Omnicom Group, Inc. (OMC) concluded trading on Wednesday at a closing price of $92.45, with 3.5 million shares of worth about $323.87 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 21.61% during that period and on April 17, 2024 the price saw a gain of about 1.64%. Currently the company’s common shares owned by public are about 198.00M shares, out of which, 195.85M shares are available for trading.
However, the stock later moved at a day high price of 92.57, or with a gain of 1.64%. Stock saw a price change of 0.75% in past 5 days and over the past one month there was a price change of -0.32%. Year-to-date (YTD), OMC shares are showing a performance of 6.87% which decreased to -3.41% 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 1.63 million. The stock is currently trading -1.12% below its 20-day simple moving average (SMA20), while that difference is up 1.59% for SMA50 and it goes to 9.76% 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 94.77% of that.
The stock has a current market capitalization of $18.30B and its 3Y-monthly beta is at 0.98. PE ratio of stock for trailing 12 months is 12.49, while it has posted earnings per share of $7.40 in the same period. Its PEG reads 0.93 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 2.33% while standing at 1.79% over the month.
Stock’s fiscal year EPS is expected to rise by 6.42% while it is estimated to increase by 7.56% in next year. EPS is likely to grow at an annualized rate of 13.40% 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 Apr-18-24 offering an Overweight rating for the stock and assigned a target price range of between $91 and $106 to it. Coverage by Macquarie stated Omnicom Group, Inc. (OMC) stock as an Outperform in their note to investors on April 02, 2024, suggesting a price target of $110 for the stock. On March 28, 2024, Exane BNP Paribas Upgrade their recommendations, while on February 07, 2024, Wells Fargo Reiterated their ratings for the stock with a price target of $91. Stock get an Overweight rating from JP Morgan on February 07, 2024.
