omnicom Group from $104.00 to $108.00 and gave the stock an “overweight” rating in a research note on Wednesday. Barclays upped their target price on Omnicom Group from $95.00 to $100.00 and gave the stock an “equal weight” rating in a research note on Monday, January 29th. Finally, UBS Group assumed coverage on Omnicom Group in a research report on Thursday, January 11th. They set a “buy” rating and a $117.00 price target on the stock. One research analyst has rated the stock with a sell rating, one has issued a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $104.56.

Omnicom Group Stock Up 1.6 %

Shares of OMC stock opened at $92.45 on Thursday. The stock’s 50-day simple moving average is $91.25 and its 200-day simple moving average is $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. The firm 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. 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 issued its earnings results on Tuesday, April 16th. The business services provider reported $1.67 EPS for the quarter, topping analysts’ consensus estimates of $1.52 by $0.15. Omnicom Group had a return on equity of 39.07% and a net margin of 9.47%. The firm had revenue of $3.63 billion for the quarter, compared to the consensus estimate of $3.58 billion. Equities analysts expect that Omnicom Group will post 7.73 earnings per share for the current year.

Insider Activity

In other news, Director Linda Johnson Rice sold 507 shares of the firm’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 transaction, the director now owns 9,753 shares in the company, valued at $845,194.98. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 1.30% of the company’s stock.

Hedge Funds Weigh In On Omnicom Group

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Pathstone Family Office LLC lifted its position in shares of Omnicom Group by 0.8% in the fourth quarter. Pathstone Family Office LLC now owns 13,144 shares of the business services provider’s stock valued at $1,084,000 after acquiring an additional 108 shares in the last quarter. Greenleaf Trust lifted its position in shares of Omnicom Group by 0.5% in the fourth quarter. Greenleaf Trust now owns 22,329 shares of the business services provider’s stock valued at $1,932,000 after acquiring an additional 119 shares in the last quarter. Cambridge Trust Co. lifted its position in shares of Omnicom Group by 4.2% in the fourth quarter. Cambridge Trust Co. now owns 2,981 shares of the business services provider’s stock valued at $258,000 after acquiring an additional 121 shares in the last quarter. Great Valley Advisor Group Inc. increased its holdings in shares of Omnicom Group by 2.6% in the fourth quarter. Great Valley Advisor Group Inc. now owns 4,955 shares of the business services provider’s stock valued at $428,000 after purchasing an additional 124 shares during the last quarter. Finally, Pinnacle Bancorp Inc. increased its holdings in shares of Omnicom Group by 61.6% in the fourth quarter. Pinnacle Bancorp Inc. now owns 328 shares of the business services provider’s stock valued at $28,000 after purchasing an additional 125 shares during the last quarter. Hedge funds and other institutional investors own 91.97% of the company’s stock.

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.