Somewhat Positive Media Coverage Somewhat Unlikely to Impact Omnicom Group (OMC) Stock Price
News headlines about Omnicom Group (NYSE:OMC) have trended somewhat positive this week, Accern reports. The research group identifies negative and positive news coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Omnicom Group earned a coverage optimism score of 0.06 on Accern’s scale. Accern also assigned news articles about the business services provider an impact score of 46.5017018253725 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
These are some of the media stories that may have impacted Accern’s scoring:
- Why Is Omnicom (OMC) Down 10.7% Since the Last Earnings Report? (finance.yahoo.com)
- Omnicom Group Target of Unusually High Options Trading (OMC) (americanbankingnews.com)
- ‘The incredible edible egg’ advertising tagline gets a tweak (finance.yahoo.com)
- Notable Monday Option Activity: PTCT, WTW, OMC (nasdaq.com)
- ETFs with exposure to Omnicom Group, Inc. : November 13, 2017 (finance.yahoo.com)
Shares of Omnicom Group (NYSE OMC) traded up $1.99 on Friday, reaching $69.44. The company’s stock had a trading volume of 4,783,586 shares, compared to its average volume of 2,617,412. The company has a current ratio of 0.90, a quick ratio of 0.79 and a debt-to-equity ratio of 1.62. Omnicom Group has a 1-year low of $65.32 and a 1-year high of $89.66. The stock has a market cap of $16,008.19, a P/E ratio of 13.97, a price-to-earnings-growth ratio of 1.87 and a beta of 1.22.
Omnicom Group (NYSE:OMC) last released its quarterly earnings results on Tuesday, October 17th. The business services provider reported $1.13 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.10 by $0.03. The firm had revenue of $3.72 billion for the quarter, compared to the consensus estimate of $3.69 billion. Omnicom Group had a return on equity of 42.11% and a net margin of 7.72%. The company’s revenue for the quarter was down 1.9% on a year-over-year basis. During the same period last year, the business posted $1.06 EPS. equities analysts expect that Omnicom Group will post 5.11 earnings per share for the current fiscal year.
Several research firms recently weighed in on OMC. Zacks Investment Research upgraded Omnicom Group from a “hold” rating to a “buy” rating and set a $93.00 price target on the stock in a research note on Thursday, July 27th. Royal Bank Of Canada set a $96.00 price target on Omnicom Group and gave the stock a “buy” rating in a research note on Saturday, July 22nd. Argus upgraded Omnicom Group from a “hold” rating to a “buy” rating in a research note on Tuesday, October 31st. BMO Capital Markets restated a “hold” rating and issued a $85.00 price target on shares of Omnicom Group in a research note on Wednesday, October 18th. Finally, Jefferies Group LLC restated a “hold” rating and issued a $82.00 price target on shares of Omnicom Group in a research note on Thursday, September 21st. Three research analysts have rated the stock with a sell rating, twelve have given a hold rating and three have issued a buy rating to the stock. Omnicom Group currently has a consensus rating of “Hold” and a consensus target price of $84.00.
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In other news, Director Linda Johnson Rice sold 489 shares of the firm’s stock in a transaction on Thursday, October 19th. The stock was sold at an average price of $74.32, for a total value of $36,342.48. Following the transaction, the director now directly owns 7,777 shares in the company, valued at approximately $577,986.64. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 1.10% of the company’s stock.
Omnicom Group Company Profile
Omnicom Group Inc is a holding company. The Company provides advertising, marketing and corporate communications services. The Company’s branded networks and agencies operate in all markets around the world and provide a range of services, which it groups into four disciplines: advertising, customer relationship management (CRM), public relations and specialty communications.
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