Currently, Omnicom Group, Inc. [OMC] is trading at $94.41, up 2.97%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The OMC shares have gain 5.84% over the last week, with a monthly amount glided 8.98%, and seem to be holding up well over a long-time horizon.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
On 5, March 2024, TBWA Backslash’s 2024 Edges: The Year of Adaption. In a post published today on Yahoo Finance, TBWA’s cultural intelligence unit offers a blueprint for the twists and turns that lie ahead.
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.
This stock has fluctuated between a low of $72.20 and a high of $99.23 over the last 52 weeks. 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 $94.41 at the most recent close of the market. An investor can expect a potential return of 23.62% 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 0.18% with Operating Profit Margin at 0.14%, Pretax Profit Margin comes in at 0.14%, and Net Profit Margin reading is 0.09%. To continue investigating profitability, this company’s Return on Assets is posted at 0.05, Equity is 0.4 and Total Capital is 0.18. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.8.
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 92.60 points at the first support level, and at 90.79 for the second support level. However, for the 1st resistance point, the stock is sitting at 95.36, and for the 2nd resistance point, it is at 96.32.
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. In addition, the Quick Ratio stands at 0.95 and the Cash Ratio stands at 0.27. Considering the valuation of this stock, the price to sales ratio is 1.27, the price to book ratio is 5.17 and price to earnings (TTM) ratio is 13.64.
Transactions by insiders
Recent insider trading involved RICE LINDA JOHNSON, Director, that happened on Feb 09 ’24 when 507.0 shares were sold. Director, RICE LINDA JOHNSON completed a deal on Nov 15 ’23 to sell 587.0 shares. Meanwhile, SVP, Chief Accounting Officer Castellaneta Andrew sold 3300.0 shares on Nov 02 ’23.
