ValuEngine upgraded shares of Omnicom Group (NYSE:OMC) from a sell rating to a hold rating in a research report report published on Wednesday morning.

Other research analysts have also issued reports about the company. Royal Bank of Canada dropped their target price on Omnicom Group to $75.00 and set a $70.60 rating on the stock in a research report on Wednesday, July 18th. BMO Capital Markets reaffirmed a buy rating and issued a $85.00 target price on shares of Omnicom Group in a research report on Thursday, July 19th. Zacks Investment Research raised Omnicom Group from a sell rating to a hold rating in a research report on Thursday, September 6th. Argus lowered Omnicom Group from a buy rating to a hold rating in a research report on Monday, July 23rd. Finally, Pivotal Research upped their target price on Omnicom Group from $65.00 to $66.00 and gave the stock a hold rating in a research report on Tuesday. Four equities research analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company. The stock has an average rating of Hold and a consensus target price of $74.67.

OMC stock traded up $0.90 during mid-day trading on Wednesday, hitting $77.07. The stock had a trading volume of 4,976,397 shares, compared to its average volume of 3,267,153. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.87 and a quick ratio of 0.78. Omnicom Group has a 1-year low of $65.32 and a 1-year high of $83.34. The firm has a market cap of $17.07 billion, a P/E ratio of 15.11, a PEG ratio of 2.31 and a beta of 1.06.

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Palisade Asset Management LLC boosted its stake in shares of Omnicom Group by 1.3% during the 3rd quarter. Palisade Asset Management LLC now owns 142,322 shares of the business services provider’s stock worth $9,681,000 after acquiring an additional 1,760 shares in the last quarter. Longview Partners Guernsey LTD boosted its stake in shares of Omnicom Group by 8.3% during the 3rd quarter. Longview Partners Guernsey LTD now owns 6,970,601 shares of the business services provider’s stock worth $474,140,000 after acquiring an additional 534,008 shares in the last quarter. Legacy Advisors LLC bought a new stake in shares of Omnicom Group during the 3rd quarter worth about $1,291,000. Financial & Investment Management Group Ltd. boosted its stake in shares of Omnicom Group by 3.1% during the 3rd quarter. Financial & Investment Management Group Ltd. now owns 84,197 shares of the business services provider’s stock worth $5,727,000 after acquiring an additional 2,549 shares in the last quarter. Finally, GHP Investment Advisors Inc. boosted its stake in shares of Omnicom Group by 15.9% during the 3rd quarter. GHP Investment Advisors Inc. now owns 6,774 shares of the business services provider’s stock worth $461,000 after acquiring an additional 931 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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