Owens & Minor, Inc. (NYSE:OMI) Receives $20.63 Consensus Price Target from Brokerages

Owens & Minor, Inc. (NYSE:OMI) has been assigned an average recommendation of “Hold” from the nine brokerages that are presently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, five have given a hold recommendation and two have given a buy recommendation to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $20.63.

Several brokerages have weighed in on OMI. StockNews.com cut Owens & Minor from a “buy” rating to a “hold” rating in a report on Thursday, May 23rd. Robert W. Baird dropped their price objective on Owens & Minor from $20.00 to $19.00 and set a “neutral” rating for the company in a report on Tuesday, July 16th. Bank of America lowered their price target on Owens & Minor from $18.00 to $16.00 and set an “underperform” rating for the company in a report on Tuesday, June 25th. Finally, Citigroup raised Owens & Minor from a “neutral” rating to a “buy” rating and lowered their price target for the stock from $24.00 to $19.00 in a report on Friday, July 19th.

Insider Transactions at Owens & Minor

In related news, Director Mark A. Beck sold 9,344 shares of the business’s stock in a transaction on Wednesday, June 5th. The stock was sold at an average price of $17.25, for a total transaction of $161,184.00. Following the sale, the director now owns 11,154 shares in the company, valued at approximately $192,406.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Director Mark A. Beck sold 9,344 shares of the business’s stock in a transaction on Wednesday, June 5th. The stock was sold at an average price of $17.25, for a total transaction of $161,184.00. Following the sale, the director now owns 11,154 shares in the company, valued at approximately $192,406.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Snehashish Sarkar sold 9,980 shares of the business’s stock in a transaction on Tuesday, June 4th. The stock was sold at an average price of $17.32, for a total value of $172,853.60. Following the sale, the executive vice president now owns 59,137 shares in the company, valued at approximately $1,024,252.84. The disclosure for this sale can be found here. In the last quarter, insiders sold 31,923 shares of company stock valued at $562,711. Corporate insiders own 3.59% of the company’s stock.

Institutional Investors Weigh In On Owens & Minor

A number of institutional investors have recently made changes to their positions in OMI. Norges Bank bought a new stake in shares of Owens & Minor in the 4th quarter valued at about $9,160,000. Dimensional Fund Advisors LP grew its position in shares of Owens & Minor by 8.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 4,210,991 shares of the company’s stock valued at $81,148,000 after buying an additional 327,002 shares during the last quarter. Lord Abbett & CO. LLC bought a new stake in shares of Owens & Minor in the 1st quarter valued at about $4,683,000. Vanguard Group Inc. grew its position in shares of Owens & Minor by 1.9% in the 1st quarter. Vanguard Group Inc. now owns 8,749,866 shares of the company’s stock valued at $242,459,000 after buying an additional 162,182 shares during the last quarter. Finally, Kennedy Capital Management LLC grew its position in shares of Owens & Minor by 42.6% in the 1st quarter. Kennedy Capital Management LLC now owns 525,849 shares of the company’s stock valued at $14,571,000 after buying an additional 157,038 shares during the last quarter. Institutional investors own 98.04% of the company’s stock.

Owens & Minor Price Performance

Shares of NYSE OMI opened at $15.50 on Wednesday. The stock has a market capitalization of $1.19 billion, a PE ratio of -30.39, a P/E/G ratio of 0.49 and a beta of 0.25. 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 business has a fifty day moving average price of $15.66 and a two-hundred day moving average price of $20.33. Owens & Minor has a fifty-two week low of $12.36 and a fifty-two week high of $28.35.

Owens & Minor (NYSE:OMI) last announced its quarterly earnings data 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 firm had revenue of $2.61 billion during the quarter, compared to analysts’ expectations of $2.61 billion. Owens & Minor had a positive return on equity of 12.97% and a negative net margin of 0.37%. The company’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.05 EPS. As a group, equities analysts predict that Owens & Minor will post 1.54 earnings per share 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.