Omnicom Group (NYSE:OMC) was upgraded by investment analysts at ValuEngine from a “sell” rating to a “hold” rating in a report issued on Wednesday.

A number of other research firms also recently weighed in on OMC. Zacks Investment Research raised Omnicom Group from a “sell” rating to a “hold” rating in a research report on Friday, July 6th. Moffett Nathanson assumed coverage on Omnicom Group in a research report on Tuesday, June 19th. They set a “sell” rating and a $63.00 price target for the company. Pivotal Research upped their price target on Omnicom Group from $65.00 to $66.00 and gave the stock a “hold” rating in a research report on Tuesday. Royal Bank of Canada reduced their price target on Omnicom Group to $75.00 and set a “$70.60” rating for the company in a research report on Wednesday, July 18th. Finally, Wells Fargo & Co reaffirmed a “market perform” rating and set a $75.00 price target (down previously from $80.00) on shares of Omnicom Group in a research report on Tuesday, July 17th. Four research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $74.67.

NYSE:OMC traded up $1.26 during trading hours on Wednesday, reaching $77.43. 72,339 shares of the stock were exchanged, compared to its average volume of 3,237,429. Omnicom Group has a twelve month low of $65.32 and a twelve month high of $83.34. The company has a quick ratio of 0.78, a current ratio of 0.87 and a debt-to-equity ratio of 1.48. The company has a market cap of $16.96 billion, a P/E ratio of 14.94, a price-to-earnings-growth ratio of 2.29 and a beta of 1.06.

Omnicom Group (NYSE:OMC) last released its quarterly earnings results on Tuesday, October 16th. The business services provider reported $1.24 earnings per share for the quarter, topping analysts’ consensus estimates of $1.21 by $0.03. Omnicom Group had a return on equity of 41.70% and a net margin of 7.68%. The firm had revenue of $3.71 billion during the quarter, compared to the consensus estimate of $3.68 billion. During the same quarter in the prior year, the firm posted $1.13 EPS. The business’s revenue was down .1% on a year-over-year basis. As a group, analysts anticipate that Omnicom Group will post 5.63 earnings per share for the current fiscal year.

Several institutional investors have recently made changes to their positions in the company. Massachusetts Financial Services Co. MA raised its stake in shares of Omnicom Group by 2.5% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 17,805,272 shares of the business services provider’s stock worth $1,358,007,000 after purchasing an additional 427,284 shares in the last quarter. BlackRock Inc. raised its stake in shares of Omnicom Group by 0.7% during the 2nd quarter. BlackRock Inc. now owns 14,936,191 shares of the business services provider’s stock worth $1,139,184,000 after purchasing an additional 109,292 shares in the last quarter. Schroder Investment Management Group raised its stake in shares of Omnicom Group by 9.4% during the 2nd quarter. Schroder Investment Management Group now owns 3,559,905 shares of the business services provider’s stock worth $271,657,000 after purchasing an additional 307,241 shares in the last quarter. Northern Trust Corp raised its stake in shares of Omnicom Group by 1.7% during the 2nd quarter. Northern Trust Corp now owns 3,386,113 shares of the business services provider’s stock worth $258,259,000 after purchasing an additional 56,688 shares in the last quarter. Finally, Beutel Goodman & Co Ltd. raised its stake in shares of Omnicom Group by 15.1% during the 2nd quarter. Beutel Goodman & Co Ltd. now owns 3,138,639 shares of the business services provider’s stock worth $182,123,000 after purchasing an additional 412,929 shares in the last quarter.

About Omnicom Group

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

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Analyst Recommendations for Omnicom Group (NYSE:OMC)

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