Owens & Minor, Inc. (NYSE:OMI) Receives $6.88 Average Target Price from Analysts

Shares of Owens & Minor, Inc. (NYSE:OMI) have received a consensus rating of “Hold” from the six brokerages that are presently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $6.88.

A number of analysts have commented on the company. Zacks Investment Research cut Owens & Minor from a “strong-buy” rating to a “hold” rating in a research report on Saturday, November 9th. ValuEngine downgraded Owens & Minor from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, December 3rd. Finally, Bank of America increased their price objective on Owens & Minor from $4.00 to $7.50 and gave the company a “neutral” rating in a report on Friday, September 6th.

NYSE OMI opened at $7.54 on Thursday. Owens & Minor has a 12-month low of $2.43 and a 12-month high of $8.43. The company has a fifty day simple moving average of $6.81 and a two-hundred day simple moving average of $4.88. The company has a current ratio of 1.74, a quick ratio of 0.85 and a debt-to-equity ratio of 3.57. The stock has a market cap of $444.36 million, a P/E ratio of 16.44 and a beta of 1.43.

Owens & Minor (NYSE:OMI) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $0.20 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.01. Owens & Minor had a negative net margin of 2.88% and a positive return on equity of 4.89%. The firm had revenue of $2.40 billion for the quarter, compared to analyst estimates of $2.45 billion. During the same period in the previous year, the company earned $0.32 earnings per share. The business’s quarterly revenue was down 2.7% compared to the same quarter last year. As a group, sell-side analysts forecast that Owens & Minor will post 0.55 earnings per share for the current year.

The firm also recently declared a dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be given a dividend of $0.0025 per share. The ex-dividend date of this dividend is Friday, December 13th. Owens & Minor’s dividend payout ratio is presently 0.87%.

A number of hedge funds and other institutional investors have recently made changes to their positions in OMI. Metropolitan Life Insurance Co NY purchased a new stake in shares of Owens & Minor in the 3rd quarter valued at $129,000. Voloridge Investment Management LLC acquired a new stake in shares of Owens & Minor in the third quarter worth $330,000. Public Employees Retirement System of Ohio acquired a new stake in shares of Owens & Minor in the third quarter worth $424,000. Point72 Asset Management L.P. purchased a new position in shares of Owens & Minor during the third quarter worth $1,332,000. Finally, State Street Corp raised its holdings in shares of Owens & Minor by 2.9% during the third quarter. State Street Corp now owns 2,248,255 shares of the company’s stock worth $13,062,000 after purchasing an additional 64,087 shares during the last quarter. Institutional investors and hedge funds own 88.15% of the company’s stock.

Owens & Minor Company Profile

Owens & Minor, Inc, together with its subsidiaries, operates as a healthcare solutions company in the United States and internationally. It operates through two segments, Global Solutions and Global Products. The Global Solutions segment offers a portfolio of products and services to healthcare providers and manufacturers.

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