Owens & Minor, Inc. (NYSE:OMI) Receives Average Recommendation of “Hold” from Brokerages
Owens & Minor, Inc. (NYSE:OMI – Get Free Report) has received a consensus rating of “Hold” from the five research firms that are covering the company, MarketBeat reports. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $21.60.
A number of equities research analysts have recently weighed in on OMI shares. StockNews.com initiated coverage on shares of Owens & Minor in a research report on Thursday, October 5th. They issued a “hold” rating for the company. JPMorgan Chase & Co. reduced their target price on Owens & Minor from $21.00 to $19.00 and set an “underweight” rating on the stock in a report on Friday, November 17th. UBS Group boosted their price target on Owens & Minor from $22.00 to $28.00 and gave the company a “buy” rating in a research note on Friday. Finally, TheStreet downgraded shares of Owens & Minor from a “c-” rating to a “d+” rating in a research note on Thursday, October 12th.
Check Out Our Latest Stock Report on Owens & Minor
Owens & Minor Stock Performance
OMI opened at $21.94 on Tuesday. The company has a debt-to-equity ratio of 2.38, a current ratio of 1.23 and a quick ratio of 0.60. The company has a market capitalization of $1.68 billion, a price-to-earnings ratio of -14.25, a P/E/G ratio of 5.47 and a beta of 0.50. The business’s 50-day moving average price is $17.34 and its two-hundred day moving average price is $18.01. Owens & Minor has a 1 year low of $11.79 and a 1 year high of $23.04.
Owens & Minor (NYSE:OMI – Get Free Report) last issued its quarterly earnings results on Friday, November 3rd. The company reported $0.44 EPS for the quarter, beating the consensus estimate of $0.38 by $0.06. Owens & Minor had a positive return on equity of 8.06% and a negative net margin of 1.14%. The firm had revenue of $2.59 billion during the quarter, compared to analysts’ expectations of $2.58 billion. During the same period in the prior year, the firm posted $0.41 earnings per share. The business’s quarterly revenue was up 3.8% compared to the same quarter last year. Equities analysts expect that Owens & Minor will post 1.35 EPS for the current fiscal year.
Insider Buying and Selling
In other news, CFO Alexander J. Bruni sold 12,668 shares of the business’s stock in a transaction that occurred on Friday, November 10th. The stock was sold at an average price of $17.57, for a total transaction of $222,576.76. Following the completion of the sale, the chief financial officer now owns 41,457 shares in the company, valued at $728,399.49. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, CFO Alexander J. Bruni sold 12,668 shares of Owens & Minor stock in a transaction dated Friday, November 10th. The shares were sold at an average price of $17.57, for a total transaction of $222,576.76. Following the completion of the transaction, the chief financial officer now directly owns 41,457 shares in the company, valued at $728,399.49. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Heath H. Galloway sold 5,500 shares of the stock in a transaction that occurred on Friday, November 10th. The stock was sold at an average price of $17.57, for a total value of $96,635.00. Following the completion of the sale, the executive vice president now directly owns 36,479 shares of the company’s stock, valued at $640,936.03. The disclosure for this sale can be found here. Insiders have sold a total of 42,470 shares of company stock valued at $774,224 over the last ninety days. 3.59% of the stock is owned by corporate insiders.
Institutional Trading of Owens & Minor
Several hedge funds have recently added to or reduced their stakes in the stock. Advisor Group Holdings Inc. boosted its holdings in shares of Owens & Minor by 10.1% in the first quarter. Advisor Group Holdings Inc. now owns 4,858 shares of the company’s stock worth $214,000 after acquiring an additional 444 shares during the period. American Century Companies Inc. grew its holdings in Owens & Minor by 31.9% during the 1st quarter. American Century Companies Inc. now owns 29,981 shares of the company’s stock valued at $1,320,000 after buying an additional 7,258 shares in the last quarter. US Bancorp DE increased its position in shares of Owens & Minor by 67.4% during the first quarter. US Bancorp DE now owns 1,145 shares of the company’s stock valued at $51,000 after buying an additional 461 shares during the period. Natixis Advisors L.P. lifted its holdings in shares of Owens & Minor by 21.9% in the first quarter. Natixis Advisors L.P. now owns 14,557 shares of the company’s stock worth $641,000 after buying an additional 2,612 shares in the last quarter. Finally, Bank of Montreal Can boosted its position in shares of Owens & Minor by 20.0% in the first quarter. Bank of Montreal Can now owns 28,979 shares of the company’s stock valued at $1,305,000 after acquiring an additional 4,823 shares during the period. Institutional investors own 98.04% of the company’s stock.
Owens & Minor Company Profile (Get Free Report
Owens & Minor, Inc, together with its subsidiaries, operates as a healthcare solutions company worldwide. It operates in two segments, Products & Healthcare Services and Patient Direct. The Products & Healthcare Services segment offers a portfolio of products and services to healthcare providers and manufacturers.
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