Credicorp Ltd. (BAP) Forms $230.80 Double Top; Massachusetts Financial Services Company Lowered Omnicom Group (OMC) Holding

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Massachusetts Financial Services Company decreased Omnicom Group Inc (OMC) stake by 0.51% reported in 2017Q4 SEC filing. Massachusetts Financial Services Company sold 89,332 shares as Omnicom Group Inc (OMC)’s stock declined 1.21%. The Massachusetts Financial Services Company holds 17.46 million shares with $1.27 billion value, down from 17.55 million last quarter. Omnicom Group Inc now has $16.32 billion valuation. The stock decreased 0.06% or $0.04 during the last trading session, reaching $71.82. About 583,226 shares traded. Omnicom Group Inc. (NYSE:OMC) has declined 13.63% since April 16, 2017 and is downtrending. It has underperformed by 25.18% the S&P500.

Credicorp Ltd. (BAP) formed double top with $244.64 target or 6.00% above today’s $230.80 share price. Credicorp Ltd. (BAP) has $18.41 billion valuation. The stock decreased 0.09% or $0.205 during the last trading session, reaching $230.795. About 25,282 shares traded. Credicorp Ltd. (NYSE:BAP) has risen 38.54% since April 16, 2017 and is uptrending. It has outperformed by 26.99% the S&P500.

Among 9 analysts covering Credicorp LTD (NYSE:BAP), 6 have Buy rating, 0 Sell and 3 Hold. Therefore 67% are positive. Credicorp LTD has $21900 highest and $142 lowest target. $179.20’s average target is -22.36% below currents $230.795 stock price. Credicorp LTD had 12 analyst reports since September 11, 2015 according to SRatingsIntel. As per Wednesday, September 21, the company rating was maintained by Credit Suisse. Santander downgraded Credicorp Ltd. (NYSE:BAP) on Thursday, March 24 to “Hold” rating. The firm has “Buy” rating by UBS given on Tuesday, August 15. The rating was maintained by JP Morgan with “Overweight” on Thursday, August 11. Barclays Capital maintained Credicorp Ltd. (NYSE:BAP) rating on Tuesday, March 15. Barclays Capital has “Overweight” rating and $149 target. The firm has “Outperform” rating by Scotia Capital given on Tuesday, March 15. HSBC downgraded Credicorp Ltd. (NYSE:BAP) on Monday, November 13 to “Hold” rating. The stock of Credicorp Ltd. (NYSE:BAP) has “Overweight” rating given on Friday, September 11 by Morgan Stanley. The stock has “Neutral” rating by Citigroup on Friday, September 29.

Analysts await Credicorp Ltd. (NYSE:BAP) to report earnings on May, 4. They expect $3.88 EPS, up 15.82% or $0.53 from last year’s $3.35 per share. BAP’s profit will be $309.47 million for 14.87 P/E if the $3.88 EPS becomes a reality. After $4.11 actual EPS reported by Credicorp Ltd. for the previous quarter, Wall Street now forecasts -5.60% negative EPS growth.

Among 16 analysts covering Omnicom (NYSE:OMC), 4 have Buy rating, 1 Sell and 11 Hold. Therefore 25% are positive. Omnicom had 49 analyst reports since July 23, 2015 according to SRatingsIntel. The rating was maintained by RBC Capital Markets on Tuesday, October 17 with “Buy”. The firm has “Overweight” rating given on Monday, March 21 by JP Morgan. Wells Fargo downgraded the stock to “Market Perform” rating in Thursday, April 14 report. BMO Capital Markets upgraded it to “Buy” rating and $90.0 target in Friday, February 16 report. RBC Capital Markets downgraded the shares of OMC in report on Friday, February 16 to “Hold” rating. As per Monday, October 16, the company rating was maintained by BMO Capital Markets. The stock has “Neutral” rating by Atlantic Securities on Friday, March 2. The company was upgraded on Wednesday, March 8 by RBC Capital Markets. As per Tuesday, August 22, the company rating was maintained by RBC Capital Markets. The firm has “Hold” rating given on Friday, October 16 by Pivotal Research.

Analysts await Omnicom Group Inc. (NYSE:OMC) to report earnings on April, 17. They expect $1.05 earnings per share, up 8.25% or $0.08 from last year’s $0.97 per share. OMC’s profit will be $238.65 million for 17.10 P/E if the $1.05 EPS becomes a reality. After $1.55 actual earnings per share reported by Omnicom Group Inc. for the previous quarter, Wall Street now forecasts -32.26% negative EPS growth.

Since October 19, 2017, it had 0 insider purchases, and 4 selling transactions for $847,042 activity. Hewitt Dennis E. sold $154,758 worth of stock. 498 shares were sold by RICE LINDA JOHNSON, worth $38,426 on Tuesday, February 27. $617,516 worth of Omnicom Group Inc. (NYSE:OMC) shares were sold by Sherman Peter K..

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