Omnicom Group (NYSE:OMC) Rating Increased to Overweight at Wells Fargo & Company

Omnicom Group (NYSE:OMC) was upgraded by stock analysts at Wells Fargo & Company from an “equal weight” rating to an “overweight” rating in a research report issued on Wednesday, Marketbeat Ratings reports. The firm presently has a $106.00 price objective on the business services provider’s stock, up from their previous price objective of $91.00. Wells Fargo & Company‘s price target would indicate a potential upside of 15.88% from the company’s current price.

A number of other research analysts have also recently issued reports on OMC. JPMorgan Chase & Co. decreased their price objective on shares of Omnicom Group from $106.00 to $104.00 and set an “overweight” rating for the company in a report on Wednesday, February 7th. Barclays upped their price target on shares of Omnicom Group from $95.00 to $100.00 and gave the company an “equal weight” rating in a report on Monday, January 29th. UBS Group started coverage on shares of Omnicom Group in a report on Thursday, January 11th. They issued a “buy” rating and a $117.00 price target for the company. BNP Paribas upgraded shares of Omnicom Group from a “neutral” rating to an “outperform” rating and set a $115.00 price target for the company in a report on Thursday, March 28th. Finally, Macquarie upped their price target on shares of Omnicom Group from $100.00 to $110.00 and gave the company an “outperform” rating in a report on Tuesday, April 2nd. One investment analyst has rated the stock with a sell rating, two have given a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, Omnicom Group has an average rating of “Moderate Buy” and an average price target of $103.40.

Omnicom Group Trading Down 1.1 %

Shares of NYSE OMC opened at $91.48 on Wednesday. Omnicom Group has a 1-year low of $72.20 and a 1-year high of $99.23. The company has a market cap of $18.04 billion, a PE ratio of 12.36, a P/E/G ratio of 2.18 and a beta of 0.97. The company has a current ratio of 0.95, a quick ratio of 0.86 and a debt-to-equity ratio of 1.16. The company has a 50-day moving average of $91.35 and a two-hundred day moving average of $85.18.

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

Insider Transactions at Omnicom Group

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 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 of the company’s stock, valued at approximately $845,194.98. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 1.30% of the company’s stock.

Institutional Trading of Omnicom Group

Several hedge funds have recently bought and sold shares of the business. Pathstone Family Office LLC boosted its holdings in Omnicom Group by 0.8% during the 4th quarter. Pathstone Family Office LLC now owns 13,144 shares of the business services provider’s stock worth $1,084,000 after acquiring an additional 108 shares during the last quarter. Greenleaf Trust boosted its holdings in Omnicom Group by 0.5% during the 4th quarter. Greenleaf Trust now owns 22,329 shares of the business services provider’s stock worth $1,932,000 after acquiring an additional 119 shares during the last quarter. Cambridge Trust Co. boosted its holdings in Omnicom Group by 4.2% during the 4th quarter. Cambridge Trust Co. now owns 2,981 shares of the business services provider’s stock worth $258,000 after acquiring an additional 121 shares during the last quarter. Great Valley Advisor Group Inc. raised its stake in shares of Omnicom Group by 2.6% during the 4th quarter. Great Valley Advisor Group Inc. now owns 4,955 shares of the business services provider’s stock worth $428,000 after purchasing an additional 124 shares during the period. Finally, Pinnacle Bancorp Inc. raised its stake in shares of 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 purchasing an additional 125 shares during the period. Institutional investors and hedge funds 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.