A New Trick Up Its Sleeve: Omnicom Group Inc. (OMC), Delta Air Lines, Inc. (DAL)

Omnicom Group Inc. (NYSE:OMC) rose 4.32% this week, a trend that has led to both investors and traders taking note of the stock. Over the past one year, the equity price has embarked on a rally that has seen it rise 5.24% and is now up by 4.46% since start of this year. A look at its monthly performance shows that the stock has recorded a -0.57% fall over the past 30 days. Its equity price climbed by 9.98% over the past three months which led to its overall six-month decrease to stand at -2.09%.

The shares of Omnicom Group Inc. (OMC) dropped by -8.2% or -$6.83 from its last recorded high of $83.34 which it attained on February 14 to close at $76.51 per share. Over the past 52 weeks, the shares of Omnicom Group Inc. has been trading as low as $65.85 before witnessing a massive surge by 16.19% or $10.66. This price movement has led to the OMC stock receiving more attention and has become one to watch out for. It jumped by 0.74% on Sunday and this got the market excited. The stock’s beta now stands at 0.73 and when compared to its 200-day moving average and its 50-day moving average, OMC price stands 5.15% above and 2.03% above respectively. Its average daily volatility for this week is 1.58% which is less than the 2.24% recorded over the past month.

Experts from research firms are bullish about the near-term performance of Omnicom Group Inc. with most of them predicting a $75.5 price target on a short-term (12 months) basis. The average price target by the analysts will see a -1.32% rise in the stock and would lead to OMC’s market cap to surge to $16.8B. The stock has been rated an average 3.1, which roughly stands towards the bearish end of the spectrum. Reuters looked into the 16 analysts that track Omnicom Group Inc. (NYSE:OMC) and find out that 8 of them rated it as a Hold. 3 of the 8 analysts rated it as a Buy or a Strong Buy while 5 advised investors to desist from buying the stock or sell it if they already possess it.

A look at OMC technical analysis shows that its 14-day Relative Strength Index (RSI) is in a neutral zone after reaching 60.27 point. Its trading volume has lost -901992 shares compared to readings over the past three months as it recently exchanged 1928008 shares. This means there is reduced activity from short-term traders as per session, its average trading volume is 2830000 shares, and this is 0.68 times the normal volume.

Analysts have predicted a price target for Delta Air Lines, Inc. (DAL) for 1 year and it stands at an average $65.85/share. This means that it would likely increase by 35.61% from its current position. The current price of the stock has been moving between $47.59 and $48.67. Some brokerage firms have a lower target for the stock than the average, with one of them setting a price target as low as $53. On the other hand, one analyst is super bullish about the price, setting a target as high as $95.

Analysts view Delta Air Lines, Inc. (NYSE:DAL) as a Buy, with 1.7 consensus rating. Reuters surveyed 20 analysts that follow DAL and found that 1 of those analysts rated the stock as a Hold. The remaining 19 were divided, with 19 analyst rating it as a Buy or a Strong Buy while 0 analysts advised investors to desist from buying Delta Air Lines, Inc. (DAL) shares or sell it if they already own it.