Omnicom Group (NYSE: OMC) has recently received a number of price target changes and ratings updates:

  • 8/1/2017 – Omnicom Group was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating.
  • 7/31/2017 – Omnicom Group was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Omnicom recorded relatively modest second-quarter 2017 results as earnings increased year over year although revenues declined. The increasing demand for media services, speedy growth of technologies and massive proliferation of channels are likely to improve the top line in the future. Stringent cost-cutting initiatives have further helped Omnicom to boost its margins in the quarter. The company outperformed the industry year to date. However, a competitive and fragmented communications services industry coupled with high susceptibility to concentration risks pose a threat to Omnicom’s profitability. Brexit could further result in higher tariff and non-tariff barriers to trade between the U.K. and the European Union, lowering its productivity. Moreover, as Omnicom expands its international operations, it highly exposes itself to risks from foreign exchange barriers and uncertainty from monetary devaluation with strength in U.S. dollars.”
  • 7/27/2017 – Omnicom Group was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $93.00 price target on the stock. According to Zacks, “Omnicom recorded relatively modest second-quarter results as earnings increased year over year although revenues declined. Nevertheless, the company exceeded the Zacks Consensus Estimates for both earnings and revenues. The increasing demand for media services, speedy growth of technologies and massive proliferation of channels are likely to improve the top line in the future. Omnicom maintains a balanced growth model through a combination of well-focused internal development initiatives and strategic acquisitions. The company is moving into new service areas and building upon its digital and analytical capabilities to spur growth in key markets. Stringent cost-cutting initiatives have further helped Omnicom to boost its margins in the second quarter. However, a competitive and fragmented communications services industry coupled with high susceptibility to concentration risks pose a threat to Omnicom’s profitability.”
  • 7/22/2017 – Omnicom Group was given a new $96.00 price target on by analysts at Royal Bank Of Canada. They now have a “buy” rating on the stock.
  • 7/18/2017 – Omnicom Group had its “hold” rating reaffirmed by analysts at Wells Fargo & Company. They now have a $84.00 price target on the stock.
  • 7/17/2017 – Omnicom Group was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Omnicom outperformed the Zacks categorized Advertising and Marketing space in the last three months. Over the past few quarters, the company recorded continuous revenue growth driven by healthy performance in developed markets like the U.S. and developing markets like Asia. The increasing demand for media services, speedy growth of technologies and massive proliferation of channels are likely to improve the top line in the future. The company is moving into new service areas and building upon its digital and analytical capabilities to spur growth in key markets. However, a competitive and fragmented communications services industry coupled with high susceptibility to concentration risks pose a threat to Omnicom’s profitability. Brexit could further result in higher tariff and non-tariff barriers to trade between the U.K. and the European Union, lowering the productivity of the company.”
  • 7/14/2017 – Omnicom Group had its “neutral” rating reaffirmed by analysts at Credit Suisse Group. They now have a $79.00 price target on the stock, down previously from $81.00.
  • 7/14/2017 – Omnicom Group was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $91.00 price target on the stock. According to Zacks, “Omnicom outperformed the Zacks categorized Advertising and Marketing space in the last three months. The companyis experiencing continuous revenue growth driven by healthy performance in developed markets like the U.S. and developing markets like Asia. The increasing demand for media services, speedy growth of technologies and massive proliferation of channels are likely to improve the top line in the future. The company is moving into new service areas and building upon its digital and analytical capabilities to spur growth in key markets. Omnicom is also concentrating on strengthening its business and expanding its client base globally through acquisition of complementary companies. However, a competitive and fragmented communications services industry coupled with high susceptibility to concentration risks pose a threat to Omnicom’s profitability.”
  • 7/14/2017 – Omnicom Group had its “hold” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $82.00 price target on the stock.
  • 7/12/2017 – Omnicom Group was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 6/20/2017 – Omnicom Group was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Omnicom outperformed the Zacks categorized Advertising and Marketing space. It is experiencing continuous revenue growth driven by remarkable performance in the developed markets. The increasing demand for media services, speedy growth of technologies and massive proliferation of channels are likely to improve the top-line growth. It is also building upon its digital and analytical capabilities by investing in agencies and partnering with innovative technology companies in key markets. Earnings estimates have also increased in the last 90 days. However, a competitive and fragmented communications services industry coupled with high susceptibility to concentration risks pose a threat to Omnicom’s profitability. As the company expands its international operations, it is also highly exposed to risks from foreign exchange barriers and uncertainty from monetary devaluation, particularly after the Brexit referendum.”
  • 6/20/2017 – Omnicom Group was given a new $96.00 price target on by analysts at Royal Bank Of Canada. They now have a “buy” rating on the stock.

Omnicom Group Inc. (NYSE OMC) traded down 1.13% during midday trading on Thursday, reaching $77.93. The company’s stock had a trading volume of 1,714,335 shares. The firm has a market cap of $17.98 billion, a P/E ratio of 15.74 and a beta of 1.25. Omnicom Group Inc. has a 52-week low of $77.50 and a 52-week high of $89.66. The firm has a 50 day moving average of $81.02 and a 200 day moving average of $83.50.

Omnicom Group (NYSE:OMC) last announced its quarterly earnings data on Thursday, July 20th. The business services provider reported $1.40 EPS for the quarter, beating the Zacks’ consensus estimate of $1.38 by $0.02. Omnicom Group had a return on equity of 42.54% and a net margin of 7.61%. The firm had revenue of $3.79 billion during the quarter, compared to analysts’ expectations of $3.74 billion. During the same quarter last year, the firm posted $1.36 earnings per share. The company’s revenue for the quarter was down 2.4% compared to the same quarter last year. Analysts anticipate that Omnicom Group Inc. will post $5.08 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 10th. Shareholders of record on Friday, September 22nd will be paid a $0.55 dividend. The ex-dividend date is Thursday, September 21st. This represents a $2.20 dividend on an annualized basis and a yield of 2.82%. Omnicom Group’s dividend payout ratio (DPR) is presently 44.44%.

In other Omnicom Group news, Director Linda Johnson Rice sold 483 shares of the firm’s stock in a transaction that occurred on Monday, July 24th. The stock was sold at an average price of $82.19, for a total value of $39,697.77. Following the completion of the sale, the director now owns 7,724 shares of the company’s stock, valued at $634,835.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Bruce Crawford sold 22,800 shares of the firm’s stock in a transaction that occurred on Thursday, June 1st. The shares were sold at an average price of $84.91, for a total value of $1,935,948.00. Following the completion of the sale, the chairman now directly owns 105,250 shares of the company’s stock, valued at approximately $8,936,777.50. The disclosure for this sale can be found here. Insiders sold 24,183 shares of company stock valued at $2,046,845 in the last three months. Insiders own 1.10% of the company’s stock.

Omnicom Group Inc is a holding company. The Company provides advertising, marketing and corporate communications services. The Company’s branded networks and agencies operate in all markets around the world and provide a range of services, which it groups into four disciplines: advertising, customer relationship management (CRM), public relations and specialty communications.

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