Northcoast Research Raises OM Group to Buy (OMG)

By admin | 6 years ago

OM Group (NYSE: OMG) was upgraded by research analysts at Northcoast Research from a “neutral” rating to a “buy” rating in a report released on Wednesday.

OM Group traded down 3.05% on Wednesday, hitting $18.13. OM Group has a 52-week low of $20.13 and a 52-week high of $41.88. The company has a market cap of $578.1 million and a price-to-earnings ratio of 31.06.

OM Group last posted its quarterly earnings results on Thursday, May 3rd. The company reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.07. The company’s revenue for the quarter was up 40.7% on a year-over-year basis. Analysts expect that OM Group will post $0.71 EPS next quarter.

A number of other analysts have also recently weighed in on OMG. Analysts at TheStreet downgraded shares of OM Group to a “hold” rating in a research note to investors on Tuesday, May 1st. Separately, 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. Finally, 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.

OM Group, Inc. is a global solutions provider of specialty chemicals, advanced materials, electrochemical energy storage and technologies.

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