Owens & Minor (NYSE:OMI) Trading 4.6% Higher – Still a Buy?

Owens & Minor, Inc. (NYSE:OMI)’s share price traded up 4.6% during trading on Monday . The stock traded as high as $6.59 and last traded at $6.51. 400,874 shares traded hands during trading, a decline of 66% from the average session volume of 1,188,544 shares. The stock had previously closed at $6.22.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. UBS Group cut their price target on Owens & Minor from $25.00 to $13.00 and set a “buy” rating on the stock in a research note on Thursday, February 13th. Barclays dropped their target price 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, November 5th. Robert W. Baird dropped their price target on Owens & Minor from $15.00 to $14.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 4th. Finally, Citigroup decreased their price objective on shares of Owens & Minor from $21.00 to $18.50 and set a “buy” rating on the stock in a report on Tuesday, November 5th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $16.79.

Owens & Minor Stock Up 5.5 %

The firm’s 50-day moving average price is $12.06 and its 200 day moving average price is $13.51. The company has a market capitalization of $506.23 million, a price-to-earnings ratio of -10.11, a PEG ratio of 0.20 and a beta of 0.48. The company has a current ratio of 1.09, a quick ratio of 0.45 and a debt-to-equity ratio of 2.11.

Institutional Trading of Owens & Minor

Several large investors have recently bought and sold shares of the business. Sterling Capital Management LLC grew its holdings in shares of Owens & Minor by 758.3% during the 4th quarter. Sterling Capital Management LLC now owns 2,060 shares of the company’s stock valued at $27,000 after purchasing an additional 1,820 shares during the last quarter. Blue Trust Inc. lifted its stake in shares of Owens & Minor by 176.8% in the 3rd quarter. Blue Trust Inc. now owns 2,787 shares of the company’s stock valued at $44,000 after acquiring an additional 1,780 shares during the last quarter. KBC Group NV grew its position in Owens & Minor by 98.2% during the 4th 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 last quarter. Cetera Investment Advisers bought a new position in Owens & Minor in the fourth quarter valued at about $140,000. Finally, Meeder Asset Management Inc. boosted its stake 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 valued at $141,000 after purchasing an additional 8,061 shares in the last quarter. 98.04% of the stock is owned by institutional investors and hedge funds.

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.