Owens & Minor, Inc. (OMI) Rating Reiterated by Leerink Swann
Owens & Minor, Inc. (NYSE:OMI)‘s stock had its “market perform” rating reiterated by stock analysts at Leerink Swann in a research note issued to investors on Thursday. They presently have a $23.00 price objective on the stock, down from their prior price objective of $34.00. Leerink Swann’s price target indicates a potential upside of 17.71% from the stock’s previous close.
Other equities analysts have also issued research reports about the company. Jefferies Group LLC restated a “hold” rating and set a $32.00 price target (down previously from $36.00) on shares of Owens & Minor in a research note on Wednesday, August 9th. UBS Group AG (USA) restated a “sell” rating and set a $29.50 price target (down previously from $30.50) on shares of Owens & Minor in a research note on Thursday, August 3rd. BidaskClub lowered Owens & Minor from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 5th. Zacks Investment Research lowered Owens & Minor from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 4th. Finally, Robert W. Baird upgraded Owens & Minor from an “underperform” rating to a “neutral” rating and set a $28.00 price target on the stock in a research note on Friday, September 1st. Four investment analysts have rated the stock with a sell rating and three have given a hold rating to the stock. Owens & Minor has a consensus rating of “Sell” and a consensus target price of $29.75.
Owens & Minor (NYSE:OMI) traded up $0.87 during mid-day trading on Thursday, reaching $19.54. The company’s stock had a trading volume of 2,330,000 shares, compared to its average volume of 1,150,000. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.96 and a current ratio of 1.77. Owens & Minor has a twelve month low of $18.64 and a twelve month high of $37.02. The stock has a market capitalization of $1,200.00, a price-to-earnings ratio of 10.61, a price-to-earnings-growth ratio of 2.12 and a beta of 0.97.
Owens & Minor (NYSE:OMI) last announced its quarterly earnings results on Wednesday, November 1st. The company reported $0.40 EPS for the quarter, missing the consensus estimate of $0.50 by ($0.10). The firm had revenue of $2.33 billion for the quarter, compared to analysts’ expectations of $2.40 billion. Owens & Minor had a net margin of 0.83% and a return on equity of 10.85%. The business’s quarterly revenue was down 3.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.51 EPS. equities research analysts forecast that Owens & Minor will post 1.76 earnings per share for the current fiscal year.
Hedge funds have recently modified their holdings of the stock. Flinton Capital Management LLC boosted its position in Owens & Minor by 62.7% during the second quarter. Flinton Capital Management LLC now owns 3,904 shares of the company’s stock valued at $126,000 after purchasing an additional 1,504 shares in the last quarter. Creative Planning boosted its position in Owens & Minor by 2.9% during the second quarter. Creative Planning now owns 4,021 shares of the company’s stock valued at $129,000 after purchasing an additional 113 shares in the last quarter. LS Investment Advisors LLC boosted its position in Owens & Minor by 17.1% during the second quarter. LS Investment Advisors LLC now owns 4,987 shares of the company’s stock valued at $161,000 after purchasing an additional 727 shares in the last quarter. Legg Mason Asset Management Japan Co. Ltd. bought a new stake in Owens & Minor during the second quarter valued at about $171,000. Finally, North Star Investment Management Corp. boosted its position in Owens & Minor by 121.0% during the second quarter. North Star Investment Management Corp. now owns 5,667 shares of the company’s stock valued at $182,000 after purchasing an additional 3,103 shares in the last quarter. 97.27% of the stock is currently owned by institutional investors.
Owens & Minor Company Profile
Owens & Minor, Inc is a healthcare services company that connects the world of medical products to the point of care. The Company provides supply chain assistance to the providers of healthcare services and the manufacturers of healthcare products, supplies and devices. The Company’s segments include Domestic, International and Clinical & Procedural Solutions (CPS).
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