Saratoga Research & Investment Management Lowered Omnicom Group (OMC) Stake; New Gold Inc. (TSE:NGD) Covered By 2 Bullish Analysts Last Week

December 15, 2017 - By Louis Casey

Among 11 analysts covering New Gold Inc. (TSE:NGD), 2 have Buy rating, 3 Sell and 6 Hold. Therefore 18% are positive. New Gold Inc. had 32 analyst reports since July 28, 2015 according to SRatingsIntel. On Friday, September 29 the stock rating was upgraded by Scotia Capital to “Sector Perform”. The firm has “Sector Perform” rating by RBC Capital Markets given on Wednesday, June 29. The firm has “Hold” rating by Mackie given on Thursday, October 29. Credit Suisse downgraded the shares of NGD in report on Tuesday, January 31 to “Underperform” rating. The stock has “Sector Perform” rating by Scotia Capital on Monday, January 23. The firm has “Buy” rating given on Friday, April 28 by TD Securities. The company was upgraded on Friday, August 28 by Mackie. The company was downgraded on Tuesday, January 31 by Scotia Capital. The stock of New Gold Inc. (TSE:NGD) has “Sell” rating given on Monday, December 11 by Desjardins Securities. Desjardins Securities upgraded the shares of NGD in report on Tuesday, February 23 to “Hold” rating. See New Gold Inc. (TSE:NGD) latest ratings:

11/12/2017 Broker: Desjardins Securities Rating: Sell Maintain
20/10/2017 Broker: Canaccord Genuity Old Rating: Hold New Rating: Buy Old Target: $4.75 New Target: $5.75 Upgrade
29/09/2017 Broker: Canaccord Genuity Rating: Old Target: $4.25 New Target: $4.75 Target Up
29/09/2017 Broker: Scotia Capital Rating: Sector Perform New Target: $5.00 Upgrade

Saratoga Research & Investment Management decreased Omnicom Group (OMC) stake by 3.18% reported in 2017Q2 SEC filing. Saratoga Research & Investment Management sold 6,006 shares as Omnicom Group (OMC)’s stock declined 2.32%. The Saratoga Research & Investment Management holds 183,067 shares with $15.18M value, down from 189,073 last quarter. Omnicom Group now has $17.23B valuation. The stock increased 2.23% or $1.63 during the last trading session, reaching $74.73. About 1.57 million shares traded. Omnicom Group Inc. (NYSE:OMC) has risen 1.15% since December 15, 2016 and is uptrending. It has underperformed by 15.55% the S&P500.

Analysts await Omnicom Group Inc. (NYSE:OMC) to report earnings on February, 6. They expect $1.55 earnings per share, up 5.44% or $0.08 from last year’s $1.47 per share. OMC’s profit will be $357.33 million for 12.05 P/E if the $1.55 EPS becomes a reality. After $1.13 actual earnings per share reported by Omnicom Group Inc. for the previous quarter, Wall Street now forecasts 37.17% EPS growth.

Saratoga Research & Investment Management increased Int’l Business Machines (NYSE:IBM) stake by 19,953 shares to 234,458 valued at $36.07 million in 2017Q2. It also upped Starbucks (NASDAQ:SBUX) stake by 35,146 shares and now owns 308,409 shares. Cognizant Tech Solutions (NASDAQ:CTSH) was raised too.

Investors sentiment increased to 1 in Q2 2017. Its up 0.11, from 0.89 in 2017Q1. It increased, as 53 investors sold OMC shares while 237 reduced holdings. 57 funds opened positions while 200 raised stakes. 225.35 million shares or 2.06% more from 220.79 million shares in 2017Q1 were reported. Smithfield Tru holds 0.01% or 540 shares. Beutel Goodman Limited holds 1.39% or 2.40M shares. Boston & Mngmt Incorporated holds 32,094 shares or 1.44% of its portfolio. Schwartz Invest Counsel Inc, a Michigan-based fund reported 456,500 shares. American Century owns 742,648 shares. Loring Wolcott & Coolidge Fiduciary Advisors Llp Ma accumulated 1,550 shares or 0% of the stock. Security Natl reported 0.68% stake. Lpl Limited Liability owns 12,442 shares. 89,435 are owned by British Columbia Inv. Pensionfund Dsm Netherlands holds 36,800 shares or 0.47% of its portfolio. First Personal Fincl owns 51 shares for 0% of their portfolio. Neville Rodie & Shaw Inc holds 0.03% of its portfolio in Omnicom Group Inc. (NYSE:OMC) for 2,740 shares. Legacy Private Tru Co invested 0.56% in Omnicom Group Inc. (NYSE:OMC). 5,724 were accumulated by Cleararc Cap. Fmr Lc holds 2.74M shares or 0.03% of its portfolio.

Since October 19, 2017, it had 0 buys, and 2 selling transactions for $653,858 activity. Another trade for 489 shares valued at $36,342 was made by RICE LINDA JOHNSON on Thursday, October 19. Shares for $617,516 were sold by Sherman Peter K. on Monday, December 11.

Among 15 analysts covering Omnicom (NYSE:OMC), 4 have Buy rating, 1 Sell and 10 Hold. Therefore 27% are positive. Omnicom had 39 analyst reports since July 23, 2015 according to SRatingsIntel. The stock of Omnicom Group Inc. (NYSE:OMC) earned “Buy” rating by Argus Research on Tuesday, October 31. Zacks downgraded the stock to “Buy” rating in Tuesday, August 25 report. The stock has “Overweight” rating by JP Morgan on Monday, March 21. RBC Capital Markets maintained Omnicom Group Inc. (NYSE:OMC) on Wednesday, April 12 with “Buy” rating. Pivotal Research upgraded it to “Hold” rating and $69 target in Friday, October 16 report. BMO Capital Markets maintained Omnicom Group Inc. (NYSE:OMC) on Wednesday, November 22 with “Hold” rating. On Wednesday, October 18 the stock rating was upgraded by Telsey Advisory Group to “Outperform”. BMO Capital Markets maintained the stock with “Hold” rating in Monday, October 16 report. The stock has “Hold” rating by Barclays Capital on Friday, April 21. The rating was maintained by Telsey Advisory Group with “Market Perform” on Wednesday, July 20.

New Gold Inc., an intermediate gold mining company, engages in the development and operation of mineral properties. The company has market cap of $2.22 billion. It explores for gold, silver, and copper deposits. It has a 28.24 P/E ratio. The company’s operating properties include the New Afton project located to the northeast of Vancouver in the south-central interior of British Columbia, Canada; the Mesquite mine located in Imperial County, California, the United States; the Peak mines located in New South Wales, Australia; and the Cerro San Pedro mine located in the state of San Luis Potosí, Mexico.

The stock increased 2.13% or $0.08 during the last trading session, reaching $3.84. About 416,448 shares traded. New Gold Inc. (TSE:NGD) has 0.00% since December 15, 2016 and is . It has underperformed by 16.70% the S&P500.

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