Owens & Minor (NYSE:OMI) Stock Rating Upgraded by StockNews.com

Owens & Minor (NYSE:OMIGet Free Report) was upgraded by research analysts at StockNews.com from a “hold” rating to a “buy” rating in a note issued to investors on Wednesday.

A number of other equities research analysts also recently commented on OMI. Robert W. Baird decreased their target price on Owens & Minor from $28.00 to $24.00 and set a “neutral” rating on the stock in a research report on Monday, May 6th. SVB Leerink initiated coverage on shares of Owens & Minor in a report on Monday, February 26th. They issued a “market perform” rating and a $24.00 target price for the company. Barclays upped 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 dropped their price objective on shares of Owens & Minor from $28.00 to $26.00 and set a “buy” rating for the company in a research note on Monday, January 29th. Finally, Leerink Partnrs restated a “market perform” rating on shares of Owens & Minor in a report on Monday, February 26th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $23.29.

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Owens & Minor Trading Up 5.7 %

Owens & Minor stock opened at $19.77 on Wednesday. Owens & Minor has a 1 year low of $13.64 and a 1 year high of $28.35. The firm’s 50 day moving average price is $24.54 and its 200-day moving average price is $21.71. The company has a debt-to-equity ratio of 2.17, a current ratio of 1.16 and a quick ratio of 0.56. The stock has a market cap of $1.51 billion, a P/E ratio of -38.76, a PEG ratio of 0.63 and a beta of 0.52.

Owens & Minor (NYSE:OMIGet Free Report) last posted its earnings results on Friday, May 3rd. The company reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.02. The company had revenue of $2.61 billion during the quarter, compared to analysts’ expectations of $2.61 billion. Owens & Minor had a negative net margin of 0.37% and a positive return on equity of 12.97%. Owens & Minor’s quarterly revenue was up 3.6% on a year-over-year basis. During the same period last year, the company posted $0.05 earnings per share. On average, equities analysts predict that Owens & Minor will post 1.53 earnings per share for the current fiscal year.

Insider Buying and Selling at Owens & Minor

In other news, SVP Jonathan A. Leon sold 5,000 shares of the firm’s stock in a transaction dated 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 owns 84,673 shares in the company, valued at approximately $2,103,277.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, SVP Jonathan A. Leon sold 5,000 shares of the stock in a transaction that occurred on Monday, April 22nd. The stock was sold at an average price of $24.84, for a total value of $124,200.00. Following the sale, the senior vice president now directly owns 84,673 shares in the company, valued at $2,103,277.32. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Michael Wayne Lowry sold 10,000 shares of the business’s 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 transaction, the senior vice president now owns 71,654 shares of the company’s stock, valued at approximately $1,791,350. The disclosure for this sale can be found here. Company insiders own 2.62% of the company’s stock.

Institutional Trading of Owens & Minor

A number of large investors have recently modified their holdings of the company. Deerfield Management Company L.P. Series C grew its position 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 buying an additional 1,690,000 shares in the last quarter. FMR LLC lifted its position in Owens & Minor by 10.6% during the third quarter. FMR LLC now owns 11,479,209 shares of the company’s stock valued at $185,504,000 after acquiring an additional 1,103,275 shares during the last quarter. Deutsche Bank AG boosted its stake in Owens & Minor by 278.0% in the third quarter. Deutsche Bank AG now owns 694,248 shares of the company’s stock valued at $11,219,000 after acquiring an additional 510,596 shares in the last quarter. Norges Bank purchased a new position in Owens & Minor in the fourth quarter worth $9,160,000. Finally, Dimensional Fund Advisors LP increased its position in shares of Owens & Minor by 8.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 4,210,991 shares of the company’s stock worth $81,148,000 after purchasing an additional 327,002 shares in the last quarter. Hedge funds and other institutional investors own 98.04% of the company’s stock.

About Owens & Minor

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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.

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