The price-to-earnings ratio for Omnicom Group Inc. (NYSE: OMC) is above average at 13.71x, while the 36-month beta value is 0.85.Analysts have differing opinions on the stock, with 5 analysts rating it as a “buy,” 0 as “overweight,” 7 as “hold,” and 1 as “sell.”
The average price point forecasted by analysts for Omnicom Group Inc. (OMC) is $95.90, which is $6.23 above the current market price. The public float for OMC is 201.15M, and currently, short sellers hold a 5.09% ratio of that floaft. The average trading volume of OMC on March 15, 2023 was 1.71M shares.
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OMC) stock’s latest price update
Omnicom Group Inc. (NYSE: OMC)’s stock price has increased by 2.02 compared to its previous closing price of 85.64. Nevertheless, the company has seen a -3.78% plunge in its stock price over the last five trading sessions. The Wall Street Journal reported on 02/07/23 that Omnicom CEO Wants to Embrace Generative AI as Quickly as Possible
OMC’s Market Performance
Omnicom Group Inc. (OMC) has experienced a -3.78% fall in stock performance for the past week, with a -4.14% drop in the past month, and a 15.49% rise in the past quarter. The volatility ratio for the week is 2.09%, and the volatility levels for the past 30 days are at 1.79% for OMC. The simple moving average for the last 20 days is -4.17% for OMC stock, with a simple moving average of 16.78% for the last 200 days.
Analysts’ Opinion of OMC
Many brokerage firms have already submitted their reports for OMC stocks, with Morgan Stanley repeating the rating for OMC by listing it as a “Equal-Weight.” The predicted price for OMC in the upcoming period, according to Morgan Stanley is $95 based on the research report published on February 08th of the current year 2023.
Wells Fargo, on the other hand, stated in their research note that they expect to see OMC reach a price target of $73, previously predicting the price at $96. The rating they have provided for OMC stocks is “Overweight” according to the report published on July 08th, 2022.
OMC Trading at -0.98% from the 50-Day Moving Average
After a stumble in the market that brought OMC to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -9.48% of loss for the given period.
Volatility was left at 1.79%, however, over the last 30 days, the volatility rate increased by 2.09%, as shares sank -6.03% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +7.08% upper at present.
During the last 5 trading sessions, OMC fell by -3.78%, which changed the moving average for the period of 200-days by +21.21% in comparison to the 20-day moving average, which settled at $90.89. In addition, Omnicom Group Inc. saw 7.11% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at OMC starting from Nelson Jonathan B., who sale 25,000 shares at the price of $93.41 back on Feb 16. After this action, Nelson Jonathan B. now owns 128,038 shares of Omnicom Group Inc., valued at $2,335,250 using the latest closing price.
Castellaneta Andrew, the SVP, Chief Accounting Officer of Omnicom Group Inc., sale 6,000 shares at $92.80 during a trade that took place back on Feb 10, which means that Castellaneta Andrew is holding 31,121 shares at $556,800 based on the most recent closing price.
Stock Fundamentals for OMC
Current profitability levels for the company are sitting at:
- +15.37 for the present operating margin
- +18.02 for the gross margin
The net margin for Omnicom Group Inc. stands at +9.21. Equity return is now at value 44.50, with 5.20 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 0.97.
Conclusion
In a nutshell, Omnicom Group Inc. (OMC) has experienced a mixed performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
