Owens & Minor (NYSE:OMI) PT Lowered to $19.00

Owens & Minor (NYSE:OMI) had its price target dropped by investment analysts at Robert W. Baird from $20.00 to $19.00 in a research note issued on Tuesday, Benzinga reports. The firm currently has a “neutral” rating on the stock. Robert W. Baird’s price objective suggests a potential upside of 28.29% from the company’s current price.

Several other research analysts also recently commented on OMI. StockNews.com downgraded Owens & Minor from a “buy” rating to a “hold” rating in a research note on Thursday, May 23rd. Bank of America cut 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. Finally, Citigroup raised their target price on Owens & Minor from $24.00 to $28.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 30th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $21.75.

Owens & Minor Stock Up 2.6 %

OMI stock opened at $14.81 on Tuesday. The company has a debt-to-equity ratio of 2.17, a quick ratio of 0.56 and a current ratio of 1.16. The company has a market capitalization of $1.13 billion, a price-to-earnings ratio of -29.04, a PEG ratio of 0.45 and a beta of 0.25. Owens & Minor has a fifty-two week low of $12.36 and a fifty-two week high of $28.35. The stock has a fifty day moving average of $16.26 and a 200-day moving average of $20.57.

Owens & Minor (NYSE:OMI) last posted its quarterly earnings results on Friday, May 3rd. The company reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.02. The company had revenue of $2.61 billion during the quarter, compared to the consensus estimate 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 quarterly revenue was up 3.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.05 EPS. As a group, equities research analysts predict that Owens & Minor will post 1.53 earnings per share for the current year.

Insider Buying and Selling at Owens & Minor

In other Owens & Minor news, EVP Snehashish Sarkar sold 9,980 shares of the firm’s stock in a transaction dated Tuesday, June 4th. The stock was sold at an average price of $17.32, for a total value of $172,853.60. Following the sale, the executive vice president now owns 59,137 shares of the company’s stock, valued at approximately $1,024,252.84. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Owens & Minor news, EVP Snehashish Sarkar sold 9,980 shares of the firm’s stock in a transaction dated Tuesday, June 4th. The stock was sold at an average price of $17.32, for a total value of $172,853.60. Following the sale, the executive vice president now owns 59,137 shares of the company’s stock, valued at approximately $1,024,252.84. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Heath H. Galloway sold 2,031 shares of the firm’s stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $20.18, for a total value of $40,985.58. Following the transaction, the executive vice president now directly owns 56,898 shares in the company, valued at $1,148,201.64. The disclosure for this sale can be found here. Insiders have sold a total of 36,923 shares of company stock valued at $686,911 in the last 90 days. Corporate insiders own 3.59% of the company’s stock.

Hedge Funds Weigh In On Owens & Minor

A number of large investors have recently modified their holdings of the company. GAMMA Investing LLC raised its holdings in shares of Owens & Minor by 52.1% during the 1st quarter. GAMMA Investing LLC now owns 1,644 shares of the company’s stock valued at $46,000 after buying an additional 563 shares in the last quarter. Quarry LP raised its holdings in shares of Owens & Minor by 38.8% during the 4th quarter. Quarry LP now owns 2,573 shares of the company’s stock valued at $50,000 after buying an additional 719 shares in the last quarter. Riverview Trust Co purchased a new position in shares of Owens & Minor during the 1st quarter valued at about $25,000. ProShare Advisors LLC raised its holdings in shares of Owens & Minor by 7.4% during the 1st quarter. ProShare Advisors LLC now owns 15,021 shares of the company’s stock valued at $416,000 after buying an additional 1,029 shares in the last quarter. Finally, Texas Permanent School Fund Corp raised its holdings in shares of Owens & Minor by 1.8% during the 1st quarter. Texas Permanent School Fund Corp now owns 66,953 shares of the company’s stock valued at $1,855,000 after buying an additional 1,156 shares in the last quarter. 98.04% of the stock is owned by hedge funds and other institutional investors.

Owens & Minor Company Profile

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.