Omnicom Group (NYSE:OMC) Rating Lowered to Hold at Argus

Omnicom Group (NYSE:OMC - Get Free Report) was downgraded by analysts at Argus from a "buy" rating to a "hold" rating in a note issued to investors on Friday, Marketbeat reports.

Other research analysts have also issued reports about the stock. Barclays cut their target price on shares of Omnicom Group from $121.00 to $110.00 and set an "overweight" rating on the stock in a research note on Friday, January 24th. Macquarie reissued an "outperform" rating and set a $120.00 target price on shares of Omnicom Group in a research note on Wednesday, December 11th. Wells Fargo & Company cut their target price on shares of Omnicom Group from $110.00 to $99.00 and set an "equal weight" rating on the stock in a research note on Tuesday, December 10th. Finally, JPMorgan Chase & Co. cut their target price on shares of Omnicom Group from $119.00 to $116.00 and set an "overweight" rating on the stock in a research note on Monday, January 27th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the stock. According to MarketBeat, Omnicom Group has a consensus rating of "Moderate Buy" and a consensus target price of $108.25.

Omnicom Group Trading Up 1.4 %

Shares of NYSE:OMC traded up $1.17 during trading on Friday, reaching $83.34. The stock had a trading volume of 3,088,602 shares, compared to its average volume of 2,530,355. The firm's fifty day moving average is $86.08 and its 200 day moving average is $95.44. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.86 and a current ratio of 1.00. Omnicom Group has a 52 week low of $80.31 and a 52 week high of $107.00. The stock has a market cap of $16.38 billion, a price-to-earnings ratio of 11.19, a P/E/G ratio of 1.94 and a beta of 0.97.

Omnicom Group (NYSE:OMC - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The business services provider reported $2.41 EPS for the quarter, beating analysts' consensus estimates 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 last year, the company posted $2.20 EPS. As a group, equities analysts forecast that Omnicom Group will post 8.32 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of OMC. ST Germain D J Co. Inc. purchased a new stake in shares of Omnicom Group in the fourth quarter valued at about $25,000. Versant Capital Management Inc raised its holdings in shares of Omnicom Group by 645.2% in the fourth quarter. Versant Capital Management Inc now owns 313 shares of the business services provider's stock valued at $27,000 after purchasing an additional 271 shares during the last quarter. Northwest Investment Counselors LLC purchased a new stake in shares of Omnicom Group in the third quarter valued at about $33,000. Venturi Wealth Management LLC raised its holdings in shares of Omnicom Group by 146.6% in the fourth quarter. Venturi Wealth Management LLC now owns 328 shares of the business services provider's stock valued at $28,000 after purchasing an additional 195 shares during the last quarter. Finally, Johnson Financial Group Inc. raised its holdings in shares of Omnicom Group by 153.8% in the fourth quarter. Johnson Financial Group Inc. now owns 330 shares of the business services provider's stock valued at $29,000 after purchasing an additional 200 shares during the last quarter. Institutional investors and hedge funds own 91.97% of the company's stock.

About Omnicom Group

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.