Northcoast Research Lowers OM Group Price Target to $34.00 (OMG)
Investment analysts at Northcoast Research dropped their price objective on shares of OM Group (NYSE:OMG) from $40.00 to $34.00 in a note issued to investors on Tuesday. The firm currently has a “buy” rating on the stock. Northcoast Research’s target price would indicate a potential upside of 35.46% from the company’s current price.
OM Group (NYSE:OMG) opened at 25.1588 on Tuesday. OM Group has a 52 week low of $24.08 and a 52 week high of $37.58. The stock’s 50-day moving average is $30.80 and its 200-day moving average is $31.54. The company has a market cap of $799.5 million and a P/E ratio of 20.23.
OM Group (NYSE:OMG) last posted its quarterly earnings results on Friday, August 1st. The company reported $0.28 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.40 by $0.12. The company had revenue of $297.50 million for the quarter, compared to the consensus estimate of $261.25 million. During the same quarter in the prior year, the company posted $0.36 earnings per share. The company’s quarterly revenue was down 9.1% on a year-over-year basis. Analysts expect that OM Group will post $1.35 EPS for the current fiscal year.
Separately, analysts at Topeka Capital Markets cut their price target on shares of OM Group from $39.00 to $35.00 in a research note on Monday. They now have a “buy” rating on the stock.
OM Group, Inc is a diversified industrial growth company serving attractive global markets, including automotive systems, electronic devices, aerospace, general industrial and renewable energy.
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