Barclays Downgrades Omnicom Group (NYSE:OMC) to Equal Weight

Omnicom Group (NYSE:OMC) was downgraded by equities research analysts at Barclays from an “overweight” rating to an “equal weight” rating in a research report issued on Wednesday, MarketBeat Ratings reports. They presently have a $80.00 price target on the business services provider’s stock, down from their previous price target of $105.00. Barclays‘s target price suggests a potential upside of 12.29% from the stock’s current price.

OMC has been the topic of a number of other research reports. Wells Fargo & Company reduced their target price on Omnicom Group from $99.00 to $84.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 16th. Citigroup reiterated a “buy” rating and set a $103.00 target price on shares of Omnicom Group in a report on Tuesday, April 15th. UBS Group reduced their target price on Omnicom Group from $117.00 to $104.00 and set a “buy” rating on the stock in a report on Thursday, March 20th. JPMorgan Chase & Co. reduced their target price on Omnicom Group from $116.00 to $104.00 and set an “overweight” rating on the stock in a report on Wednesday, April 16th. Finally, Bank of America upgraded Omnicom Group from an “underperform” rating to a “neutral” rating and set a $80.00 target price on the stock in a report on Monday. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $96.43.

Omnicom Group Trading Up 0.8%

OMC opened at $71.24 on Wednesday. The business has a 50 day simple moving average of $73.58 and a two-hundred day simple moving average of $79.73. The firm has a market capitalization of $13.90 billion, a price-to-earnings ratio of 9.75, a PEG ratio of 1.56 and a beta of 0.93. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.01 and a quick ratio of 0.87. Omnicom Group has a one year low of $68.37 and a one year high of $107.00.

Omnicom Group (NYSE:OMC) last released its quarterly earnings results on Tuesday, April 15th. The business services provider reported $1.70 EPS for the quarter, beating analysts’ consensus estimates of $1.63 by $0.07. Omnicom Group had a return on equity of 34.85% and a net margin of 9.20%. The business had revenue of $3.69 billion during the quarter, compared to analyst estimates of $3.73 billion. Analysts predict that Omnicom Group will post 8.25 EPS for the current year.

Institutional Trading of Omnicom Group

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Robinson Value Management Ltd. grew its stake in shares of Omnicom Group by 0.4% in the 1st quarter. Robinson Value Management Ltd. now owns 34,217 shares of the business services provider’s stock worth $2,837,000 after buying an additional 139 shares during the last quarter. Versant Capital Management Inc lifted its position in Omnicom Group by 45.7% in the 1st quarter. Versant Capital Management Inc now owns 456 shares of the business services provider’s stock valued at $38,000 after acquiring an additional 143 shares in the last quarter. Smartleaf Asset Management LLC lifted its position in Omnicom Group by 13.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,228 shares of the business services provider’s stock valued at $105,000 after acquiring an additional 147 shares in the last quarter. MGO One Seven LLC lifted its position in Omnicom Group by 3.2% in the 4th quarter. MGO One Seven LLC now owns 5,075 shares of the business services provider’s stock valued at $437,000 after acquiring an additional 157 shares in the last quarter. Finally, Mezzasalma Advisors LLC lifted its position in Omnicom Group by 3.1% in the 1st quarter. Mezzasalma Advisors LLC now owns 5,339 shares of the business services provider’s stock valued at $443,000 after acquiring an additional 159 shares in the last quarter. Hedge funds and other institutional investors own 91.97% of the company’s stock.

Omnicom Group Company Profile

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.