TheStreet Cuts OM Group to Hold (OMG)
Shares of OM Group traded down 8.03% during mid-day trading on Tuesday, hitting $23.02. OM Group has a one year low of $20.13 and a one year high of $41.88. The company has a market cap of $733.7 million and a P/E ratio of 41.58.
The company last announced its quarterly results on Thursday, May 3rd. It reported $0.72 earnings per share (EPS) for the previous quarter, beating the Thomson Reuters consensus estimate of $0.65 EPS by $0.07. The company’s quarterly revenue was up 40.7% on a year-over-year basis. On average, analysts predict that OM Group will post $0.85 earnings per share next quarter.
OMG has been the subject of a number of other recent research reports. Analysts at First Analysis upgraded shares of OM Group from an “equal weight” rating to an “overweight” rating in a research note to investors on Thursday, March 15th. Separately, analysts at KeyBanc (NYSE: KEY) downgraded shares of OM Group from a “buy” rating to a “hold” rating in a research note to investors on Friday, March 2nd. Finally, analysts at Zacks upgraded shares of OM Group from a “neutral” rating to an “outperform” rating in a research note to investors on Saturday, February 18th.
OM Group, Inc. is a global solutions provider of specialty chemicals, advanced materials, electrochemical energy storage and technologies.