Omnicom Group (NYSE:OMC) Rating Increased to Outperform at BNP Paribas

Omnicom Group (NYSE:OMC) was upgraded by research analysts at BNP Paribas from a “neutral” rating to an “outperform” rating in a research report issued on Thursday, Marketbeat.com reports. The brokerage presently has a $115.00 price target on the business services provider’s stock. BNP Paribas’ price objective points to a potential upside of 20.85% from the company’s previous close.

A number of other research firms also recently issued reports on OMC. StockNews.com downgraded shares of Omnicom Group from a “buy” rating to a “hold” rating in a research note on Wednesday. JPMorgan Chase & Co. decreased their target price on Omnicom Group from $106.00 to $104.00 and set an “overweight” rating for the company in a report on Wednesday, February 7th. Macquarie raised Omnicom Group from a “neutral” rating to an “outperform” rating and increased their price target for the company from $80.00 to $100.00 in a research report on Friday, January 5th. Morgan Stanley raised Omnicom Group from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $90.00 to $100.00 in a research report on Friday, December 15th. Finally, Wells Fargo & Company raised their price objective on shares of Omnicom Group from $85.00 to $91.00 and gave the company an “equal weight” rating in a report on Wednesday, February 7th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $101.33.

Omnicom Group Stock Performance

OMC opened at $95.16 on Thursday. The company has a current ratio of 0.95, a quick ratio of 0.86 and a debt-to-equity ratio of 1.16. The firm’s 50-day moving average price is $89.91 and its 200 day moving average price is $83.22. The firm has a market capitalization of $18.84 billion, a PE ratio of 13.75, a PEG ratio of 2.22 and a beta of 0.96. Omnicom Group has a twelve month low of $72.20 and a twelve month high of $99.23.

Omnicom Group (NYSE:OMC) last issued its earnings results on Monday, February 5th. The business services provider reported $2.20 EPS for the quarter, topping analysts’ consensus estimates of $2.16 by $0.04. The company had revenue of $4.06 billion for the quarter, compared to the consensus estimate of $4 billion. Omnicom Group had a net margin of 9.47% and a return on equity of 39.07%. Omnicom Group’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.09 earnings per share. As a group, sell-side analysts expect that Omnicom Group will post 7.73 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Linda Johnson Rice sold 507 shares of the firm’s stock in a transaction that occurred on Friday, February 9th. The shares were 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 owns 9,753 shares of the company’s stock, valued at $845,194.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 1.30% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of OMC. Pathstone Family Office LLC increased its position in Omnicom Group by 0.8% in the 4th quarter. Pathstone Family Office LLC now owns 13,144 shares of the business services provider’s stock valued at $1,084,000 after acquiring an additional 108 shares during the period. Greenleaf Trust boosted its holdings in shares of Omnicom Group by 0.5% in the fourth quarter. Greenleaf Trust now owns 22,329 shares of the business services provider’s stock valued at $1,932,000 after acquiring an additional 119 shares in the last quarter. Cambridge Trust Co. raised its holdings in Omnicom Group by 4.2% during the fourth quarter. Cambridge Trust Co. now owns 2,981 shares of the business services provider’s stock worth $258,000 after purchasing an additional 121 shares in the last quarter. Great Valley Advisor Group Inc. raised its stake in shares of Omnicom Group by 2.6% in the 4th quarter. Great Valley Advisor Group Inc. now owns 4,955 shares of the business services provider’s stock worth $428,000 after buying an additional 124 shares in the last quarter. Finally, Pinnacle Bancorp Inc. boosted its stake in Omnicom Group by 61.6% during the fourth quarter. Pinnacle Bancorp Inc. now owns 328 shares of the business services provider’s stock valued at $28,000 after buying an additional 125 shares in the last quarter. 91.97% of the stock is owned by institutional investors and hedge funds.

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.