Owens & Minor, Inc. (NYSE:OMI) Receives $18.50 Average Target Price from Analysts

Shares of Owens & Minor, Inc. (NYSE:OMI) have been given an average rating of “Hold” by the eight analysts that are covering the company, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price target among brokerages that have covered the stock in the last year is $18.50.

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

Owens & Minor Trading Up 1.3 %

Shares of OMI opened at $12.72 on Friday. Owens & Minor has a twelve month low of $11.42 and a twelve month high of $28.35. 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 $980.83 million, a P/E ratio of -19.57, a PEG ratio of 0.48 and a beta of 0.42. The firm’s 50-day moving average is $13.19 and its two-hundred day moving average is $14.47.

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

Insider Buying and Selling

In other Owens & Minor news, CFO Jonathan A. Leon sold 5,282 shares of the business’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $11.82, for a total transaction of $62,433.24. Following the completion of the sale, the chief financial officer now owns 130,822 shares in the company, valued at $1,546,316.04. The trade was a 3.88 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 2.62% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of OMI. FMR LLC raised its stake in Owens & Minor by 0.8% during the third quarter. FMR LLC now owns 11,564,624 shares of the company’s stock worth $181,449,000 after acquiring an additional 90,862 shares during the period. Deerfield Management Company L.P. Series C grew its holdings in shares of 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 valued at $86,014,000 after purchasing an additional 1,493,852 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Owens & Minor by 1.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,534,204 shares of the company’s stock worth $61,213,000 after purchasing an additional 76,599 shares during the period. State Street Corp raised its position in shares of Owens & Minor by 2.6% during the 3rd quarter. State Street Corp now owns 3,064,547 shares of the company’s stock worth $48,083,000 after purchasing an additional 78,985 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings 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 worth $31,823,000 after purchasing an additional 187,079 shares during the last quarter. 98.04% of the stock is currently owned by institutional investors.

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.