Brokerages Set Owens & Minor, Inc. (NYSE:OMI) PT at $6.35

Shares of Owens & Minor, Inc. (NYSE:OMI) have been assigned a consensus rating of “Reduce” from the seven analysts that are presently covering the firm, MarketBeat.com reports. Four equities research analysts have rated the stock with a sell recommendation and three have assigned a buy recommendation to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $6.35.

OMI has been the topic of a number of analyst reports. Weiss Ratings restated a “sell (e+)” rating on shares of Owens & Minor in a research note on Wednesday, October 8th. Zacks Research lowered shares of Owens & Minor from a “hold” rating to a “strong sell” rating in a research report on Monday, November 10th.

Owens & Minor Stock Up 5.7%

Shares of NYSE:OMI opened at $2.90 on Friday. Owens & Minor has a fifty-two week low of $2.38 and a fifty-two week high of $15.54. The firm’s 50-day simple moving average is $2.81 and its 200-day simple moving average is $4.44. The company has a market cap of $223.92 million, a price-to-earnings ratio of -0.17 and a beta of 1.37.

Owens & Minor (NYSE:OMI) last posted its quarterly earnings results on Thursday, October 30th. The company reported $0.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.02. Owens & Minor had a negative net margin of 19.99% and a positive return on equity of 95.57%. The firm had revenue of $697.26 million during the quarter, compared to analysts’ expectations of $704.06 million. During the same period in the prior year, the company posted $0.36 earnings per share. The firm’s revenue for the quarter was up 1.5% on a year-over-year basis. Owens & Minor has set its FY 2025 guidance at 1.020-1.070 EPS. On average, research analysts forecast that Owens & Minor will post 1.51 EPS for the current year.

Hedge Funds Weigh In On Owens & Minor

Several hedge funds have recently bought and sold shares of OMI. DekaBank Deutsche Girozentrale raised its holdings in Owens & Minor by 76.6% during the second quarter. DekaBank Deutsche Girozentrale now owns 3,126 shares of the company’s stock worth $28,000 after purchasing an additional 1,356 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Owens & Minor by 4.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 44,787 shares of the company’s stock worth $404,000 after buying an additional 1,857 shares in the last quarter. Public Employees Retirement System of Ohio grew its stake in Owens & Minor by 25.0% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 9,660 shares of the company’s stock valued at $88,000 after acquiring an additional 1,932 shares during the last quarter. SummerHaven Investment Management LLC increased its holdings in Owens & Minor by 3.6% during the 2nd quarter. SummerHaven Investment Management LLC now owns 61,555 shares of the company’s stock valued at $560,000 after acquiring an additional 2,125 shares in the last quarter. Finally, Inspire Advisors LLC raised its position in Owens & Minor by 11.1% during the third quarter. Inspire Advisors LLC now owns 22,032 shares of the company’s stock worth $106,000 after acquiring an additional 2,199 shares during the last quarter. 98.04% of the stock is owned by hedge funds and other institutional investors.

About Owens & Minor

Owens & Minor, Inc is a global healthcare solutions company specializing in the distribution of medical and surgical supplies, as well as supply chain management services. The company partners with healthcare providers, manufacturers and group purchasing organizations to deliver critical products and customized logistics solutions across the continuum of care. Its offerings range from standard medical-surgical products to specialized clinical devices, all supported by technology-driven inventory management and consulting services aimed at optimizing operational efficiency for hospitals, ambulatory surgery centers and other care facilities.

Founded in 1882 and headquartered in Mechanicsville, Virginia, Owens & Minor has evolved from a regional pharmaceutical distributor into a leader in healthcare logistics.