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

Owens & Minor, Inc. (NYSE:OMI) has earned a consensus recommendation of “Hold” from the eight brokerages that are covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $23.29.

A number of brokerages have commented on OMI. Barclays increased their price target on shares of Owens & Minor from $21.00 to $23.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 21st. UBS Group reduced their price target on Owens & Minor from $28.00 to $26.00 and set a “buy” rating for the company in a report on Monday, January 29th. Robert W. Baird dropped their price objective on Owens & Minor from $28.00 to $24.00 and set a “neutral” rating on the stock in a research note on Monday. Citigroup lifted their target price on Owens & Minor from $24.00 to $28.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 30th. Finally, SVB Leerink assumed coverage on Owens & Minor in a research note on Monday, February 26th. They issued a “market perform” rating and a $24.00 price target on the stock.

Owens & Minor Stock Performance

OMI opened at $18.37 on Friday. The business’s 50-day simple moving average is $24.88 and its 200 day simple moving average is $21.51. Owens & Minor has a 52-week low of $13.64 and a 52-week high of $28.35. The company has a debt-to-equity ratio of 2.17, a quick ratio of 0.56 and a current ratio of 1.16. The firm has a market capitalization of $1.41 billion, a PE ratio of -36.02, a PEG ratio of 0.57 and a beta of 0.52.

Owens & Minor (NYSE:OMI) last posted its quarterly earnings results on Friday, May 3rd. The company reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.02. The firm had revenue of $2.61 billion for the quarter, compared to analyst estimates of $2.61 billion. Owens & Minor had a positive return on equity of 12.97% and a negative net margin of 0.37%. The business’s quarterly revenue was up 3.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.05 EPS. As a group, sell-side analysts expect that Owens & Minor will post 1.54 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, SVP Michael Wayne Lowry sold 10,000 shares of the company’s stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $25.00, for a total value of $250,000.00. Following the transaction, the senior vice president now directly owns 71,654 shares in the company, valued at $1,791,350. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Owens & Minor news, SVP Michael Wayne Lowry sold 10,000 shares of Owens & Minor stock in a transaction on Tuesday, February 27th. The stock was 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 approximately $1,791,350. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Jonathan A. Leon sold 5,000 shares of the company’s stock in a transaction 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 sale, the senior vice president now owns 84,673 shares of the company’s stock, valued at $2,103,277.32. The disclosure for this sale can be found here. 2.62% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Owens & Minor

Hedge funds have recently bought and sold shares of the company. Invesco Ltd. boosted its stake in Owens & Minor by 12.0% in the third quarter. Invesco Ltd. now owns 1,081,460 shares of the company’s stock valued at $17,476,000 after buying an additional 115,995 shares in the last quarter. First Eagle Investment Management LLC acquired a new position in Owens & Minor during the third quarter worth about $2,795,000. Gotham Asset Management LLC lifted its holdings in shares of Owens & Minor by 106.4% in the third quarter. Gotham Asset Management LLC now owns 33,578 shares of the company’s stock worth $543,000 after acquiring an additional 17,310 shares during the last quarter. Qube Research & Technologies Ltd boosted its stake in shares of Owens & Minor by 95.1% in the 3rd quarter. Qube Research & Technologies Ltd now owns 200,739 shares of the company’s stock valued at $3,244,000 after purchasing an additional 97,847 shares in the last quarter. Finally, Gabelli Funds LLC bought a new stake in shares of Owens & Minor during the 3rd quarter valued at approximately $1,899,000. 98.04% of the stock is owned by institutional investors.

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.