Owens & Minor, Inc. (NYSE:OMI) Given Average Rating of "Hold" by Brokerages

Owens & Minor, Inc. (NYSE:OMI - Get Free Report) has earned an average recommendation of "Hold" from the five ratings firms that are currently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $11.60.

A number of research analysts have commented on OMI shares. Citigroup reduced their price objective on Owens & Minor from $13.00 to $11.00 and set a "buy" rating on the stock in a research note on Thursday, April 17th. Robert W. Baird lifted their target price on Owens & Minor from $9.00 to $10.00 and gave the company a "neutral" rating in a research note on Friday, June 6th.

Owens & Minor Stock Performance

Shares of OMI stock opened at $9.01 on Wednesday. The company has a market cap of $696.02 million, a price-to-earnings ratio of -1.90, a price-to-earnings-growth ratio of 0.38 and a beta of 1.40. The stock has a 50 day simple moving average of $7.57 and a 200-day simple moving average of $9.17. Owens & Minor has a 12-month low of $6.07 and a 12-month high of $16.98. The company has a current ratio of 1.13, a quick ratio of 0.41 and a debt-to-equity ratio of 3.32.

Owens & Minor (NYSE:OMI - Get Free Report) last announced its earnings results on Saturday, May 10th. The company reported $0.23 EPS for the quarter, beating analysts' consensus estimates of $0.20 by $0.03. Owens & Minor had a positive return on equity of 17.09% and a negative net margin of 3.41%. During the same quarter in the previous year, the firm posted $0.19 EPS. The company's revenue was up .7% compared to the same quarter last year. On average, equities analysts forecast that Owens & Minor will post 1.51 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in OMI. Sterling Capital Management LLC lifted its stake in Owens & Minor by 758.3% in the fourth quarter. Sterling Capital Management LLC now owns 2,060 shares of the company's stock valued at $27,000 after buying an additional 1,820 shares during the period. Versant Capital Management Inc increased its stake in shares of Owens & Minor by 537.6% during the 1st quarter. Versant Capital Management Inc now owns 3,201 shares of the company's stock worth $29,000 after purchasing an additional 2,699 shares during the last quarter. Parallel Advisors LLC increased its stake in shares of Owens & Minor by 1,387.0% during the 1st quarter. Parallel Advisors LLC now owns 3,316 shares of the company's stock worth $30,000 after purchasing an additional 3,093 shares during the last quarter. Quarry LP bought a new stake in shares of Owens & Minor during the 1st quarter worth about $34,000. Finally, Headlands Technologies LLC bought a new stake in shares of Owens & Minor during the 1st quarter worth about $55,000. Institutional investors and hedge funds own 98.04% of the company's stock.

Owens & Minor Company Profile

Owens & Minor, Inc is a healthcare solutions company, which engages in the product manufacturing and delivery, home health supply, and perioperative services to support care through the hospital and into the home. It operates through the Products and Healthcare Services, and Patient Direct segments.

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