Omnicom Group, Inc. [OMC] stock prices are up 1.22% to $92.62 at the moment. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The OMC shares have gain 2.24% over the last week, with a monthly amount drifted -1.74%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Omnicom Group, Inc. [NYSE: OMC] stock has seen the most recent analyst activity on April 17, 2024, when Wells Fargo upgraded its rating to a Overweight and also boosted its price target to $106 from $91. Previously, Macquarie reaffirmed its Outperform rating on April 02, 2024, and elevated its price target to $110. On March 28, 2024, upgrade upgraded it’s rating to Outperform but maintained its price target of $115 on the stock. Wells Fargo reiterated its Equal Weight rating and increased its price target to $91 on February 07, 2024. JP Morgan reiterated its recommendation of a Overweight and reduced its price target to $104 on February 07, 2024. UBS started tracking with a Buy rating for this stock on January 11, 2024, and assigned it a price target of $117. In a note dated January 05, 2024, Macquarie upgraded an Outperform rating on this stock.
The stock price of Omnicom Group, Inc. [OMC] has been fluctuating between $72.20 and $99.23 over the past year. Currently, Wall Street analysts expect the stock to reach $115.1 within the next 12 months. Omnicom Group, Inc. [NYSE: OMC] shares were valued at $92.62 at the most recent close of the market. An investor can expect a potential return of 24.27% based on the average OMC price forecast.
Analyzing the OMC fundamentals
The Omnicom Group, Inc. [NYSE:OMC] reported sales of 14.88B for trailing twelve months, representing a surge of 5.44%. Gross Profit Margin for this corporation currently stands at 0.19% with Operating Profit Margin at 0.15%, 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 0.41 and Total Capital is 0.18. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.99.
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 91.48 points at the first support level, and at 90.35 for the second support level. However, for the 1st resistance point, the stock is sitting at 93.29, and for the 2nd resistance point, it is at 93.97.
Ratios To Look Out For
It’s worth pointing out that Omnicom Group, Inc. [NYSE:OMC]’s Current Ratio is 0.93. Also, the Quick Ratio is 0.93, while the Cash Ratio stands at 0.21. Considering the valuation of this stock, the price to sales ratio is 1.22, the price to book ratio is 5.08 and price to earnings (TTM) ratio is 12.51.
Transactions by insiders
Recent insider trading involved Tarlowe Rochelle M., Senior VP and Treasurer, that happened on Mar 13 ’24 when 1500.0 shares were sold. Director, RICE LINDA JOHNSON completed a deal on Feb 09 ’24 to sell 507.0 shares. Meanwhile, Director RICE LINDA JOHNSON sold 587.0 shares on Nov 15 ’23.
