Home / Daily News / Tracking the Consensus Target Price on These Shares: Omnicom Group Inc. (NYSE:OMC)

 

Sell-side analysts following Omnicom Group Inc. (NYSE:OMC) have been making their best calculations on where they believe the stock is heading.  Combining estimates from polled analysts used by Zacks Research, we can see that the consensus target price is currently $79.29 on the stock. This number may vary from other data providers providing consensus target estimates. Covering analysts may use different methods in order to create a future target price. Because of the various methods used, price targets may be widely different from one covering analyst to the next. 

Many traders will build a system to use when entering the market. Many trading systems will work for a time, but they may need to be tweaked at some point in order to adapt to the current market environment. Successful trading systems usually require a great deal of discipline. The best traders are often able to become highly skilled at managing risk and securing profits. For new traders, it may be tempting to use a system that a friend or colleague recommends. This may work for some, but many individuals might eventually realize that the style or system does not particularly suit their trading style. 

Investors may be following some historical price data on shares of Omnicom Group Inc. (NYSE:OMC). Over the past 12 weeks, the stock has seen a change of -1.84%. If we go back to the beginning of the year, we can see that shares have changed 7.33%. Over the last 4 weeks, shares have seen a change of -6.44%. Over the last 5 trading sessions, the stock has moved 1.98%. Investors will be monitoring stock activity over the next few weeks to try and gauge which way the momentum is leaning. Checking on some possible support and resistance levels, we have noted that that the 52-week high is currently $84.77, and the 52-week low is currently $67.31. When shares are trading close to the 52-week high or 52-week low, investors might be paying added attention. Looking at some recent action, we note that the stock has been seen trading near the $78.61 mark.

We can now shift the focus to some company earnings data. Based on projections provided by 7 individual Wall Street analysts polled by Zacks Research, Omnicom Group Inc. (NYSE:OMC) has a current quarter EPS consensus estimate of 1.3. For the prior reporting period, the company posted quarterly earnings per share of 1.68. As earnings season continues, investors will be closely tracking analyst estimates. Sell-side analysts often make updates before and after the company reports earnings numbers. Following analyst estimate updates leading up to the earnings release may offer some good insight into the direction that the estimates are trending. Investors will be watching to see which companies post the largest earnings surprises this quarter.

Taking a look at the current consensus broker rating for Omnicom Group Inc. (NYSE:OMC), we note that the ABR is 2.76. This Zacks consensus rating follows a numerical scale where a number in the 1-2 range generally represents a Buy, a 3 would indicate a Hold and 4-5 signals a Sell rating. In terms of the number of bullish analysts that have the stock rated a Buy or Strong Buy, we can see that the number is currently 2.

Learning to secure profits from trading the stock market can involve a lot of diligent work and focus. The more experienced a trader becomes, they may be find it easier to follow good trading techniques. Having a plan may be one of the most important aspects for trading the equity market. Without a plan, traders may find themselves in a bind when faced with difficult real world decisions. When these decisions have a direct impact on profits and losses, traders need to be able to make sure that they make the best possible moves in order to avoid disaster.

 
Share this page