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

Owens & Minor, Inc. (NYSE:OMI - Get Free Report) has been given a consensus rating of "Hold" by the five research firms that are covering the firm, Marketbeat.com 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 1-year price objective among analysts that have covered the stock in the last year is $11.60.

Several equities research analysts recently issued reports on the stock. Citigroup reduced 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 price objective 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 Performance

Shares of NYSE OMI traded down $0.39 during midday trading on Wednesday, hitting $8.60. 1,434,894 shares of the company's stock traded hands, compared to its average volume of 1,194,763. Owens & Minor has a 1 year low of $6.07 and a 1 year high of $16.98. The stock has a market capitalization of $664.35 million, a price-to-earnings ratio of -1.81, a price-to-earnings-growth ratio of 0.38 and a beta of 1.40. The company has a debt-to-equity ratio of 3.32, a quick ratio of 0.41 and a current ratio of 1.13. The firm has a fifty day moving average of $7.57 and a 200 day moving average of $9.17.

Owens & Minor (NYSE:OMI - Get Free Report) last released its quarterly earnings results on Saturday, May 10th. The company reported $0.23 EPS for the quarter, beating 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%. During the same quarter last year, the company posted $0.19 earnings per share. The firm's revenue was up .7% compared to the same quarter last year. On average, analysts forecast that Owens & Minor will post 1.51 earnings per share for the current year.

Institutional Investors Weigh In On Owens & Minor

Institutional investors and hedge funds have recently modified their holdings of the stock. Goldman Sachs Group Inc. boosted its position in shares of Owens & Minor by 43.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 576,799 shares of the company's stock valued at $5,208,000 after acquiring an additional 175,866 shares during the last quarter. Voya Investment Management LLC boosted its position in shares of Owens & Minor by 39.9% during the 1st quarter. Voya Investment Management LLC now owns 93,067 shares of the company's stock valued at $840,000 after acquiring an additional 26,550 shares during the last quarter. Inspire Investing LLC boosted its position in shares of Owens & Minor by 32.0% during the 1st quarter. Inspire Investing LLC now owns 44,270 shares of the company's stock valued at $400,000 after acquiring an additional 10,744 shares during the last quarter. Strs Ohio bought a new position in shares of Owens & Minor during the 1st quarter valued at approximately $537,000. Finally, Acadian Asset Management LLC bought a new position in shares of Owens & Minor during the 1st quarter valued at approximately $91,000. Institutional investors own 98.04% of the company's stock.

About Owens & Minor

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.