In yesterday’s Wall Street session, Omnicom Group, Inc (NYSE:OMC) shares traded at $96.86, down -7.79% from the previous session.
OMC stock price is now -5.19% away from the 50-day moving average and 1.89% away from the 200-day moving average. The market capitalization of the company currently stands at $17.43B.
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With the price target enhanced from $118 to $119, JP Morgan maintained Overweight rating for Omnicom Group, Inc (NYSE: OMC). On October 16, 2024, Wells Fargo Downgraded its previous ‘Overweight’ rating to ‘Equal Weight’ on the stock increasing its target price from $106 to quote $110, while ‘Barclays’ rates the stock as ‘Overweight’
In other news, Castellaneta Andrew, SVP, Chief Accounting Officer sold 4,000 shares of the company’s stock on Oct 18 ’24. The stock was sold for $421,154 at an average price of $105.29. Upon completion of the transaction, the SVP, Chief Accounting Officer now directly owns 23,545 shares in the company, valued at $2.28 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 18 ’24, Officer Castellaneta Andrew bought 4,000 shares of the business’s stock. A total of $421,153 was incurred on buying the stock at an average price of $105.29. A total of 1.15% of the company’s stock is owned by insiders.
During the past 12 months, Omnicom Group, Inc has had a low of $76.90 and a high of $107.00. As of last week, the company has a debt-to-equity ratio of 1.96, a current ratio of 0.98, and a quick ratio of 0.98. According to the stock market information, the enterprise value for the company is $24176617472, which is based on a 13.22 price-to-earnings ratio, a 2.13 price-to-earnings-growth ratio, and a beta of 0.97. The fifty day moving average price for OMC is $102.1582 and a two-hundred day moving average price translates $95.05925 for the stock.
The latest earnings results from Omnicom Group, Inc (NYSE: OMC) was released for 2024-09-30. The net profit margin was 9.45% and return on equity was 40.62% for OMC. The company reported revenue of $3.88 billion for the quarter, compared to $3.58 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 8.51 percent.
