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

Shares of Owens & Minor, Inc. (NYSE:OMI - Get Free Report) have been assigned an average recommendation of "Hold" from the five analysts that are covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $11.60.

Several brokerages have recently commented on OMI. Citigroup lowered their target price on shares of Owens & Minor from $13.00 to $11.00 and set a "buy" rating for the company in a report on Thursday, April 17th. Robert W. Baird increased their target price on shares of Owens & Minor from $9.00 to $10.00 and gave the company a "neutral" rating in a report on Friday, June 6th.

Owens & Minor Stock Down 1.9%

OMI traded down $0.16 during trading on Wednesday, hitting $8.12. 712,179 shares of the company's stock were exchanged, compared to its average volume of 1,197,996. The company has a quick ratio of 0.41, a current ratio of 1.13 and a debt-to-equity ratio of 3.32. The business's 50 day moving average is $7.64 and its two-hundred day moving average is $9.10. Owens & Minor has a fifty-two week low of $6.07 and a fifty-two week high of $16.98. The stock has a market cap of $627.27 million, a P/E ratio of -1.71, a PEG ratio of 0.36 and a beta of 1.40.

Owens & Minor (NYSE:OMI - Get Free Report) last released its quarterly earnings data on Saturday, May 10th. The company reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.03. Owens & Minor had a negative net margin of 3.41% and a positive return on equity of 17.09%. The business's quarterly revenue was up .7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.19 EPS. As a group, equities analysts expect that Owens & Minor will post 1.51 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Owens & Minor

Institutional investors have recently added to or reduced their stakes in the stock. Sterling Capital Management LLC grew its position in Owens & Minor by 758.3% during 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 grew its position in Owens & Minor by 537.6% during the first quarter. Versant Capital Management Inc now owns 3,201 shares of the company's stock valued at $29,000 after buying an additional 2,699 shares during the period. Parallel Advisors LLC grew its position in Owens & Minor by 1,387.0% during the first quarter. Parallel Advisors LLC now owns 3,316 shares of the company's stock valued at $30,000 after buying an additional 3,093 shares during the period. Quarry LP bought a new position in Owens & Minor during the first quarter valued at about $34,000. Finally, Headlands Technologies LLC bought a new position in Owens & Minor during the first quarter valued at about $55,000. Institutional investors 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.