Owens & Minor, Inc. (NYSE:OMI) Receives $18.50 Average Target Price from Brokerages

Owens & Minor, Inc. (NYSE:OMI) has been assigned a consensus recommendation of “Hold” from the eight analysts that are presently covering the firm, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and two have given a buy recommendation to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $18.50.

A number of equities research analysts have commented on the company. Robert W. Baird decreased their price target on Owens & Minor from $19.00 to $14.00 and set a “neutral” rating on the stock in a report on Tuesday, November 5th. Barclays decreased their target price 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 price target on Owens & Minor from $21.00 to $18.50 and set a “buy” rating on the stock in a report on Tuesday, November 5th. Finally, UBS Group cut their price objective on shares of Owens & Minor from $28.00 to $25.00 and set a “buy” rating for the company in a report on Tuesday, November 5th.

Insiders Place Their Bets

In related news, CFO Jonathan A. Leon sold 5,282 shares of the company’s 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 sale, the chief financial officer now owns 130,822 shares of the company’s stock, valued at $1,546,316.04. This represents a 3.88 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 3.59% of the company’s stock.

Institutional Trading of Owens & Minor

A number of large investors have recently made changes to their positions in the business. Quarry LP lifted its holdings in shares of Owens & Minor by 290.1% in the 2nd quarter. Quarry LP now owns 2,099 shares of the company’s stock valued at $28,000 after acquiring an additional 1,561 shares during the last quarter. DekaBank Deutsche Girozentrale lifted its stake in shares of Owens & Minor by 76.6% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 3,126 shares of the company’s stock valued at $43,000 after purchasing an additional 1,356 shares during the last quarter. Blue Trust Inc. lifted its stake in shares of Owens & Minor by 176.8% in the 3rd quarter. Blue Trust Inc. now owns 2,787 shares of the company’s stock valued at $44,000 after purchasing an additional 1,780 shares during the last quarter. Canada Pension Plan Investment Board purchased a new position in shares of Owens & Minor in the 2nd quarter worth approximately $82,000. Finally, Meeder Asset Management Inc. increased its position in shares of Owens & Minor by 844.1% during the 3rd quarter. Meeder Asset Management Inc. now owns 9,016 shares of the company’s stock valued at $141,000 after purchasing an additional 8,061 shares during the last quarter. 98.04% of the stock is currently owned by institutional investors.

Owens & Minor Trading Up 0.1 %

Shares of NYSE:OMI opened at $14.55 on Wednesday. Owens & Minor has a 12-month low of $11.42 and a 12-month high of $28.35. The company has a market cap of $1.12 billion, a PE ratio of -22.38, a price-to-earnings-growth ratio of 0.39 and a beta of 0.46. The stock has a 50 day moving average of $13.39 and a 200 day moving average of $14.21. The company has a current ratio of 1.09, a quick ratio of 0.45 and a debt-to-equity ratio of 2.11.

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

Owens & Minor Company Profile

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.