Omnicom Group (NYSE:OMC – Get Rating) was upgraded by equities researchers at Wells Fargo & Company from an “equal weight” score to an “obese” score in a analysis report issued on Friday, MarketBeat.com stories. The brokerage at present has a $73.00 goal value on the enterprise companies supplier’s inventory, down from their earlier goal value of $96.00. Wells Fargo & Company‘s value goal would point out a possible upside of 13.25% from the inventory’s present value.
Several different analysis analysts have additionally just lately issued stories on OMC. Morgan Stanley lowered their goal value on shares of Omnicom Group from $84.00 to $70.00 and set an “underweight” score for the corporate in a report on Friday, June tenth. Macquarie reduce shares of Omnicom Group from an “outperform” score to a “impartial” score in a analysis observe on Thursday, June twenty third. InventoryNews.com upgraded shares of Omnicom Group from a “promote” score to a “maintain” score in a analysis observe on Friday, April twenty ninth. Edward Jones reduce shares of Omnicom Group from a “purchase” score to a “maintain” score in a analysis observe on Tuesday, June 14th. Finally, Barclays reduce shares of Omnicom Group from an “obese” score to an “equal weight” score and decreased their value goal for the inventory from $103.00 to $90.00 in a analysis observe on Monday, March 14th. Two funding analysts have rated the inventory with a promote score, 5 have assigned a maintain score and 4 have given a purchase score to the corporate. Based on information from MarketBeat, the corporate at present has a median score of “Hold” and a consensus value goal of $84.70.
NYSE OMC opened at $64.46 on Friday. The agency has a 50 day transferring common of $70.38 and a two-hundred day transferring common of $76.44. Omnicom Group has a 52 week low of $61.31 and a 52 week excessive of $91.61. The firm has a fast ratio of 0.85, a present ratio of 0.94 and a debt-to-equity ratio of 1.59. The inventory has a market capitalization of $13.26 billion, a PE ratio of 10.69, a price-to-earnings-growth ratio of three.66 and a beta of 0.82.
Omnicom Group (NYSE:OMC – Get Rating) final issued its earnings outcomes on Tuesday, April nineteenth. The enterprise companies supplier reported $1.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.28 by $0.11. Omnicom Group had a internet margin of 9.06% and a return on fairness of 37.06%. The enterprise had income of $3.41 billion through the quarter, in contrast to analysts’ expectations of $3.29 billion. During the identical quarter within the prior yr, the enterprise posted $1.33 EPS. The firm’s income for the quarter was down .5% on a year-over-year foundation. On common, equities analysis analysts count on that Omnicom Group will publish 6.36 earnings per share for the present fiscal yr.
In different Omnicom Group information, Director Linda Johnson Rice bought 1,900 shares of the corporate’s inventory in a transaction on Monday, April twenty fifth. The shares had been bought at a median value of $77.88, for a complete transaction of $147,972.00. Following the completion of the transaction, the director now owns 9,784 shares within the firm, valued at roughly $761,977.92. The sale was disclosed in a authorized submitting with the SEC, which might be accessed by means of this hyperlink. 1.30% of the inventory is at present owned by company insiders.
Several institutional buyers and hedge funds have just lately made adjustments to their positions in OMC. Wellington Management Group LLP elevated its holdings in shares of Omnicom Group by 70.6% within the 1st quarter. Wellington Management Group LLP now owns 10,421,313 shares of the enterprise companies supplier’s inventory valued at $884,561,000 after buying an extra 4,312,149 shares within the final quarter. First Trust Advisors LP elevated its holdings in shares of Omnicom Group by 683.2% within the 1st quarter. First Trust Advisors LP now owns 2,957,307 shares of the enterprise companies supplier’s inventory valued at $251,016,000 after buying an extra 2,579,717 shares within the final quarter. Allspring Global Investments Holdings LLC bought a brand new place in shares of Omnicom Group within the 4th quarter valued at about $100,916,000. Ardevora Asset Management LLP bought a brand new place in shares of Omnicom Group within the 1st quarter valued at about $57,574,000. Finally, Lazard Asset Management LLC elevated its holdings in shares of Omnicom Group by 37.4% within the 4th quarter. Lazard Asset Management LLC now owns 2,172,548 shares of the enterprise companies supplier’s inventory valued at $159,181,000 after buying an extra 591,257 shares within the final quarter. Institutional buyers and hedge funds personal 93.08% of the corporate’s inventory.
Omnicom Group Company Profile (Get Rating)
Omnicom Group Inc, along with its subsidiaries, offers promoting, advertising, and company communications companies. It offers a spread of companies within the areas of promoting, buyer relationship administration, public relations, and healthcare. The firm’s companies embody promoting, branding, content material advertising, company social accountability consulting, disaster communications, customized publishing, information analytics, database administration, digital/direct advertising, digital transformation, leisure advertising, experiential advertising, discipline advertising, monetary/company business-to-business promoting, graphic arts/digital imaging, healthcare advertising and communications, and in-store design companies.
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