At the time of writing, Omnicom Group, Inc [OMC] stock is trading at $87.89, up 0.16%. 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 lost -2.52% over the last week, with a monthly amount drifted -10.35%, 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 October 16, 2024, when JP Morgan reiterated its Overweight rating and also boosted its price target to $119 from $118. Previously, Wells Fargo downgraded its rating to Equal Weight on October 16, 2024, and elevated its price target to $110. On May 07, 2024, upgrade upgraded it’s rating to Overweight and revised its price target to $110 on the stock. Wells Fargo upgraded its rating to a Overweight and increased its price target to $106 on April 17, 2024. Macquarie reiterated its recommendation of a Outperform and raised its price target to $110 on April 02, 2024. Exane BNP Paribas upgraded its rating to Outperform for this stock on March 28, 2024, but kept the price target unchanged to $115. In a note dated February 07, 2024, Wells Fargo reiterated an Equal Weight rating on this stock and boosted its target price from $85 to $91.
For the past year, the stock price of Omnicom Group, Inc fluctuated between $84.43 and $107.00. Currently, Wall Street analysts expect the stock to reach $110.25 within the next 12 months. Omnicom Group, Inc [NYSE: OMC] shares were valued at $87.89 at the most recent close of the market. An investor can expect a potential return of 25.44% based on the average OMC price forecast.
Analyzing the OMC fundamentals
According to Omnicom Group, Inc [NYSE:OMC], the company’s sales were 15.43B for trailing twelve months, which represents an 8.51% jump. Gross Profit Margin for this corporation currently stands at 0.18% 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 0.37 and Total Capital is 0.17. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.76.
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 87.27 points at the first support level, and at 86.65 for the second support level. However, for the 1st resistance point, the stock is sitting at 88.82, and for the 2nd resistance point, it is at 89.75.
Ratios To Look Out For
It is important to note that Omnicom Group, Inc [NYSE:OMC] has a current ratio of 0.98. Also, the Quick Ratio is 0.98, while the Cash Ratio stands at 0.23. Considering the valuation of this stock, the price to sales ratio is 1.12, the price to book ratio is 4.34 and price to earnings (TTM) ratio is 12.00.
Transactions by insiders
Recent insider trading involved Castellaneta Andrew, SVP, Chief Accounting Officer, that happened on Oct 18 ’24 when 4000.0 shares were sold. Officer, Castellaneta Andrew completed a deal on Oct 18 ’24 to buy 4000.0 shares. Meanwhile, Senior VP and Treasurer Tarlowe Rochelle M. sold 3000.0 shares on Aug 26 ’24.
