tl;dr
Omnicom's (NYSE:OMC) stock rose about 2% on Wednesday after Wells Fargo upgraded the shares to Overweight citing trends supporting stronger EPS growth. The advertising company reported first quarter adjusted EPS of $1.67 and revenue of $3.6B Tuesday postmarket, with both these top and bottom line nu...
Omnicom's (NYSE:OMC) stock rose about 2% on Wednesday after Wells Fargo upgraded the shares to Overweight citing trends supporting stronger EPS growth. The advertising company reported first quarter adjusted EPS of $1.67 and revenue of $3.6B Tuesday postmarket, with both these top and bottom line numbers beating estimates. The firm sees an upside to Omnicom's organic growth from new business, media trends and Flywheel. Wells Fargo raised its organic growth plus adjusted EPS estimates for the company, and upped the price target on the shares to $106 from $91. A team of analysts led by Steven Cahall noted that they now see Omnicom on a trend of stable-to-improving organic growth with acceleration from Flywheel/Precision Marketing. With scope for more business wins, the analysts like the upside to estimates. They also think OMC can re-rate, as Agency data points become themes and those themes impact the multiples. Cahall and his team noted that Omnicom said it has less major business to defend this year, but the analysts think Volkswagen's nearly $2B global media account is a risk. However, the analysts added that there is a bigger potential opportunity to pursue from Amazon (AMZN), General Motors (GM), and Unilever (UL) which likely add up to more than $25B. While these large accounts would not likely affect 2024, the analysts think it sets up 2025 as having potential organic growth upside (and Flywheel will help). Omnicom (OMC) has a Hold rating at Seeking Alpha's Quant Rating system, which consistently beats the market. The Seeking Alpha authors' (total 1 author in this case) average rating is also Hold, however, the average Wall Street analysts' rating is more positive with a Buy tag.
More about Omnicom Group Inc
Omnicom Group Inc Analysis Summary
Omnicom Group Inc. is an American global media, marketing and corporate communications holding company, headquartered in New York City.
Sector: Trade & Services
Industry: Services-Advertising Agencies
Market Cap: $17.94B
Current Price: $13.16
PE Ratio: 2.8
EPS: 6.91
Dividend Yield: 73.68%
Beta: 0.0947
Revenue: $14.69B
Net Income: $10.25B
Debt to Equity: 0.019
Current Ratio: 0.05
More about Amazon.com Inc
Amazon.com Inc,Amazon.com, Inc. is an American multinational technology company which focuses on e-commerce, cloud computing, digital streaming, and artificial intelligence. It is one of the Big Five companies in the U.S. information technology industry, along with Google, Apple, Microsoft, and Facebook. The company has been referred to as one of the most influential economic and cultural forces in the world, as well as the world's most valuable brand.
Industry: TRADE & SERVICES
Sector: RETAIL-CATALOG & MAIL-ORDER HOUSES
Market Cap: 1907023151000
PE Ratio: 63.21
Dividend Yield: None
Beta: 2.9
52-Week High: 209.59
52-Week Low: 50.69
Price to Sales: 0.139
More about General Motors Company
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General Motors Company (GM) is an American multinational corporation headquartered in Detroit, Michigan that designs, manufactures, markets, and distributes vehicles and vehicle parts, and sells financial services, with global headquarters in Detroit's Renaissance Center.
Industry: MANUFACTURING, MOTOR VEHICLES & PASSENGER CAR BODIES
Market Cap: $49.25 billion
Dividend Yield: 5.83%
EPS: 0.36
P/E Ratio: 7.32
Stock Price: $125.98
ROE: 5.89%
Revenue: $171.84 billion
Forward P/E: 51.13
Price/Book: 0.135
Change: -0.003
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More about Unilever PLC ADR
Unilever PLC ADR Summary Unilever PLC ADR Summary
Unilever PLC is a fast-moving consumer goods company operating in Asia, Africa, the Middle East, Turkey, Russia, Ukraine, Belarus, America, and Europe. The company is headquartered in London, the United Kingdom.
Industry: Life Sciences
Products: Soap, Detergents, Cleaning Preparations, Perfumes, Cosmetics
Market Cap: $119.36 billion
Stock Price: $17.02
Dividend Yield: 1.711%
P/E Ratio: 23.69
EPS: $0.109
Revenue: $59.60 billion
Employees: 46,000
Change (Day): -0.377%
Change (Year): -0.042%
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