Owens & Minor (NYSE:OMI) PT Raised to $28.00 at Citigroup

Owens & Minor (NYSE:OMI) had its price objective hoisted by Citigroup from $24.00 to $28.00 in a research report sent to investors on Tuesday, Benzinga reports. The firm currently has a neutral rating on the stock.

Other research analysts also recently issued reports about the company. SVB Leerink began coverage on Owens & Minor in a report on Monday, February 26th. They set a market perform rating and a $24.00 target price on the stock. StockNews.com raised shares of Owens & Minor from a hold rating to a buy rating in a research report on Wednesday, February 21st. Robert W. Baird raised their target price on shares of Owens & Minor from $24.00 to $28.00 and gave the stock a neutral rating in a research note on Wednesday, April 10th. TheStreet upgraded shares of Owens & Minor from a d+ rating to a c- rating in a research note on Monday, March 4th. Finally, Leerink Partnrs reissued a market perform rating on shares of Owens & Minor in a report on Monday, February 26th. One analyst has rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of Hold and an average price target of $23.86.

Owens & Minor Stock Down 25.7 %

NYSE:OMI opened at $18.21 on Tuesday. Owens & Minor has a twelve month low of $13.34 and a twelve month high of $28.35. The firm has a market capitalization of $1.39 billion, a price-to-earnings ratio of -33.72, a price-to-earnings-growth ratio of 0.76 and a beta of 0.52. The company has a quick ratio of 0.52, a current ratio of 1.11 and a debt-to-equity ratio of 2.05. The stock’s 50 day moving average price is $25.46 and its two-hundred day moving average price is $21.37.

Owens & Minor (NYSE:OMI) last issued its earnings results on Tuesday, February 20th. The company reported $0.69 earnings per share for the quarter, topping analysts’ consensus estimates of $0.66 by $0.03. Owens & Minor had a negative net margin of 0.40% and a positive return on equity of 11.62%. The business had revenue of $2.66 billion for the quarter, compared to the consensus estimate of $2.67 billion. During the same period in the previous year, the company earned $0.28 earnings per share. The firm’s revenue for the quarter was up 4.1% on a year-over-year basis. Equities research analysts expect that Owens & Minor will post 1.54 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, SVP Jonathan A. Leon sold 5,000 shares of Owens & Minor stock in a transaction that occurred on Monday, April 22nd. The shares were sold at an average price of $24.84, for a total value of $124,200.00. Following the completion of the sale, the senior vice president now directly owns 84,673 shares in the company, valued at $2,103,277.32. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other Owens & Minor news, SVP Jonathan A. Leon sold 5,000 shares of the firm’s stock in a transaction on Monday, April 22nd. The stock was sold at an average price of $24.84, for a total transaction of $124,200.00. Following the transaction, the senior vice president now owns 84,673 shares in the company, valued at approximately $2,103,277.32. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Michael Wayne Lowry sold 10,000 shares of Owens & Minor stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $25.00, for a total value of $250,000.00. Following the completion of the transaction, the senior vice president now directly owns 71,654 shares of the company’s stock, valued at $1,791,350. The disclosure for this sale can be found here. Company insiders own 3.59% of the company’s stock.

Institutional Investors Weigh In On Owens & Minor

A number of large investors have recently bought and sold shares of OMI. Deerfield Management Company L.P. Series C lifted its holdings in shares of Owens & Minor by 35.6% during the 3rd quarter. Deerfield Management Company L.P. Series C now owns 6,435,000 shares of the company’s stock worth $103,990,000 after acquiring an additional 1,690,000 shares during the period. FMR LLC boosted its holdings in shares of Owens & Minor by 10.6% in the 3rd quarter. FMR LLC now owns 11,479,209 shares of the company’s stock valued at $185,504,000 after purchasing an additional 1,103,275 shares in the last quarter. Deutsche Bank AG increased its stake in shares of Owens & Minor by 278.0% in the 3rd quarter. Deutsche Bank AG now owns 694,248 shares of the company’s stock valued at $11,219,000 after purchasing an additional 510,596 shares during the last quarter. Norges Bank acquired a new position in shares of Owens & Minor during the 4th quarter worth $9,160,000. Finally, Dimensional Fund Advisors LP lifted its position in shares of Owens & Minor by 8.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 4,210,991 shares of the company’s stock worth $81,148,000 after buying an additional 327,002 shares during the last quarter. 98.04% of the stock is currently owned by institutional investors and hedge funds.

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.