Brokerages Set Owens & Minor, Inc. (NYSE:OMI) PT at $24.39

Shares of Owens & Minor, Inc. (NYSE:OMI) have earned an average recommendation of “Hold” from the eleven ratings firms that are presently covering the firm, MarketBeat.com reports. Six equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price objective among brokers that have covered the stock in the last year is $24.39.

OMI has been the topic of a number of recent research reports. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell initiated coverage on Owens & Minor in a research report on Friday, December 11th. They issued a “neutral” rating and a $30.00 target price on the stock. Zacks Investment Research lowered Owens & Minor from a “buy” rating to a “hold” rating in a research report on Tuesday, January 19th. Barclays lifted their target price on Owens & Minor from $20.00 to $23.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 4th. UBS Group raised Owens & Minor from a “neutral” rating to a “buy” rating and lifted their target price for the company from $27.00 to $37.00 in a research report on Thursday, December 17th. Finally, Smith Barney Citigroup began coverage on Owens & Minor in a research report on Friday, December 11th. They issued a “neutral” rating and a $30.00 target price on the stock.

Owens & Minor stock traded up $0.16 during midday trading on Tuesday, reaching $25.49. The stock had a trading volume of 90,251 shares, compared to its average volume of 1,126,021. The firm’s fifty day simple moving average is $28.37 and its 200-day simple moving average is $23.88. Owens & Minor has a 1-year low of $3.63 and a 1-year high of $31.90. The stock has a market capitalization of $1.87 billion, a P/E ratio of -24.75, a price-to-earnings-growth ratio of 0.24 and a beta of 0.26. The company has a debt-to-equity ratio of 2.44, a quick ratio of 0.70 and a current ratio of 1.47.

In other news, Director Robert J. Henkel purchased 1,000 shares of Owens & Minor stock in a transaction that occurred on Friday, January 15th. The stock was acquired at an average cost of $27.11 per share, for a total transaction of $27,110.00. Following the purchase, the director now directly owns 21,000 shares of the company’s stock, valued at approximately $569,310. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Shana Carol Neal sold 4,791 shares of the business’s stock in a transaction on Tuesday, February 16th. The shares were sold at an average price of $27.54, for a total value of $131,944.14. Following the completion of the sale, the insider now owns 161,028 shares of the company’s stock, valued at $4,434,711.12. The disclosure for this sale can be found here. Insiders own 2.15% of the company’s stock.

Several large investors have recently added to or reduced their stakes in the company. Oregon Public Employees Retirement Fund lifted its position in shares of Owens & Minor by 3.2% during the 3rd quarter. Oregon Public Employees Retirement Fund now owns 25,717 shares of the company’s stock valued at $646,000 after acquiring an additional 800 shares during the period. Graves Light Private Wealth Management Inc. bought a new stake in shares of Owens & Minor during the 4th quarter valued at $25,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Owens & Minor by 19.6% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,958 shares of the company’s stock valued at $269,000 after acquiring an additional 1,630 shares during the period. California State Teachers Retirement System lifted its position in shares of Owens & Minor by 1.5% during the 3rd quarter. California State Teachers Retirement System now owns 115,232 shares of the company’s stock valued at $2,893,000 after acquiring an additional 1,730 shares during the period. Finally, Swiss National Bank lifted its position in shares of Owens & Minor by 1.5% during the 3rd quarter. Swiss National Bank now owns 135,700 shares of the company’s stock valued at $3,407,000 after acquiring an additional 2,000 shares during the period. Hedge funds and other institutional investors own 72.98% of the company’s stock.

About Owens & Minor

Owens & Minor, Inc, together with its subsidiaries, operates as a healthcare solutions company in the United States and internationally. It operates through two segments, Global Solutions and Global Products. The Global Solutions segment offers a portfolio of products and services to healthcare providers and manufacturers.

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Analyst Recommendations for Owens & Minor (NYSE:OMI)

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