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

Shares of Owens & Minor, Inc. (NYSE:OMIGet Free Report) have been assigned an average recommendation of “Hold” from the eight brokerages that are currently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company. The average 1-year target price among brokers that have covered the stock in the last year is $23.29.

A number of equities research analysts recently weighed in on the stock. Robert W. Baird lowered their target price on shares of Owens & Minor from $28.00 to $24.00 and set a “neutral” rating on the stock in a research note on Monday, May 6th. Citigroup raised their target price on shares of Owens & Minor from $24.00 to $28.00 and gave the company a “neutral” rating in a research note on Tuesday, April 30th. SVB Leerink assumed coverage on shares of Owens & Minor in a research note on Monday, February 26th. They issued a “market perform” rating and a $24.00 target price on the stock. TheStreet raised shares of Owens & Minor from a “d+” rating to a “c-” rating in a research note on Monday, March 4th. Finally, StockNews.com downgraded shares of Owens & Minor from a “buy” rating to a “hold” rating in a research note on Thursday, May 23rd.

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Owens & Minor Trading Up 1.0 %

Shares of Owens & Minor stock opened at $17.67 on Tuesday. Owens & Minor has a 12-month low of $13.64 and a 12-month high of $28.35. The company has a market cap of $1.35 billion, a price-to-earnings ratio of -34.65, a PEG ratio of 0.56 and a beta of 0.33. The company has a current ratio of 1.16, a quick ratio of 0.56 and a debt-to-equity ratio of 2.17. The company’s 50-day moving average price is $21.85 and its 200-day moving average price is $21.70.

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

Insider Buying and Selling at Owens & Minor

In other Owens & Minor news, SVP Jonathan A. Leon sold 5,000 shares of the stock in a transaction that occurred on Monday, April 22nd. The shares were sold at an average price of $24.84, for a total transaction of $124,200.00. Following the transaction, 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 Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, EVP Heath H. Galloway sold 2,031 shares of the firm’s stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $20.18, for a total value of $40,985.58. Following the transaction, the executive vice president now owns 56,898 shares in the company, valued at $1,148,201.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Jonathan A. Leon sold 5,000 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the senior vice president now owns 84,673 shares in the company, valued at approximately $2,103,277.32. The disclosure for this sale can be found here. Insiders have sold 36,923 shares of company stock worth $686,911 over the last ninety days. Insiders own 3.59% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Burney Co. bought a new stake in Owens & Minor in the first quarter valued at $271,000. Kennedy Capital Management LLC boosted its holdings in Owens & Minor by 42.6% in the first quarter. Kennedy Capital Management LLC now owns 525,849 shares of the company’s stock valued at $14,571,000 after acquiring an additional 157,038 shares in the last quarter. Bridgeway Capital Management LLC boosted its holdings in Owens & Minor by 11.8% in the first quarter. Bridgeway Capital Management LLC now owns 591,174 shares of the company’s stock valued at $16,381,000 after acquiring an additional 62,509 shares in the last quarter. Public Employees Retirement System of Ohio bought a new stake in Owens & Minor in the first quarter valued at $120,000. Finally, Price T Rowe Associates Inc. MD boosted its holdings in Owens & Minor by 5.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 48,286 shares of the company’s stock valued at $1,339,000 after acquiring an additional 2,671 shares in the last quarter. Institutional investors own 98.04% of the company’s stock.

Owens & Minor Company Profile

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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.

Further Reading

Analyst Recommendations for Owens & Minor (NYSE:OMI)

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