OM Group Upgraded to Overweight at First Analysis (OMG)
OM Group (NYSE:OMG) was upgraded by research analysts at First Analysis from an “equal weight” rating to an “overweight” rating in a report released on Tuesday, TheFlyOnTheWall.com reports. The firm currently has a $31.00 price objective on the stock. First Analysis’ price target would indicate a potential upside of 24.00% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Zacks downgraded shares of OM Group from a “neutral” rating to an “underperform” rating in a research note on Wednesday, August 6th. They now have a $23.70 price target on the stock. Separately, analysts at Northcoast Research cut their price target on shares of OM Group from $40.00 to $34.00 in a research note on Tuesday, August 5th. They now have a “buy” rating on the stock. Finally, 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, August 4th. They now have a “buy” rating on the stock.
OM Group (NYSE:OMG) traded up 0.56% on Tuesday, hitting $25.14. 186,463 shares of the company’s stock traded hands. OM Group has a one year low of $24.08 and a one year high of $37.58. The stock’s 50-day moving average is $29.91 and its 200-day moving average is $31.19. The company has a market cap of $798.9 million and a price-to-earnings ratio of 20.15.
OM Group (NYSE:OMG) last released its earnings data on Friday, August 1st. The company reported $0.28 earnings per share (EPS) for the quarter, missing the 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 previous year, the company posted $0.36 earnings per share. The company’s revenue for the quarter was down 9.1% on a year-over-year basis. Analysts expect that OM Group will post $1.13 EPS for the current fiscal year.
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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