Owens & Minor (NYSE:OMI)‘s stock had its “underweight” rating restated by J P Morgan Chase & Co in a research note issued on Tuesday. They presently have a $22.00 price target on the stock. J P Morgan Chase & Co’s price target indicates a potential upside of 13.11% from the company’s previous close.
Several other brokerages have also weighed in on OMI. Zacks Investment Research lowered Owens & Minor from a “hold” rating to a “sell” rating in a report on Thursday, October 12th. Leerink Swann restated a “market perform” rating and set a $23.00 target price (down previously from $34.00) on shares of Owens & Minor in a research report on Thursday, November 2nd. Robert W. Baird upgraded Owens & Minor from an “underperform” rating to a “neutral” rating and set a $28.00 target price on the stock in a research report on Friday, September 1st. Finally, Credit Suisse Group restated an “underperform” rating and set a $17.00 target price (down previously from $31.00) on shares of Owens & Minor in a research report on Monday, November 20th. Four research analysts have rated the stock with a sell rating and four have given a hold rating to the company. Owens & Minor has a consensus rating of “Hold” and an average price target of $26.50.
Owens & Minor (NYSE OMI) opened at $19.45 on Tuesday. Owens & Minor has a twelve month low of $17.75 and a twelve month high of $37.02. The firm has a market capitalization of $1,188.24, a price-to-earnings ratio of 11.02, a price-to-earnings-growth ratio of 2.09 and a beta of 0.87. The company has a current ratio of 1.77, a quick ratio of 0.95 and a debt-to-equity ratio of 0.91.
Large investors have recently bought and sold shares of the business. Eqis Capital Management Inc. lifted its position in shares of Owens & Minor by 141.5% during the third quarter. Eqis Capital Management Inc. now owns 18,184 shares of the company’s stock worth $531,000 after acquiring an additional 10,653 shares in the last quarter. Old Mutual Global Investors UK Ltd. purchased a new stake in shares of Owens & Minor during the third quarter worth $899,000. Dean Capital Management lifted its position in shares of Owens & Minor by 100.8% during the second quarter. Dean Capital Management now owns 132,465 shares of the company’s stock worth $4,264,000 after acquiring an additional 66,485 shares in the last quarter. Cipher Capital LP lifted its position in shares of Owens & Minor by 27.5% during the second quarter. Cipher Capital LP now owns 164,224 shares of the company’s stock worth $5,287,000 after acquiring an additional 35,378 shares in the last quarter. Finally, Caxton Associates LP purchased a new stake in shares of Owens & Minor during the second quarter worth $596,000. Hedge funds and other institutional investors own 97.68% of the company’s stock.
About Owens & Minor
Owens & Minor, Inc is a healthcare services company that connects the world of medical products to the point of care. The Company provides supply chain assistance to the providers of healthcare services and the manufacturers of healthcare products, supplies and devices. The Company’s segments include Domestic, International and Clinical & Procedural Solutions (CPS).
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