Owens & Minor, Inc. (NYSE:OMI) Receives Consensus Rating of “Hold” from Analysts

Owens & Minor, Inc. (NYSE:OMI) has been given a consensus recommendation of “Hold” by the eight ratings firms that are covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $18.50.

A number of analysts have recently commented on the company. Citigroup cut their price target on Owens & Minor from $21.00 to $18.50 and set a “buy” rating on the stock in a report on Tuesday, November 5th. UBS Group cut their target price on Owens & Minor from $28.00 to $25.00 and set a “buy” rating on the stock in a research note on Tuesday, November 5th. StockNews.com cut shares of Owens & Minor from a “buy” rating to a “hold” rating in a research note on Monday, August 26th. Robert W. Baird lowered their price objective on shares of Owens & Minor from $19.00 to $14.00 and set a “neutral” rating on the stock in a report on Tuesday, November 5th. Finally, Barclays reduced their target price on shares of Owens & Minor from $18.00 to $14.00 and set an “equal weight” rating for the company in a report on Tuesday, November 5th.

Owens & Minor Price Performance

Owens & Minor stock opened at $12.52 on Friday. The company has a current ratio of 1.09, a quick ratio of 0.45 and a debt-to-equity ratio of 2.11. The firm has a market capitalization of $965.40 million, a P/E ratio of -19.26, a PEG ratio of 0.48 and a beta of 0.42. The business has a 50-day moving average of $13.28 and a 200-day moving average of $14.62. Owens & Minor has a 1 year low of $11.42 and a 1 year high of $28.35.

Owens & Minor (NYSE:OMI) last announced its quarterly earnings results on Monday, November 4th. The company reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.01. Owens & Minor had a negative net margin of 0.46% and a positive return on equity of 14.60%. The company had revenue of $2.72 billion during the quarter, compared to analyst estimates of $2.68 billion. During the same quarter in the previous year, the business earned $0.44 EPS. The firm’s revenue was up 5.0% on a year-over-year basis. On average, equities analysts anticipate that Owens & Minor will post 1.49 EPS for the current year.

Insider Transactions at Owens & Minor

In related news, CFO Jonathan A. Leon sold 5,282 shares of the stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $11.82, for a total transaction of $62,433.24. Following the sale, the chief financial officer now owns 130,822 shares of the company’s stock, valued at $1,546,316.04. This represents a 3.88 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 2.62% of the company’s stock.

Hedge Funds Weigh In On Owens & Minor

Several hedge funds and other institutional investors have recently made changes to their positions in the company. FMR LLC raised its holdings in shares of Owens & Minor by 0.8% during the 3rd quarter. FMR LLC now owns 11,564,624 shares of the company’s stock worth $181,449,000 after buying an additional 90,862 shares in the last quarter. Deerfield Management Company L.P. Series C raised its stake in Owens & Minor by 30.6% during the second quarter. Deerfield Management Company L.P. Series C now owns 6,371,440 shares of the company’s stock worth $86,014,000 after acquiring an additional 1,493,852 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Owens & Minor by 1.7% during the second quarter. Dimensional Fund Advisors LP now owns 4,534,204 shares of the company’s stock worth $61,213,000 after acquiring an additional 76,599 shares in the last quarter. State Street Corp lifted its holdings in shares of Owens & Minor by 2.6% in the third quarter. State Street Corp now owns 3,064,547 shares of the company’s stock worth $48,083,000 after acquiring an additional 78,985 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Owens & Minor by 10.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,028,236 shares of the company’s stock valued at $31,823,000 after purchasing an additional 187,079 shares in 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.