Analysts Set Owens & Minor, Inc. (NYSE:OMI) PT at $21.88

Shares of Owens & Minor, Inc. (NYSE:OMI) have been given an average rating of “Reduce” by the nine research firms that are covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and one has issued a buy recommendation on the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $21.88.

A number of analysts have recently commented on OMI shares. StockNews.com cut Owens & Minor from a “buy” rating to a “hold” rating in a research note on Thursday, May 23rd. Robert W. Baird reduced their price target on shares of Owens & Minor from $24.00 to $20.00 and set a “neutral” rating on the stock in a research report on Tuesday, June 25th. Citigroup raised their price objective on Owens & Minor from $24.00 to $28.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 30th. Finally, Bank of America decreased their target price on Owens & Minor from $18.00 to $16.00 and set an “underperform” rating for the company in a research note on Tuesday, June 25th.

Owens & Minor Stock Down 1.1 %

Shares of NYSE:OMI opened at $13.10 on Friday. Owens & Minor has a one year low of $12.86 and a one year high of $28.35. The stock has a market cap of $1.00 billion, a price-to-earnings ratio of -25.69, a P/E/G ratio of 0.43 and a beta of 0.25. The company has a debt-to-equity ratio of 2.17, a current ratio of 1.16 and a quick ratio of 0.56. The company has a 50 day moving average of $18.01 and a 200-day moving average of $21.03.

Owens & Minor (NYSE:OMI) last posted its quarterly earnings results on Friday, May 3rd. The company reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.02. The business had revenue of $2.61 billion for the quarter, compared to analyst estimates of $2.61 billion. Owens & Minor had a positive return on equity of 12.97% and a negative net margin of 0.37%. The firm’s revenue was up 3.6% on a year-over-year basis. During the same period last year, the company earned $0.05 EPS. On average, sell-side analysts forecast that Owens & Minor will post 1.53 earnings per share for the current year.

Insider Buying and Selling at Owens & Minor

In other news, EVP Snehashish Sarkar sold 9,980 shares of the company’s stock in a transaction dated Tuesday, June 4th. The stock was sold at an average price of $17.32, for a total transaction of $172,853.60. Following the completion of the transaction, the executive vice president now directly owns 59,137 shares of the company’s stock, valued at $1,024,252.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CFO Alexander J. Bruni sold 10,568 shares of the stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $17.76, for a total transaction of $187,687.68. Following the completion of the transaction, the chief financial officer now directly owns 49,950 shares in the company, valued at approximately $887,112. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Snehashish Sarkar sold 9,980 shares of the firm’s stock in a transaction dated Tuesday, June 4th. The shares were sold at an average price of $17.32, for a total value of $172,853.60. Following the completion of the transaction, the executive vice president now owns 59,137 shares of the company’s stock, valued at approximately $1,024,252.84. The disclosure for this sale can be found here. Insiders have sold 36,923 shares of company stock valued at $686,911 in the last 90 days. 2.62% of the stock is currently owned by company insiders.

Institutional Trading of Owens & Minor

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Norges Bank bought a new position in Owens & Minor in the fourth quarter valued at approximately $9,160,000. Dimensional Fund Advisors LP boosted its holdings in shares of Owens & Minor by 8.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 4,210,991 shares of the company’s stock valued at $81,148,000 after buying an additional 327,002 shares during the last quarter. AQR Capital Management LLC grew its stake in shares of Owens & Minor by 61.1% in the third quarter. AQR Capital Management LLC now owns 446,911 shares of the company’s stock valued at $7,222,000 after buying an additional 169,488 shares in the last quarter. Lord Abbett & CO. LLC acquired a new position in Owens & Minor during the first quarter worth $4,683,000. Finally, Vanguard Group Inc. raised its position in Owens & Minor by 1.9% during the first quarter. Vanguard Group Inc. now owns 8,749,866 shares of the company’s stock worth $242,459,000 after acquiring an additional 162,182 shares in the last quarter. Institutional investors own 98.04% of the company’s stock.

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.