Robert W. Baird Issues Pessimistic Forecast for Owens & Minor (NYSE:OMI) Stock Price

Owens & Minor (NYSE:OMI) had its target price decreased by Robert W. Baird from $14.00 to $10.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. Robert W. Baird’s price objective indicates a potential upside of 46.31% from the stock’s previous close.

A number of other brokerages have also recently issued reports on OMI. Barclays reduced their price objective on shares of Owens & Minor from $18.00 to $14.00 and set an “equal weight” rating on the stock in a research note on Tuesday, November 5th. UBS Group reduced their price objective on shares of Owens & Minor from $25.00 to $13.00 and set a “buy” rating on the stock in a research note on Thursday, February 13th. Finally, Citigroup reduced their price objective on shares of Owens & Minor from $21.00 to $18.50 and set a “buy” rating on the stock in a research note on Tuesday, November 5th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $14.92.

Owens & Minor Price Performance

Shares of OMI stock opened at $6.84 on Tuesday. Owens & Minor has a 52-week low of $6.07 and a 52-week high of $28.35. The stock has a market cap of $527.04 million, a PE ratio of -10.52, a PEG ratio of 0.20 and a beta of 0.48. The company has a debt-to-equity ratio of 2.11, a quick ratio of 0.45 and a current ratio of 1.09. The firm’s 50 day moving average price is $11.68 and its two-hundred day moving average price is $13.35.

Institutional Investors Weigh In On Owens & Minor

Several hedge funds have recently bought and sold shares of OMI. Sterling Capital Management LLC raised its holdings in Owens & Minor by 758.3% in the fourth quarter. Sterling Capital Management LLC now owns 2,060 shares of the company’s stock worth $27,000 after purchasing an additional 1,820 shares during the period. Blue Trust Inc. raised its holdings in Owens & Minor by 176.8% in the third quarter. Blue Trust Inc. now owns 2,787 shares of the company’s stock worth $44,000 after purchasing an additional 1,780 shares during the period. KBC Group NV raised its holdings in shares of Owens & Minor by 98.2% during the fourth quarter. KBC Group NV now owns 4,434 shares of the company’s stock worth $58,000 after acquiring an additional 2,197 shares during the period. Cetera Investment Advisers acquired a new stake in shares of Owens & Minor during the fourth quarter worth $140,000. Finally, Meeder Asset Management Inc. raised its holdings in shares of Owens & Minor by 844.1% during the third quarter. Meeder Asset Management Inc. now owns 9,016 shares of the company’s stock worth $141,000 after acquiring an additional 8,061 shares during the period. 98.04% of the stock is currently owned by institutional investors and hedge funds.

About Owens & Minor

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.