Morgan Stanley analyst Cameron McVeigh maintains $Omnicom Group (OMC.US)$ with a buy rating, and maintains the target price at $115.
According to TipRanks data, the analyst has a success rate of 25.0% and a total average return of -14.1% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Omnicom Group (OMC.US)$'s main analysts recently are as follows:
Omnicom has disclosed robust results for the third quarter. However, there is an expectation of a subdued reaction from investors due to the forecast suggesting a slower pace in the fourth quarter coupled with a shortfall in operating leverage. The guidance is perceived to be somewhat prudent, with the anticipation that a fourth-quarter organic growth surpassing 5% is achievable, contingent on the fruition of project-based endeavors during the period. It is anticipated that Omnicom will project an organic growth rate for 2025 that exceeds the present market consensus.
Omnicom's third-quarter growth was robust, yet the stock has experienced a significant uptick, leaving little room for further margin and multiple growth. It's suggested that this could represent the final growth revision upward for some time, and the predictability of Omnicom's margins is uncertain with the integration of a major new client. As such, it is not recommended to allocate new capital to the stock at this juncture, given the perception that its valuation is comprehensive.
Note:
TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.
Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.
