UBS Group Has Lowered Expectations for Owens & Minor (NYSE:OMI) Stock Price

Owens & Minor (NYSE:OMI) had its target price trimmed by UBS Group from $28.00 to $25.00 in a report issued on Tuesday morning,Benzinga reports. The brokerage currently has a buy rating on the stock.

OMI has been the topic of a number of other reports. Citigroup lowered their price target on shares of Owens & Minor from $21.00 to $18.50 and set a “buy” rating on the stock in a report on Tuesday. Barclays decreased 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 report on Tuesday. JPMorgan Chase & Co. decreased their price objective on shares of Owens & Minor from $22.00 to $18.00 and set an “underweight” rating on the stock in a report on Wednesday, August 21st. StockNews.com downgraded shares of Owens & Minor from a “buy” rating to a “hold” rating in a report on Monday, August 26th. Finally, Robert W. Baird decreased their price objective on shares of Owens & Minor from $19.00 to $14.00 and set a “neutral” rating on the stock in a report on Tuesday. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $18.50.

Owens & Minor Price Performance

Shares of OMI opened at $12.90 on Tuesday. The company has a 50 day moving average price of $14.30 and a 200-day moving average price of $15.98. Owens & Minor has a fifty-two week low of $11.42 and a fifty-two week high of $28.35. The stock has a market capitalization of $994.72 million, a PE ratio of -19.85, a PEG ratio of 0.47 and a beta of 0.41. The company has a debt-to-equity ratio of 2.11, a quick ratio of 0.51 and a current ratio of 1.09.

Owens & Minor (NYSE:OMI) last issued its quarterly earnings results on Monday, November 4th. The company reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.01. Owens & Minor had a negative net margin of 0.46% and a positive return on equity of 14.60%. The business had revenue of $2.72 billion for the quarter, compared to analyst estimates of $2.68 billion. During the same quarter in the prior year, the business posted $0.44 EPS. Owens & Minor’s revenue for the quarter was up 5.0% compared to the same quarter last year. Equities analysts predict that Owens & Minor will post 1.49 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in Owens & Minor by 1.9% during the 1st quarter. Vanguard Group Inc. now owns 8,749,866 shares of the company’s stock worth $242,459,000 after acquiring an additional 162,182 shares in the last quarter. Deerfield Management Company L.P. Series C boosted its holdings in shares of Owens & Minor by 30.6% in the 2nd quarter. Deerfield Management Company L.P. Series C now owns 6,371,440 shares of the company’s stock valued at $86,014,000 after buying an additional 1,493,852 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Owens & Minor by 1.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,534,204 shares of the company’s stock valued at $61,213,000 after buying an additional 76,599 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in shares of Owens & Minor by 16.5% in the 2nd quarter. Renaissance Technologies LLC now owns 1,246,600 shares of the company’s stock valued at $16,829,000 after buying an additional 176,250 shares in the last quarter. Finally, Dana Investment Advisors Inc. boosted its holdings in shares of Owens & Minor by 35.8% in the 2nd quarter. Dana Investment Advisors Inc. now owns 609,040 shares of the company’s stock valued at $8,222,000 after buying an additional 160,682 shares in the last quarter. Institutional investors and hedge funds own 98.04% of the company’s stock.

About Owens & Minor

Owens & Minor, Inc, together with its subsidiaries, operates as a healthcare solutions company worldwide. It operates through Products & Healthcare Services and Patient Direct segments. The Products & Healthcare Services segment offers a portfolio of products and services to healthcare providers and manufacturers.