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.
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.
Read More: Trading Strategy Examples and Plans
Receive News & Ratings for Owens & Minor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Owens & Minor and related companies with MarketBeat.com's FREE daily email newsletter.