StockNews.com Downgrades Owens & Minor (NYSE:OMI) to Sell

Owens & Minor (NYSE:OMI – Get Rating) was downgraded by StockNews.com from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Friday.

Several other equities research analysts have also weighed in on OMI. Credit Suisse Group dropped their target price on Owens & Minor from $20.00 to $17.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 7th. Citigroup lowered their price target on Owens & Minor from $20.00 to $17.00 and set a “neutral” rating on the stock in a report on Wednesday. Finally, Robert W. Baird lowered their price target on Owens & Minor from $23.00 to $18.00 and set a “neutral” rating on the stock in a report on Wednesday, March 1st. Three equities research analysts have rated the stock with a sell rating and three have assigned a hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $17.20.

Owens & Minor Trading Down 4.6 %

NYSE OMI opened at $13.33 on Friday. Owens & Minor has a 12 month low of $13.27 and a 12 month high of $47.24. The company has a 50-day moving average of $19.49 and a 200-day moving average of $20.98. The company has a debt-to-equity ratio of 2.63, a current ratio of 1.47 and a quick ratio of 0.61. The company has a market cap of $1.02 billion, a P/E ratio of 47.61, a P/E/G ratio of 9.75 and a beta of 0.60.

Owens & Minor (NYSE:OMI – Get Rating) last posted its earnings results on Tuesday, February 28th. The company reported $0.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.11). The business had revenue of $2.55 billion for the quarter, compared to analyst estimates of $2.46 billion. Owens & Minor had a return on equity of 19.29% and a net margin of 0.22%. The firm’s revenue for the quarter was up 3.4% compared to the same quarter last year. During the same period last year, the company posted $0.81 EPS. As a group, equities analysts predict that Owens & Minor will post 1.18 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. US Bancorp DE grew its holdings in Owens & Minor by 34.6% during the second quarter. US Bancorp DE now owns 1,541 shares of the company’s stock worth $48,000 after acquiring an additional 396 shares during the period. Advisor Group Holdings Inc. boosted its position in shares of Owens & Minor by 10.1% in the 1st quarter. Advisor Group Holdings Inc. now owns 4,858 shares of the company’s stock valued at $214,000 after purchasing an additional 444 shares during the period. Delphia USA Inc. boosted its position in shares of Owens & Minor by 8.2% in the 1st quarter. Delphia USA Inc. now owns 6,163 shares of the company’s stock valued at $271,000 after purchasing an additional 469 shares during the period. Baird Financial Group Inc. boosted its position in shares of Owens & Minor by 3.5% in the 1st quarter. Baird Financial Group Inc. now owns 14,784 shares of the company’s stock valued at $650,000 after purchasing an additional 503 shares during the period. Finally, SummerHaven Investment Management LLC boosted its position in shares of Owens & Minor by 2.3% in the 4th quarter. SummerHaven Investment Management LLC now owns 24,991 shares of the company’s stock valued at $488,000 after purchasing an additional 573 shares during the period.

About Owens & Minor

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Owens & Minor, Inc is a healthcare solutions company, which engages in the product manufacturing and delivery, home health supply, and perioperative services to support care through the hospital and into the home. It operates through the Products and Healthcare Services, and Patient Direct segments. The Products and Healthcare Services segment includes medical distribution, the outsourced logistics and value-added services business, and global products, which manufacture and source medical surgical products through the production and kitting operations.