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

Shares of Owens & Minor, Inc. (NYSE:OMI - Get Free Report) have received a consensus rating of "Hold" from the eight brokerages that are presently covering the company, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and two have given a buy recommendation to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $18.50.

Several research firms have recently weighed in on OMI. Barclays reduced their target price on shares of Owens & Minor from $18.00 to $14.00 and set an "equal weight" rating for the company in a research note on Tuesday, November 5th. UBS Group lowered their target price on shares of Owens & Minor from $28.00 to $25.00 and set a "buy" rating on the stock in a report on Tuesday, November 5th. Citigroup dropped their target price on Owens & Minor from $21.00 to $18.50 and set a "buy" rating on the stock in a research report on Tuesday, November 5th. Robert W. Baird reduced their price target on Owens & Minor from $19.00 to $14.00 and set a "neutral" rating for the company in a research report on Tuesday, November 5th. Finally, StockNews.com cut Owens & Minor from a "buy" rating to a "hold" rating in a report on Monday, August 26th.

Insider Activity at Owens & Minor

In related news, CFO Jonathan A. Leon sold 5,282 shares of the firm's stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $11.82, for a total value of $62,433.24. Following the sale, the chief financial officer now directly owns 130,822 shares of the company's stock, valued at $1,546,316.04. This trade represents a 3.88 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 2.62% of the stock is owned by corporate insiders.

Institutional Trading of Owens & Minor

Several institutional investors and hedge funds have recently made changes to their positions in OMI. Quarry LP boosted its stake in Owens & Minor by 290.1% in the second quarter. Quarry LP now owns 2,099 shares of the company's stock worth $28,000 after buying an additional 1,561 shares in the last quarter. Innealta Capital LLC bought a new position in shares of Owens & Minor during the 2nd quarter valued at $43,000. DekaBank Deutsche Girozentrale raised its position in Owens & Minor by 76.6% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 3,126 shares of the company's stock worth $43,000 after purchasing an additional 1,356 shares during the period. Blue Trust Inc. lifted its stake in Owens & Minor by 176.8% in the third quarter. Blue Trust Inc. now owns 2,787 shares of the company's stock worth $44,000 after purchasing an additional 1,780 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its position in Owens & Minor by 100.6% during the second quarter. Allspring Global Investments Holdings LLC now owns 6,071 shares of the company's stock valued at $82,000 after buying an additional 3,044 shares during the period. Hedge funds and other institutional investors own 98.04% of the company's stock.

Owens & Minor Stock Performance

Shares of NYSE:OMI traded down $0.46 during mid-day trading on Tuesday, reaching $13.19. The company had a trading volume of 471,798 shares, compared to its average volume of 824,208. Owens & Minor has a one year low of $11.42 and a one year high of $28.35. The company has a current ratio of 1.09, a quick ratio of 0.45 and a debt-to-equity ratio of 2.11. The company's 50-day moving average price is $13.71 and its 200-day moving average price is $15.13. The firm has a market cap of $1.02 billion, a price-to-earnings ratio of -20.29, a PEG ratio of 0.43 and a beta of 0.41.

Owens & Minor (NYSE:OMI - Get Free Report) last issued its earnings results on Monday, November 4th. The company reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.01. Owens & Minor had a positive return on equity of 14.60% and a negative net margin of 0.46%. The firm had revenue of $2.72 billion for the quarter, compared to analyst estimates of $2.68 billion. During the same period in the previous year, the company posted $0.44 earnings per share. The business's revenue was up 5.0% on a year-over-year basis. As a group, equities research analysts anticipate that Owens & Minor will post 1.49 EPS 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.