Omnicom Group (NYSE:OMC) May Be in Trouble as BidaskScore Downgrades Shares

Omnicom Group Inc. (NYSE:OMC) Logo

Investors sentiment decreased to 1.11 in Q2 2019. Its down 0.03, from 1.14 in 2019Q1. It worsened, as 47 investors sold Omnicom Group Inc. shares while 195 reduced holdings. 66 funds opened positions while 202 raised stakes. 220.67 million shares or 0.05% less from 220.79 million shares in 2019Q1 were reported.

Mackay Shields Ltd Liability Co, New York-based fund reported 278,080 shares. First Republic Invest Management reported 58,039 shares. First Trust Advsr Limited Partnership has 0.2% invested in Omnicom Group Inc. (NYSE:OMC). Parsons Cap Management Ri holds 0.24% or 26,389 shares. Sumitomo Life Insur has invested 0.2% in Omnicom Group Inc. (NYSE:OMC). Jnba Fincl Advsr stated it has 0% in Omnicom Group Inc. (NYSE:OMC). Foster Motley owns 22,784 shares. Moreover, Long Road Invest Counsel Lc has 1.79% invested in Omnicom Group Inc. (NYSE:OMC). 9,300 are held by Gsa Cap Prtnrs Llp. City, West Virginia-based fund reported 1,981 shares. Eqis Capital Mgmt holds 0.03% of its portfolio in Omnicom Group Inc. (NYSE:OMC) for 4,515 shares. Caprock Gp owns 5,459 shares for 0.09% of their portfolio. Macquarie Gru Limited owns 68,829 shares. First Merchants has 0.63% invested in Omnicom Group Inc. (NYSE:OMC) for 48,091 shares. Grantham Mayo Van Otterloo Co holds 68,367 shares or 0.04% of its portfolio.

Omnicom Group (NYSE:OMC) Receives a Downgrade

BidaskScore downgraded the rating on Omnicom Group (NYSE:OMC) shares to a “Sell”. This, change in their rating was just revealed to clients and investors in a research note earlier today.

Omnicom Group Inc. (NYSE:OMC) Ratings Coverage

Among 4 analysts covering Omnicom Group (NYSE:OMC), 0 have Buy rating, 0 Sell and 4 Hold. Therefore 0 are positive. Omnicom Group has $88 highest and $8100 lowest target. $84.25’s average target is 12.86% above currents $74.65 stock price. Omnicom Group had 7 analyst reports since April 17, 2019 according to SRatingsIntel. The stock of Omnicom Group Inc. (NYSE:OMC) has “Outperform” rating given on Wednesday, April 17 by BMO Capital Markets. Citigroup maintained Omnicom Group Inc. (NYSE:OMC) on Monday, September 9 with “Neutral” rating. Barclays Capital upgraded the shares of OMC in report on Wednesday, April 17 to “Equal-Weight” rating. The rating was downgraded by BMO Capital Markets to “Market Perform” on Monday, July 15.

The stock increased 2.02% or $1.48 during the last trading session, reaching $74.65. About 2.18M shares traded or 24.35% up from the average. Omnicom Group Inc. (NYSE:OMC) has risen 17.35% since October 13, 2018 and is uptrending. It has outperformed by 17.35% the S&P500.

Analysts await Omnicom Group Inc. (NYSE:OMC) to report earnings on October, 15. They expect $1.30 earnings per share, up 4.84 % or $0.06 from last year’s $1.24 per share. OMC’s profit will be $282.78 million for 14.36 P/E if the $1.30 EPS becomes a reality. After $1.68 actual earnings per share reported by Omnicom Group Inc. for the previous quarter, Wall Street now forecasts -22.62 % negative EPS growth.

Omnicom Group Inc., together with its subsidiaries, provides advertising, marketing, and corporate communications services. The company has market cap of $16.24 billion. The firm offers a range of services in the areas of advertising, customer relationship management, or CRM, public relations, and specialty communications. It has a 12.54 P/E ratio. The Company’s services comprise advertising, brand consultancy, content marketing, corporate social responsibility consulting, crisis communication, custom publishing, data analytics, database management, environmental design, financial/corporate business-to-business advertising, graphic arts/digital imaging, healthcare communications, and instore design services.

More notable recent Omnicom Group Inc. (NYSE:OMC) news were published by: Benzinga.com which released: “Earnings Scheduled For July 17, 2019 – Benzinga” on July 17, 2019, also Prnewswire.com with their article: “ONE HUNDRED And Gobel Group Form Strategic Partnership In Healthcare Philanthropic Consulting – PRNewswire” published on October 07, 2019, Prnewswire.com published: “Omnicom Group Reports Second Quarter and Year-to-Date 2019 Results – PRNewswire” on July 17, 2019. More interesting news about Omnicom Group Inc. (NYSE:OMC) were released by: Seekingalpha.com and their article: “Omnicom Group Inc. 2019 Q2 – Results – Earnings Call Slides – Seeking Alpha” published on July 17, 2019 as well as Gurufocus.com‘s news article titled: “School Safety and Data Privacy Outpace Water Conservation, Health and Housing as Top Causes Americans Care About – GuruFocus.com” with publication date: September 12, 2019.

Omnicom Group Inc. (NYSE:OMC) Institutional Positions Chart

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