Omnicom Group (NYSE:OMC) Rating Increased to Overweight at Barclays

Omnicom Group (NYSE:OMC) was upgraded by analysts at Barclays from an “equal weight” rating to an “overweight” rating in a report issued on Tuesday, Briefing.com reports. The brokerage currently has a $110.00 price objective on the business services provider’s stock, up from their previous price objective of $100.00. Barclays‘s price target indicates a potential upside of 18.04% from the stock’s current price.

Several other equities research analysts have also recently weighed in on the company. BNP Paribas raised Omnicom Group from a “neutral” rating to an “outperform” rating and set a $115.00 price objective for the company in a research report on Thursday, March 28th. JPMorgan Chase & Co. boosted their price objective on shares of Omnicom Group from $104.00 to $108.00 and gave the stock an “overweight” rating in a report on Wednesday, April 17th. UBS Group assumed 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 for the company. Moffett Nathanson lifted their target price on Omnicom Group from $89.00 to $93.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 17th. Finally, Wells Fargo & Company raised Omnicom Group from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $91.00 to $106.00 in a report on Wednesday, April 17th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $104.40.

Omnicom Group Stock Performance

NYSE:OMC opened at $93.19 on Tuesday. The firm has a market capitalization of $18.25 billion, a PE ratio of 12.59, a PEG ratio of 2.18 and a beta of 0.96. The company has a current ratio of 0.93, a quick ratio of 0.81 and a debt-to-equity ratio of 1.33. Omnicom Group has a 1 year low of $72.20 and a 1 year high of $99.23. The firm’s fifty day simple moving average is $93.01 and its 200 day simple moving average is $86.99.

Omnicom Group (NYSE:OMC) last posted its quarterly earnings data on Monday, February 5th. The business services provider reported $2.20 earnings per share for the quarter, topping the consensus estimate of $2.16 by $0.04. The business had revenue of $4.06 billion during the quarter, compared to analysts’ expectations of $4 billion. Omnicom Group had a return on equity of 38.23% and a net margin of 9.96%. The firm’s revenue was up 5.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.09 EPS. On average, sell-side analysts anticipate that Omnicom Group will post 7.81 EPS for the current year.

Insiders Place Their Bets

In related news, Director Linda Johnson Rice sold 507 shares of the firm’s stock in a transaction on Friday, February 9th. The stock was 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 directly 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 Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.30% of the company’s stock.

Institutional Investors Weigh In On Omnicom Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its holdings in shares of Omnicom Group by 19.4% in the first quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 48,449 shares of the business services provider’s stock valued at $4,688,000 after purchasing an additional 7,858 shares in the last quarter. Hilltop National Bank bought a new stake in shares of Omnicom Group during the first quarter worth $371,000. SG Americas Securities LLC lifted its stake in shares of Omnicom Group by 815.2% during the first quarter. SG Americas Securities LLC now owns 47,067 shares of the business services provider’s stock valued at $4,554,000 after acquiring an additional 41,924 shares during the period. Empowered Funds LLC boosted its holdings in Omnicom Group by 8.0% in the first quarter. Empowered Funds LLC now owns 83,568 shares of the business services provider’s stock valued at $8,086,000 after acquiring an additional 6,191 shares during the last quarter. Finally, Empirical Finance LLC increased its position in Omnicom Group by 3.3% in the first quarter. Empirical Finance LLC now owns 7,461 shares of the business services provider’s stock worth $722,000 after purchasing an additional 239 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.