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

Owens & Minor, Inc. (NYSE:OMI) has been assigned an average recommendation of “Hold” from the eight brokerages that are presently covering the company, MarketBeat Ratings reports. Four analysts have rated the stock with a sell rating, three have given a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $6.35.

A number of equities analysts have weighed in on OMI shares. Weiss Ratings restated a “sell (e+)” rating on shares of Owens & Minor in a research note on Wednesday, October 8th. JPMorgan Chase & Co. cut their price objective on Owens & Minor from $7.00 to $6.00 and set an “underweight” rating for the company in a report on Wednesday, August 27th. Finally, Zacks Research downgraded shares of Owens & Minor from a “hold” rating to a “strong sell” rating in a research note on Monday, November 10th.

Institutional Trading of Owens & Minor

A number of hedge funds have recently made changes to their positions in the stock. Farther Finance Advisors LLC boosted its holdings in Owens & Minor by 3,154.9% during the 3rd quarter. Farther Finance Advisors LLC now owns 5,273 shares of the company’s stock valued at $25,000 after acquiring an additional 5,111 shares during the period. DekaBank Deutsche Girozentrale lifted its position in Owens & Minor by 76.6% in the second quarter. DekaBank Deutsche Girozentrale now owns 3,126 shares of the company’s stock valued at $28,000 after purchasing an additional 1,356 shares during the last quarter. Quarry LP purchased a new stake in shares of Owens & Minor during the first quarter valued at approximately $34,000. Mercer Global Advisors Inc. ADV purchased a new stake in shares of Owens & Minor during the third quarter valued at approximately $50,000. Finally, Caitong International Asset Management Co. Ltd grew its holdings in shares of Owens & Minor by 734.7% in the third quarter. Caitong International Asset Management Co. Ltd now owns 11,135 shares of the company’s stock worth $53,000 after purchasing an additional 9,801 shares during the last quarter. 98.04% of the stock is owned by institutional investors.

Owens & Minor Stock Performance

NYSE OMI opened at $3.01 on Friday. The company’s 50 day simple moving average is $3.65 and its two-hundred day simple moving average is $5.60. The company has a debt-to-equity ratio of 3.32, a current ratio of 0.86 and a quick ratio of 0.84. Owens & Minor has a 1 year low of $2.38 and a 1 year high of $15.54. The stock has a market capitalization of $232.97 million, a PE ratio of -0.17 and a beta of 1.37.

Owens & Minor (NYSE:OMI) last released its quarterly earnings results on Thursday, October 30th. The company reported $0.25 EPS for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $704.06 million. During the same period in the previous year, the business earned $0.36 EPS. The business’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. Analysts predict that Owens & Minor will post 1.51 earnings per share for the current fiscal 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.