Omnicom Group, Inc. (OMC) concluded trading on Thursday at a closing price of $92.63, with 3.07 million shares of worth about $284.05 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 19.11% during that period and on March 14, 2024 the price saw a loss of about -3.18%. Currently the company’s common shares owned by public are about 198.00M shares, out of which, 195.85M shares are available for trading.
Stock saw a price change of -0.12% in past 5 days and over the past one month there was a price change of 8.80%. Year-to-date (YTD), OMC shares are showing a performance of 7.07% which increased to 6.02% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $72.20 but also hit the highest price of $99.23 during that period. The average intraday trading volume for Omnicom Group, Inc. shares is 1.52 million. The stock is currently trading 3.17% above its 20-day simple moving average (SMA20), while that difference is up 4.25% for SMA50 and it goes to 9.95% higher than SMA200.
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Omnicom Group, Inc. (NYSE: OMC) currently have 198.00M outstanding shares and institutions hold larger chunk of about 94.66% of that.
The stock has a current market capitalization of $18.34B and its 3Y-monthly beta is at 0.97. PE ratio of stock for trailing 12 months is 13.38, while it has posted earnings per share of $6.92 in the same period. Its PEG reads 1.52 and has Quick Ratio of 0.95 while making debt-to-equity ratio of 1.86. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for OMC, volatility over the week remained 2.11% while standing at 1.75% over the month.
Analysts are in expectations that Omnicom Group, Inc. (OMC) stock would likely to be making an EPS of $1.54 in the current quarter, while forecast for next quarter EPS is $1.87 and it is $8.35 for next year. For the current quarter EPS, analysts have given the company a lowest target $1.47 which is $1.63 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $1.56 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 4.77% while it is estimated to increase by 7.37% in next year. EPS is likely to grow at an annualized rate of 8.80% for next 5-years, compared to annual growth of 3.46% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Wells Fargo on February 07, 2024 offering an Equal weight rating for the stock and assigned a target price range of between $85 and $91 to it. Coverage by JP Morgan stated Omnicom Group, Inc. (OMC) stock as an Overweight in their note to investors on February 07, 2024, suggesting a price target of $104 for the stock. Stock get an Overweight rating from Morgan Stanley on December 15, 2023.
