Robert W. Baird Issues Pessimistic Forecast for Owens & Minor (NYSE:OMI) Stock Price

Owens & Minor (NYSE:OMI - Free Report) had its price objective decreased by Robert W. Baird from $15.00 to $14.00 in a report issued on Tuesday morning,Benzinga reports. Robert W. Baird currently has a neutral rating on the stock.

A number of other equities research analysts also recently issued reports on the company. Citigroup decreased their price objective 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. Barclays decreased their price target on Owens & Minor from $18.00 to $14.00 and set an "equal weight" rating on the stock in a report on Tuesday, November 5th. Finally, UBS Group dropped their price objective on shares of Owens & Minor from $28.00 to $25.00 and set a "buy" rating for the company in a research note on Tuesday, November 5th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $18.50.

Owens & Minor Price Performance

Shares of NYSE:OMI traded up $0.00 during midday trading on Tuesday, reaching $8.65. 1,279,932 shares of the company were exchanged, compared to its average volume of 996,109. The stock has a market cap of $667.15 million, a PE ratio of -13.31, a price-to-earnings-growth ratio of 0.40 and a beta of 0.48. Owens & Minor has a one year low of $8.43 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 business's fifty day moving average is $13.41 and its two-hundred day moving average is $14.12.

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

Insider Transactions at Owens & Minor

In related news, CFO Jonathan A. Leon sold 5,282 shares of the firm's stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $11.82, for a total value of $62,433.24. Following the transaction, 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 accessible through the SEC website. Corporate insiders own 3.59% of the company's stock.

Hedge Funds Weigh In On Owens & Minor

A number of hedge funds have recently added to or reduced their stakes in OMI. Marshall Wace LLP lifted its holdings in shares of Owens & Minor by 38.4% in the 2nd quarter. Marshall Wace LLP now owns 11,100 shares of the company's stock worth $150,000 after buying an additional 3,077 shares during the period. AQR Capital Management LLC lifted its stake in Owens & Minor by 6.7% in the second quarter. AQR Capital Management LLC now owns 228,865 shares of the company's stock worth $3,090,000 after acquiring an additional 14,311 shares during the period. The Manufacturers Life Insurance Company grew its holdings in Owens & Minor by 4.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 36,366 shares of the company's stock worth $491,000 after acquiring an additional 1,709 shares in the last quarter. Quarry LP raised its holdings in shares of Owens & Minor by 290.1% in the 2nd quarter. Quarry LP now owns 2,099 shares of the company's stock valued at $28,000 after purchasing an additional 1,561 shares in the last quarter. Finally, SG Americas Securities LLC bought a new stake in shares of Owens & Minor in the 3rd quarter valued at about $494,000. 98.04% of the stock is currently owned by institutional investors.

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.