Owens & Minor (NYSE:OMI) Rating Increased to Strong-Buy at Baird R W

Key Points

• Owens & Minor has been upgraded by Baird R W from a "hold" rating to a "strong-buy" rating, indicating positive sentiment from analysts regarding the stock's future performance.
• As of recent reports, the company's average price target is $11.60, with a mix of ratings from analysts including one sell, three holds, two buys, and one strong buy.
• Owens & Minor's recent financial results showed a 23% earnings per share increase year-over-year, outperforming consensus estimates, which contributed to the stock's rating upgrade.

Owens & Minor (NYSE:OMI - Get Free Report) was upgraded by analysts at Baird R W from a "hold" rating to a "strong-buy" rating in a report issued on Friday,Zacks.com reports.

Several other research analysts have also recently issued reports on the stock. Robert W. Baird upped 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. Citigroup decreased their price target on shares of Owens & Minor from $13.00 to $11.00 and set a "buy" rating for the company in a research note on Thursday, April 17th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $9.29.

Owens & Minor Stock Up 17.3%

Shares of NYSE:OMI traded up $0.80 on Friday, hitting $5.43. 4,695,721 shares of the company's stock were exchanged, compared to its average volume of 1,496,818. The firm's 50-day moving average is $7.77 and its 200 day moving average is $8.06. The company has a market capitalization of $419.39 million, a PE ratio of -1.14, a P/E/G ratio of 0.31 and a beta of 1.04. Owens & Minor has a 1-year low of $4.56 and a 1-year high of $16.63. The company has a debt-to-equity ratio of 3.32, a quick ratio of 0.41 and a current ratio of 1.13.

Owens & Minor (NYSE:OMI - Get Free Report) last released its quarterly earnings data on Monday, August 11th. The company reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by ($0.01). The business had revenue of $681.90 million for the quarter, compared to analyst estimates of $2.73 billion. Owens & Minor had a positive return on equity of 17.09% and a negative net margin of 3.41%. The company's revenue was up 3.3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.36 earnings per share. Sell-side analysts predict that Owens & Minor will post 1.51 EPS for the current year.

Institutional Trading of Owens & Minor

Several hedge funds have recently made changes to their positions in the company. DekaBank Deutsche Girozentrale increased its holdings in Owens & Minor by 76.6% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 3,126 shares of the company's stock valued at $28,000 after acquiring an additional 1,356 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Owens & Minor by 4.0% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 42,930 shares of the company's stock worth $561,000 after buying an additional 1,662 shares in the last quarter. Sterling Capital Management LLC grew its holdings in shares of Owens & Minor by 758.3% during the fourth quarter. Sterling Capital Management LLC now owns 2,060 shares of the company's stock worth $27,000 after buying an additional 1,820 shares in the last quarter. Public Employees Retirement System of Ohio grew its holdings in shares of Owens & Minor by 25.0% during the second quarter. Public Employees Retirement System of Ohio now owns 9,660 shares of the company's stock worth $88,000 after buying an additional 1,932 shares in the last quarter. Finally, Legal & General Group Plc grew its holdings in shares of Owens & Minor by 0.9% during the fourth quarter. Legal & General Group Plc now owns 212,061 shares of the company's stock worth $2,772,000 after buying an additional 1,991 shares in the last quarter. 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.