Brokerages Set Owens & Minor, Inc. (NYSE:OMI) Price Target at $7.63

Shares of Owens & Minor, Inc. (NYSE:OMI) have been given an average rating of “Hold” by the nine research firms that are currently covering the stock, Marketbeat Ratings reports. Three research analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation, three have given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $7.6250.

A number of research firms have recently commented on OMI. Robert W. Baird cut their price target on shares of Owens & Minor from $10.00 to $7.00 and set an “outperform” rating on the stock in a report on Tuesday, August 12th. UBS Group set a $7.00 price target on shares of Owens & Minor in a report on Wednesday, August 13th. Baird R W upgraded shares of Owens & Minor from a “hold” rating to a “strong-buy” rating in a report on Friday, August 8th. Zacks Research upgraded shares of Owens & Minor from a “strong sell” rating to a “hold” rating in a report on Friday, October 10th. Finally, JPMorgan Chase & Co. cut their price target on shares of Owens & Minor from $7.00 to $6.00 and set an “underweight” rating on the stock in a report on Wednesday, August 27th.

Insider Transactions at Owens & Minor

In other Owens & Minor news, major shareholder Coliseum Capital Management, L bought 720,000 shares of the company’s stock in a transaction on Tuesday, August 12th. The shares were bought at an average cost of $5.15 per share, for a total transaction of $3,708,000.00. Following the acquisition, the insider directly owned 12,282,955 shares in the company, valued at approximately $63,257,218.25. The trade was a 6.23% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In the last quarter, insiders have bought 1,537,852 shares of company stock worth $8,099,544. 3.69% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. DekaBank Deutsche Girozentrale grew its stake in Owens & Minor by 76.6% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 3,126 shares of the company’s stock valued at $28,000 after acquiring an additional 1,356 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Owens & Minor by 4.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 44,787 shares of the company’s stock worth $404,000 after purchasing an additional 1,857 shares during the last quarter. Public Employees Retirement System of Ohio boosted its stake in Owens & Minor by 25.0% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 9,660 shares of the company’s stock worth $88,000 after purchasing an additional 1,932 shares during the last quarter. SummerHaven Investment Management LLC boosted its stake in Owens & Minor by 3.6% during the 2nd quarter. SummerHaven Investment Management LLC now owns 61,555 shares of the company’s stock worth $560,000 after purchasing an additional 2,125 shares during the last quarter. Finally, Bank of Montreal Can raised its holdings in shares of Owens & Minor by 20.3% during the 2nd quarter. Bank of Montreal Can now owns 13,215 shares of the company’s stock worth $120,000 after acquiring an additional 2,229 shares during the period. 98.04% of the stock is currently owned by institutional investors.

Owens & Minor Trading Up 4.8%

Shares of OMI opened at $4.81 on Friday. Owens & Minor has a twelve month low of $4.34 and a twelve month high of $15.54. The company has a market cap of $371.68 million, a P/E ratio of -0.31 and a beta of 1.26. The company has a current ratio of 0.86, a quick ratio of 0.83 and a debt-to-equity ratio of 3.32. The company’s fifty day simple moving average is $5.08 and its 200-day simple moving average is $6.63.

Owens & Minor (NYSE:OMI) last announced its earnings results on Monday, August 11th. The company reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.27 by ($0.01). Owens & Minor had a negative net margin of 13.78% and a positive return on equity of 26.59%. The firm had revenue of $681.90 million during the quarter, compared to analysts’ expectations of $2.73 billion. During the same period in the prior year, the company posted $0.36 EPS. The company’s revenue was up 3.3% compared to the same quarter last year. Owens & Minor has set its FY 2025 guidance at 1.020-1.070 EPS. As a group, analysts expect that Owens & Minor will post 1.51 EPS for the current year.

Owens & Minor Company Profile

Owens & Minor, Inc is a healthcare solutions company, which engages in the product manufacturing and delivery, home health supply, and perioperative services to support care through the hospital and into the home. It operates through the Products and Healthcare Services, and Patient Direct segments.