Omnicom Group Inc (NYSE: OMC) has reported earnings for its first fiscal quarter (ending March 31) of $1.59 versus $1.13 for the same period a year ago. For the latest four quarters through March 31, E.P.S. were $7.46 compared to $6.72 a year ago.
Recent Price Action
Omnicom Group Inc (NYSE: OMC) stock closed at $90.96 on 4/16/24 after a modest gain of 0.5%. Moreover, this advance was accompanied by unusually high trading volume at 170% of normal. The stock has declined -2.3% during the last week but has been strong relative to the market over the last nine months.
Current PriceTarget Research Rating
OMC is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Omnicom Group has a current Value Trend Rating of C (Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Omnicom Group has a poor Appreciation Score of 29 but a good Power Rating of 74, with the Neutral Value Trend Rating the result.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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