Omnicom Group, Inc. (NYSE: OMC)’s stock price has increased by 0.48 compared to its previous closing price of 93.77. However, the company has seen a 3.58% increase in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-04-19 that Examine Omnicom’s (OMC) international revenue patterns and their implications on Wall Street’s forecasts and the prospective trajectory of the stock.
Is It Worth Investing in Omnicom Group, Inc. (NYSE: OMC) Right Now?
Omnicom Group, Inc. (NYSE: OMC) has a higher price-to-earnings ratio of 12.73x compared to its average ratio, The 36-month beta value for OMC is at 0.96. Analysts have varying views on the stock, with 3 analysts rating it as a “buy,” 1 rating it as “overweight,” 9 as “hold,” and 3 as “sell.”
The public float for OMC is 193.72M, and currently, shorts hold a 4.81% of that float. The average trading volume for OMC on April 24, 2024 was 1.69M shares.
OMC’s Market Performance
The stock of Omnicom Group, Inc. (OMC) has seen a 3.58% increase in the past week, with a 0.27% rise in the past month, and a 5.29% gain in the past quarter. The volatility ratio for the week is 2.43%, and the volatility levels for the past 30 days are at 1.92% for OMC. The simple moving average for the past 20 days is 1.08% for OMC’s stock, with a 11.90% simple moving average for the past 200 days.
Analysts’ Opinion of OMC
Many brokerage firms have already submitted their reports for OMC stocks, with Wells Fargo repeating the rating for OMC by listing it as a “Overweight.” The predicted price for OMC in the upcoming period, according to Wells Fargo is $106 based on the research report published on April 17, 2024 of the current year 2024.
Macquarie, on the other hand, stated in their research note that they expect to see OMC reach a price target of $110, previously predicting the price at $100. The rating they have provided for OMC stocks is “Outperform” according to the report published on April 02nd, 2024.
Exane BNP Paribas gave a rating of “Outperform” to OMC, setting the target price at $115 in the report published on March 28th of the current year.
OMC Trading at 3.09% 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 -5.05% of loss for the given period.
Volatility was left at 1.92%, however, over the last 30 days, the volatility rate increased by 2.43%, as shares surge +0.91% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +11.38% upper at present.
During the last 5 trading sessions, OMC rose by +3.58%, which changed the moving average for the period of 200-days by +1.32% in comparison to the 20-day moving average, which settled at $93.26. In addition, Omnicom Group, Inc. saw 8.91% 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 Tarlowe Rochelle M., who sale 1,500 shares at the price of $95.34 back on Mar 13 ’24. After this action, Tarlowe Rochelle M. now owns 15,579 shares of Omnicom Group, Inc., valued at $143,012 using the latest closing price.
RICE LINDA JOHNSON, the Director of Omnicom Group, Inc., sale 507 shares at $86.66 during a trade that took place back on Feb 09 ’24, which means that RICE LINDA JOHNSON is holding 9,753 shares at $43,937 based on the most recent closing price.
Stock Fundamentals for OMC
Current profitability levels for the company are sitting at:
- 0.15 for the present operating margin
- 0.19 for the gross margin
The net margin for Omnicom Group, Inc. stands at 0.09. The total capital return value is set at 0.18. Equity return is now at value 44.35, with 5.65 for asset returns.
Based on Omnicom Group, Inc. (OMC), the company’s capital structure generated 0.67 points at debt to capital in total, while cash flow to debt ratio is standing at 0.19. The debt to equity ratio resting at 1.99. The interest coverage ratio of the stock is 10.43.
Currently, EBITDA for the company is 2.42 billion with net debt to EBITDA at 1.55. When we switch over and look at the enterprise to sales, we see a ratio of 1.5. The receivables turnover for the company is 1.88for trailing twelve months and the total asset turnover is 0.55. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.93.
Conclusion
In conclusion, Omnicom Group, Inc. (OMC) has had a better performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
