Omnicom Group (OMC) Receiving Somewhat Positive Press Coverage, Report Finds

Media coverage about Omnicom Group (NYSE:OMC) has trended somewhat positive this week, according to Accern Sentiment. The research group ranks the sentiment of media coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Omnicom Group earned a news impact score of 0.22 on Accern’s scale. Accern also assigned news stories about the business services provider an impact score of 45.9791830877684 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.

These are some of the news stories that may have effected Accern’s scoring:

A number of brokerages have recently issued reports on OMC. TheStreet raised shares of Omnicom Group from a “c+” rating to a “b-” rating in a report on Tuesday, February 13th. Wells Fargo reaffirmed a “hold” rating and issued a $80.00 target price on shares of Omnicom Group in a report on Friday, February 16th. Pivotal Research dropped their target price on shares of Omnicom Group from $76.00 to $75.00 and set a “hold” rating on the stock in a report on Thursday, February 15th. Macquarie raised shares of Omnicom Group from an “underperform” rating to a “neutral” rating and set a $77.00 target price on the stock in a report on Friday, February 16th. Finally, BMO Capital Markets raised shares of Omnicom Group from a “market perform” rating to an “outperform” rating and upped their target price for the company from $80.00 to $90.00 in a report on Friday, February 16th. They noted that the move was a valuation call. Three research analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $82.77.

Omnicom Group (NYSE:OMC) traded up $0.10 during trading on Friday, reaching $73.98. 2,407,501 shares of the company’s stock traded hands, compared to its average volume of 2,811,867. The company has a market cap of $17,030.59, a PE ratio of 15.94, a P/E/G ratio of 2.28 and a beta of 1.15. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.86 and a current ratio of 0.93. Omnicom Group has a 52-week low of $65.32 and a 52-week high of $86.71.

Omnicom Group (NYSE:OMC) last announced its earnings results on Thursday, February 15th. The business services provider reported $1.55 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.54 by $0.01. Omnicom Group had a net margin of 7.12% and a return on equity of 40.67%. The company had revenue of $4.18 billion for the quarter, compared to analysts’ expectations of $4.21 billion. During the same period last year, the firm earned $1.47 earnings per share. The business’s revenue for the quarter was down 1.5% on a year-over-year basis. equities analysts forecast that Omnicom Group will post 5.6 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 9th. Stockholders of record on Friday, March 9th will be issued a dividend of $0.60 per share. The ex-dividend date is Thursday, March 8th. This represents a $2.40 annualized dividend and a dividend yield of 3.24%. Omnicom Group’s dividend payout ratio is presently 51.72%.

In other news, Treasurer Dennis E. Hewitt sold 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $77.38, for a total transaction of $154,760.00. Following the transaction, the treasurer now directly owns 42,561 shares of the company’s stock, valued at $3,293,370.18. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.10% of the stock is currently owned by company insiders.

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About Omnicom Group

Omnicom Group Inc is a holding company. The Company provides advertising, marketing and corporate communications services. The Company’s branded networks and agencies operate in all markets around the world and provide a range of services, which it groups into four disciplines: advertising, customer relationship management (CRM), public relations and specialty communications.

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