Omnicom Group (NYSE:OMC) Stock Gets Price Target Cut from Barclays

Omnicom Group (NYSE:OMC) had its price target decreased by Barclays from $88.00 to $87.00 in a research note published on Monday morning,Benzinga reports. Barclays currently has an equal weight rating on the business services provider’s stock.

Several other equities analysts also recently weighed in on OMC. Argus upgraded shares of Omnicom Group to a “hold” rating in a research note on Monday, September 14th. Citigroup dropped their price target on shares of Omnicom Group from $105.00 to $100.00 and set a “buy” rating on the stock in a research note on Thursday, July 30th. Wells Fargo & Company upped their price target on shares of Omnicom Group from $93.00 to $97.00 and gave the company an “overweight” rating in a research note on Friday, October 23rd. Weiss Ratings raised shares of Omnicom Group from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, July 30th. Finally, Zacks Research upgraded shares of Omnicom Group from a “strong sell” rating to a “hold” rating in a research note on Monday, September 28th. Five research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $100.67.

Omnicom Group Price Performance

OMC stock opened at $77.67 on Monday. Omnicom Group has a 52-week low of $66.33 and a 52-week high of $89.57. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.78 and a current ratio of 0.92. The company has a market capitalization of $21.31 billion, a P/E ratio of 43.39, a price-to-earnings-growth ratio of 0.71 and a beta of 0.68. The business has a 50-day simple moving average of $80.07 and a two-hundred day simple moving average of $78.22.

Omnicom Group (NYSE:OMC) last announced its earnings results on Thursday, October 22nd. The business services provider reported $2.73 EPS for the quarter, beating the consensus estimate of $2.67 by $0.06. Omnicom Group had a net margin of 2.85% and a return on equity of 24.29%. The company had revenue of $6.42 billion during the quarter, compared to the consensus estimate of $6.21 billion. During the same quarter in the prior year, the company posted $2.24 earnings per share. The firm’s revenue for the quarter was up 59.1% on a year-over-year basis. Research analysts expect that Omnicom Group will post 10.37 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Linda Rice sold 1,385 shares of the business’s stock in a transaction on Monday, August 24th. The shares were sold at an average price of $88.73, for a total transaction of $122,891.05. Following the completion of the transaction, the director directly owned 11,719 shares in the company, valued at $1,039,826.87. The trade was a 10.57% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.20% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in OMC. Keating Financial Advisory Services Inc. purchased a new stake in shares of Omnicom Group in the 2nd quarter valued at $25,000. Clearstead Trust LLC purchased a new position in Omnicom Group in the 2nd quarter worth $36,000. Raiffeisen Bank International AG lifted its stake in Omnicom Group by 119.7% in the second quarter. Raiffeisen Bank International AG now owns 503 shares of the business services provider’s stock worth $37,000 after purchasing an additional 274 shares during the last quarter. Reyes Financial Architecture Inc. bought a new stake in Omnicom Group in the third quarter worth $37,000. Finally, SJS Investment Consulting Inc. lifted its stake in Omnicom Group by 39.1% in the first quarter. SJS Investment Consulting Inc. now owns 544 shares of the business services provider’s stock worth $41,000 after purchasing an additional 153 shares during the last quarter. Institutional investors own 91.97% of the company’s stock.

About Omnicom Group

Omnicom Group Inc is a global marketing and communications company that provides advertising, media, branding, public relations, customer relationship management, and digital marketing services. The company works with organizations across industries to develop brand strategies, create content, manage media campaigns, and engage customers through traditional and digital channels.

Omnicom operates through a network of independently branded agencies, including BBDO Worldwide, DDB Worldwide, TBWA Worldwide, Omnicom Media Group, FleishmanHillard, Ketchum, Porter Novelli, RAPP, and several specialized healthcare, experiential, and data-driven marketing agencies.