Currently, there are 195.09M common shares owned by the public and among those 192.86M shares have been available to trade.
The company’s stock has a 5-day price change of -11.61% and -6.74% over the past three months. OMC shares are trading 7.29% year to date (YTD), with the 12-month market performance up to 13.06% higher. It has a 12-month low price of $81.41 and touched a high of $107.00 over the same period. OMC has an average intraday trading volume of 1.47 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -9.14%, -9.36%, and -3.47% respectively.
Institutional ownership of Omnicom Group, Inc (NYSE: OMC) shares accounts for 98.79% of the company’s 195.09M shares outstanding.
It has a market capitalization of $18.16B and a beta (3y monthly) value of 0.96. The stock’s trailing 12-month PE ratio is 12.67, while the earnings-per-share (ttm) stands at $7.33. The company has a PEG of 2.04 and a Quick Ratio of 0.98 with the debt-to-equity ratio at 1.96. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.62% over the week and 2.36% over the month.
Earnings per share for the fiscal year are expected to increase by 8.70%, and 8.17% over the next financial year. EPS should grow at an annualized rate of 6.22% over the next five years, compared to 3.46% over the past 5-year period.
Looking at the support for the OMC, a number of firms have released research notes about the stock. JP Morgan stated their Overweight rating for the stock in a research note on October 16, 2024, with the firm’s price target at $118-$119. Wells Fargo coverage for the Omnicom Group, Inc (OMC) stock in a research note released on October 16, 2024 offered a Equal Weight rating with a price target of $110. Barclays was of a view on May 07, 2024 that the stock is Overweight, while Wells Fargo gave the stock Overweight rating on April 17, 2024, issuing a price target of $91- $106. Macquarie on their part issued Outperform rating on April 02, 2024.
