Argus Downgrades Omnicom Group (NYSE:OMC) to Hold

Omnicom Group (NYSE:OMC) was downgraded by analysts at Argus from a “buy” rating to a “hold” rating in a research note issued on Friday, Marketbeat.com reports.

Several other research firms have also recently weighed in on OMC. JPMorgan Chase & Co. dropped their price target on shares of Omnicom Group from $119.00 to $116.00 and set an “overweight” rating for the company in a research note on Monday, January 27th. Wells Fargo & Company decreased their price objective on shares of Omnicom Group from $110.00 to $99.00 and set an “equal weight” rating on the stock in a report on Tuesday, December 10th. Macquarie restated an “outperform” rating and issued a $120.00 price objective on shares of Omnicom Group in a report on Wednesday, December 11th. Finally, Barclays decreased their price objective on shares of Omnicom Group from $121.00 to $110.00 and set an “overweight” rating on the stock in a report on Friday, January 24th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $108.25.

Omnicom Group Stock Performance

Omnicom Group stock opened at $82.28 on Friday. The firm has a 50 day simple moving average of $86.29 and a 200-day simple moving average of $95.56. Omnicom Group has a 1-year low of $80.31 and a 1-year high of $107.00. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.00 and a quick ratio of 0.86. The stock has a market cap of $16.17 billion, a price-to-earnings ratio of 11.04, a price-to-earnings-growth ratio of 1.94 and a beta of 0.97.

Omnicom Group (NYSE:OMC) last posted its quarterly earnings results on Tuesday, February 4th. The business services provider reported $2.41 earnings per share for the quarter, beating the consensus estimate of $2.38 by $0.03. Omnicom Group had a net margin of 9.44% and a return on equity of 36.39%. During the same period in the previous year, the business posted $2.20 earnings per share. On average, analysts expect that Omnicom Group will post 8.32 EPS for the current year.

Institutional Investors Weigh In On Omnicom Group

A number of hedge funds have recently added to or reduced their stakes in the business. Caisse DE Depot ET Placement DU Quebec acquired a new stake in Omnicom Group during the 4th quarter worth approximately $10,136,000. Freestone Grove Partners LP acquired a new stake in Omnicom Group during the 4th quarter worth approximately $413,000. One68 Global Capital LLC acquired a new stake in shares of Omnicom Group in the 4th quarter valued at $946,000. Parvin Asset Management LLC acquired a new stake in shares of Omnicom Group in the 4th quarter valued at $129,000. Finally, Schonfeld Strategic Advisors LLC raised its holdings in shares of Omnicom Group by 2,222.2% in the 4th quarter. Schonfeld Strategic Advisors LLC now owns 172,980 shares of the business services provider’s stock valued at $14,883,000 after purchasing an additional 165,531 shares in the last quarter. 91.97% of the stock is currently 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.