ValuEngine Downgrades Owens & Minor (NYSE:OMI) to Strong Sell

Owens & Minor (NYSE:OMI) was downgraded by analysts at ValuEngine from a “sell” rating to a “strong sell” rating in a report released on Thursday, ValuEngine reports.

OMI has been the subject of a number of other reports. Bank of America reissued a “neutral” rating and issued a $4.50 price target (down from $7.00) on shares of Owens & Minor in a research note on Wednesday, April 10th. Zacks Investment Research raised shares of Owens & Minor from a “hold” rating to a “buy” rating and set a $3.25 price target for the company in a research note on Friday, July 19th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $6.13.

Shares of NYSE:OMI traded up $0.06 during midday trading on Thursday, hitting $2.88. 957,865 shares of the stock traded hands, compared to its average volume of 831,703. The stock has a market cap of $170.56 million, a PE ratio of 2.50, a PEG ratio of 1.29 and a beta of 1.74. The stock’s 50 day simple moving average is $2.95. The company has a debt-to-equity ratio of 3.67, a current ratio of 1.75 and a quick ratio of 0.89. Owens & Minor has a one year low of $2.43 and a one year high of $19.16.

Owens & Minor (NYSE:OMI) last released its quarterly earnings results on Tuesday, May 7th. The company reported $0.02 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.04 by ($0.02). Owens & Minor had a positive return on equity of 6.92% and a negative net margin of 4.63%. The company had revenue of $2.46 billion during the quarter, compared to the consensus estimate of $2.45 billion. During the same period in the previous year, the company earned $0.43 earnings per share. Owens & Minor’s quarterly revenue was up 3.7% on a year-over-year basis. Sell-side analysts expect that Owens & Minor will post 0.6 earnings per share for the current year.

Hedge funds have recently added to or reduced their stakes in the stock. FMR LLC raised its stake in Owens & Minor by 159,300.0% in the fourth quarter. FMR LLC now owns 4,782 shares of the company’s stock worth $30,000 after buying an additional 4,779 shares in the last quarter. Atlantic Union Bankshares Corp purchased a new stake in Owens & Minor in the second quarter worth about $36,000. First Trust Advisors LP purchased a new stake in Owens & Minor in the first quarter worth about $56,000. First Allied Advisory Services Inc. purchased a new stake in Owens & Minor in the fourth quarter worth about $71,000. Finally, Everence Capital Management Inc. purchased a new stake in Owens & Minor in the first quarter worth about $93,000. 89.75% of the stock is owned by institutional investors.

Owens & Minor Company Profile

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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To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Owens & Minor (NYSE:OMI)

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