Owens & Minor, Inc. (NYSE:OMI) Receives Average Rating of “Hold” from Analysts

by · The Markets Daily

Shares of Owens & Minor, Inc. (NYSE:OMI – Get Free Report) have been assigned a consensus rating of “Hold” from the eight brokerages that are covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $18.50.

A number of brokerages have recently issued reports on OMI. Barclays lowered their price target on Owens & Minor from $18.00 to $14.00 and set an “equal weight” rating on the stock in a research note on Tuesday, November 5th. Citigroup lowered their target price on shares of Owens & Minor from $21.00 to $18.50 and set a “buy” rating on the stock in a research note on Tuesday, November 5th. Robert W. Baird dropped their target price on shares of Owens & Minor from $19.00 to $14.00 and set a “neutral” rating for the company in a report on Tuesday, November 5th. Finally, UBS Group decreased their price target on shares of Owens & Minor from $28.00 to $25.00 and set a “buy” rating on the stock in a research note on Tuesday, November 5th.

View Our Latest Analysis on OMI

Owens & Minor Stock Performance

Shares of OMI opened at $12.72 on Friday. The company has a debt-to-equity ratio of 2.11, a quick ratio of 0.45 and a current ratio of 1.09. The stock has a 50-day moving average of $13.19 and a two-hundred day moving average of $14.47. The stock has a market cap of $980.83 million, a P/E ratio of -19.57, a P/E/G ratio of 0.48 and a beta of 0.42. Owens & Minor has a one year low of $11.42 and a one year high of $28.35.

Owens & Minor (NYSE:OMI – Get Free Report) last released its quarterly earnings data on Monday, November 4th. The company reported $0.42 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.01. Owens & Minor had a negative net margin of 0.46% and a positive return on equity of 14.60%. The firm had revenue of $2.72 billion for the quarter, compared to analyst estimates of $2.68 billion. During the same quarter in the prior year, the business earned $0.44 earnings per share. The business’s quarterly revenue was up 5.0% compared to the same quarter last year. As a group, research analysts predict that Owens & Minor will post 1.49 EPS for the current year.

Insider Transactions at Owens & Minor

In related news, CFO Jonathan A. Leon sold 5,282 shares of the stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $11.82, for a total transaction of $62,433.24. Following the completion of the sale, the chief financial officer now owns 130,822 shares in the company, valued at $1,546,316.04. This represents a 3.88 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 2.62% of the company’s stock.

Institutional Trading of Owens & Minor

A number of hedge funds have recently added to or reduced their stakes in the stock. Deerfield Management Company L.P. Series C increased its stake in shares of Owens & Minor by 30.6% during the second quarter. Deerfield Management Company L.P. Series C now owns 6,371,440 shares of the company’s stock worth $86,014,000 after acquiring an additional 1,493,852 shares during the period. Foundry Partners LLC purchased a new stake in Owens & Minor in the 3rd quarter valued at approximately $5,238,000. Charles Schwab Investment Management Inc. increased its position in Owens & Minor by 10.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,028,236 shares of the company’s stock worth $31,823,000 after purchasing an additional 187,079 shares during the period. Algert Global LLC raised its stake in shares of Owens & Minor by 189.4% during the 3rd quarter. Algert Global LLC now owns 276,438 shares of the company’s stock worth $4,337,000 after buying an additional 180,922 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its holdings in shares of Owens & Minor by 16.5% in the 2nd quarter. Renaissance Technologies LLC now owns 1,246,600 shares of the company’s stock valued at $16,829,000 after buying an additional 176,250 shares during the period. 98.04% of the stock is owned by institutional investors and hedge funds.

Owens & Minor Company Profile

(Get Free Report

Owens & Minor, Inc, together with its subsidiaries, operates as a healthcare solutions company worldwide. It operates through Products & Healthcare Services and Patient Direct segments. The Products & Healthcare Services segment offers a portfolio of products and services to healthcare providers and manufacturers.

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