Owens & Minor, Inc. (NYSE:OMI) Given Consensus Rating of “Hold” by Brokerages

Owens & Minor, Inc. (NYSE:OMIGet Rating) has earned an average recommendation of “Hold” from the seven ratings firms that are currently covering the stock, MarketBeat reports. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $48.00.

OMI has been the topic of several research analyst reports. Credit Suisse Group increased their price target on shares of Owens & Minor from $42.00 to $43.00 and gave the company a “neutral” rating in a report on Monday, February 28th. Zacks Investment Research cut shares of Owens & Minor from a “buy” rating to a “hold” rating in a report on Friday, May 6th. StockNews.com cut shares of Owens & Minor from a “buy” rating to a “hold” rating in a report on Wednesday. Finally, Citigroup initiated coverage on shares of Owens & Minor in a report on Tuesday, April 26th. They issued a “buy” rating on the stock.

Shares of OMI stock opened at $35.77 on Thursday. The company has a debt-to-equity ratio of 2.78, a quick ratio of 0.61 and a current ratio of 1.54. The firm’s 50-day moving average is $41.42 and its 200-day moving average is $41.79. The stock has a market cap of $2.72 billion, a price-to-earnings ratio of 14.19, a PEG ratio of 1.32 and a beta of 0.46. Owens & Minor has a 52-week low of $29.85 and a 52-week high of $49.16.

Owens & Minor (NYSE:OMIGet Rating) last issued its earnings results on Tuesday, May 3rd. The company reported $0.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.77 by $0.19. The company had revenue of $2.41 billion for the quarter, compared to analysts’ expectations of $2.31 billion. Owens & Minor had a net margin of 1.94% and a return on equity of 29.89%. Owens & Minor’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.57 EPS. Sell-side analysts predict that Owens & Minor will post 3.35 EPS for the current fiscal year.

In other Owens & Minor news, Director Robert J. Henkel bought 2,000 shares of the firm’s stock in a transaction on Monday, May 2nd. The shares were purchased at an average price of $35.00 per share, for a total transaction of $70,000.00. Following the transaction, the director now directly owns 26,000 shares in the company, valued at approximately $910,000. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 4.09% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. National Bank of Canada FI boosted its position in shares of Owens & Minor by 168.7% during the 1st quarter. National Bank of Canada FI now owns 583 shares of the company’s stock worth $26,000 after acquiring an additional 366 shares in the last quarter. EverSource Wealth Advisors LLC acquired a new stake in shares of Owens & Minor during the 4th quarter worth approximately $28,000. CWM LLC bought a new position in Owens & Minor in the 4th quarter valued at approximately $31,000. US Asset Management LLC bought a new position in Owens & Minor in the 1st quarter valued at approximately $34,000. Finally, US Bancorp DE lifted its stake in Owens & Minor by 67.4% in the 1st quarter. US Bancorp DE now owns 1,145 shares of the company’s stock valued at $51,000 after purchasing an additional 461 shares during the last quarter. Institutional investors and hedge funds own 95.69% of the company’s stock.

Owens & Minor Company Profile (Get Rating)

Owens & Minor, Inc, together with its subsidiaries, operates as a healthcare solutions company in the United States and internationally. It operates through two segments, Global Solutions and Global Products. The Global Solutions segment offers a portfolio of products and services to healthcare providers and manufacturers.

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