A share price of Omnicom Group, Inc. [OMC] is currently trading at $88.31, down -0.35%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The OMC shares have gain 2.94% over the last week, with a monthly amount drifted -1.32%, and not seem to be holding up well over a long-time horizon.
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On 6, February 2024, Omnicom Reports Fourth Quarter and Full Year 2023 Results. In a post published today on Yahoo Finance, 2023 Fourth Quarter:.
From an analyst’s perspective:
Omnicom Group, Inc. [NYSE: OMC] stock has seen the most recent analyst activity on February 07, 2024, when Wells Fargo reiterated its Equal Weight rating and also boosted its price target to $91 from $85. Previously, JP Morgan reaffirmed its Overweight rating on February 07, 2024, and dropped its price target to $104. On January 11, 2024, UBS initiated with a Buy rating and assigned a price target of $117 on the stock. Macquarie upgraded its rating to a Outperform. Morgan Stanley upgraded its rating to a Overweight and raised its price target to $100 on December 15, 2023. Wells Fargo downgraded its rating to Equal Weight for this stock on July 24, 2023, and downed its price target to $88. In a note dated July 19, 2023, BofA Securities reiterated an Underperform rating on this stock and boosted its target price from $79 to $84.
Omnicom Group, Inc. experienced fluctuations in its stock price throughout the past year between $72.20 and $99.23. Currently, Wall Street analysts expect the stock to reach $116.71 within the next 12 months. Omnicom Group, Inc. [NYSE: OMC] shares were valued at $88.31 at the most recent close of the market. An investor can expect a potential return of 32.16% based on the average OMC price forecast.
Analyzing the OMC fundamentals
Trailing Twelve Months sales for Omnicom Group, Inc. [NYSE:OMC] were 14.69B which represents 4.98% growth. Gross Profit Margin for this corporation currently stands at -0.03% with Operating Profit Margin at -0.22%, Pretax Profit Margin comes in at -0.24%, and Net Profit Margin reading is -0.51%. To continue investigating profitability, this company’s Return on Assets is posted at -1.53, Equity is -2.61 and Total Capital is -22.65. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at -6.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 87.73 points at the first support level, and at 87.16 for the second support level. However, for the 1st resistance point, the stock is sitting at 88.90, and for the 2nd resistance point, it is at 89.50.
Omnicom Group, Inc. [OMC] reported earnings per share of $2.2 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $2.16/share, meaning a difference of $0.04 and a surprise factor of 1.90%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $1.86 per share as compared to estimates of $1.84 per share, a difference of $0.02 representing a surprise of 1.10%.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Omnicom Group, Inc. [NYSE:OMC] is 0.95. Further, the Quick Ratio stands at 0.95, while the Cash Ratio is 0.05. Considering the valuation of this stock, the price to sales ratio is 1.19, the price to book ratio is 4.84 and price to earnings (TTM) ratio is 12.75.
Transactions by insiders
Recent insider trading involved RICE LINDA JOHNSON, Director, that happened on Feb 09 when 507.0 shares were sold. Director, RICE LINDA JOHNSON completed a deal on Nov 15 to sell 587.0 shares. Meanwhile, SVP, Chief Accounting Officer Castellaneta Andrew sold 3300.0 shares on Nov 02.
