Owens & Minor, Inc. (NYSE:OMI) Receives $23.29 Consensus Price Target from Brokerages

Owens & Minor, Inc. (NYSE:OMI) has received a consensus rating of “Hold” from the eight research firms that are currently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $23.29.

A number of equities research analysts have issued reports on the company. SVB Leerink assumed coverage on Owens & Minor in a research note on Monday, February 26th. They set a “market perform” rating and a $24.00 price target for the company. Leerink Partnrs reiterated a “market perform” rating on shares of Owens & Minor in a research note on Monday, February 26th. Citigroup upped their price target on Owens & Minor from $23.00 to $24.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 21st. Robert W. Baird upped their price target on Owens & Minor from $24.00 to $28.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 10th. Finally, StockNews.com upgraded Owens & Minor from a “hold” rating to a “buy” rating in a research note on Wednesday, February 21st.

Insider Transactions at Owens & Minor

In other news, SVP Michael Wayne Lowry sold 10,000 shares of the stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $25.00, for a total transaction 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 2.62% of the company’s stock.

Institutional Investors Weigh In On Owens & Minor

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Riverview Trust Co purchased a new stake in Owens & Minor in the first quarter valued at about $25,000. GAMMA Investing LLC raised its stake in shares of Owens & Minor by 52.1% in the first quarter. GAMMA Investing LLC now owns 1,644 shares of the company’s stock worth $46,000 after purchasing an additional 563 shares during the last quarter. Heartwood Wealth Advisors LLC purchased a new position in shares of Owens & Minor in the first quarter worth about $260,000. Virtu Financial LLC purchased a new position in shares of Owens & Minor in the fourth quarter worth about $428,000. Finally, Quarry LP raised its stake in shares of Owens & Minor by 38.8% in the fourth quarter. Quarry LP now owns 2,573 shares of the company’s stock worth $50,000 after purchasing an additional 719 shares during the last quarter. 98.04% of the stock is currently owned by hedge funds and other institutional investors.

Owens & Minor Stock Performance

Shares of OMI stock opened at $23.97 on Monday. Owens & Minor has a 12 month low of $13.34 and a 12 month high of $28.35. The stock has a market cap of $1.84 billion, a PE ratio of -44.39, a price-to-earnings-growth ratio of 0.79 and a beta of 0.43. The company has a current ratio of 1.11, a quick ratio of 0.52 and a debt-to-equity ratio of 2.05. The company’s fifty day moving average price is $24.76 and its 200-day moving average price is $20.72.

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

About Owens & Minor

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.