Owens & Minor, Inc. (NYSE:OMI) Receives Consensus Rating of "Hold" from Analysts

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

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

Owens & Minor Stock Down 0.8 %

NYSE:OMI traded down $0.10 during trading hours on Friday, hitting $12.52. 2,813,476 shares of the company's stock traded hands, compared to its average volume of 810,074. Owens & Minor has a twelve month low of $11.42 and a twelve month high of $28.35. The firm has a market cap of $965.40 million, a P/E ratio of -19.26, a P/E/G ratio of 0.48 and a beta of 0.42. The company has a debt-to-equity ratio of 2.11, a quick ratio of 0.45 and a current ratio of 1.09. The stock's fifty day moving average price is $13.26 and its two-hundred day moving average price is $14.59.

Owens & Minor (NYSE:OMI - Get Free Report) last posted its quarterly earnings results on Monday, November 4th. The company reported $0.42 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.41 by $0.01. The business had revenue of $2.72 billion during the quarter, compared to analyst estimates of $2.68 billion. Owens & Minor had a negative net margin of 0.46% and a positive return on equity of 14.60%. The firm's revenue was up 5.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.44 earnings per share. On average, research analysts expect that Owens & Minor will post 1.49 earnings per share for the current fiscal year.

Insider Activity at Owens & Minor

In other Owens & Minor news, CFO Jonathan A. Leon sold 5,282 shares of the firm's stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $11.82, for a total value of $62,433.24. Following the sale, the chief financial officer now owns 130,822 shares of the company's stock, valued at $1,546,316.04. This trade represents a 3.88 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 3.59% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Owens & Minor

Several hedge funds have recently modified their holdings of OMI. FMR LLC lifted its stake in shares of Owens & Minor by 0.8% in the third quarter. FMR LLC now owns 11,564,624 shares of the company's stock valued at $181,449,000 after buying an additional 90,862 shares during the period. Deerfield Management Company L.P. Series C raised its holdings in Owens & Minor by 30.6% in the 2nd quarter. Deerfield Management Company L.P. Series C now owns 6,371,440 shares of the company's stock valued at $86,014,000 after acquiring an additional 1,493,852 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Owens & Minor by 1.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,534,204 shares of the company's stock worth $61,213,000 after acquiring an additional 76,599 shares during the period. State Street Corp grew its holdings in shares of Owens & Minor by 2.6% during the 3rd quarter. State Street Corp now owns 3,064,547 shares of the company's stock worth $48,083,000 after purchasing an additional 78,985 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Owens & Minor by 10.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,028,236 shares of the company's stock worth $31,823,000 after purchasing an additional 187,079 shares in the last quarter. 98.04% of the stock is owned by institutional investors.

Owens & Minor Company Profile

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.