Owens & Minor (NYSE:OMI) Given New $10.00 Price Target at Robert W. Baird

Owens & Minor (NYSE:OMI) had its target price lowered by analysts at Robert W. Baird from $14.00 to $10.00 in a research report issued on Tuesday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. Robert W. Baird’s price objective points to a potential upside of 56.57% from the company’s current price.

Other equities analysts have also recently issued reports about the company. UBS Group reduced their price objective on Owens & Minor from $25.00 to $13.00 and set a “buy” rating for the company in a report on Thursday, February 13th. Barclays cut their price target on Owens & Minor from $18.00 to $14.00 and set an “equal weight” rating for the company in a research note on Tuesday, November 5th. Finally, Citigroup lowered 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, five have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $16.21.

Owens & Minor Trading Up 2.7 %

Shares of OMI opened at $6.39 on Tuesday. Owens & Minor has a twelve month low of $6.07 and a twelve month high of $28.35. The company has a current ratio of 1.09, a quick ratio of 0.45 and a debt-to-equity ratio of 2.11. The firm has a market capitalization of $492.50 million, a P/E ratio of -9.83, a PEG ratio of 0.20 and a beta of 0.48. The firm’s 50-day moving average is $11.92 and its two-hundred day moving average is $13.45.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in OMI. Sterling Capital Management LLC raised its position in shares of Owens & Minor by 758.3% in the fourth quarter. Sterling Capital Management LLC now owns 2,060 shares of the company’s stock valued at $27,000 after buying an additional 1,820 shares during the last quarter. Blue Trust Inc. grew its stake in Owens & Minor by 176.8% in the 3rd quarter. Blue Trust Inc. now owns 2,787 shares of the company’s stock worth $44,000 after acquiring an additional 1,780 shares during the period. KBC Group NV raised its holdings in Owens & Minor by 98.2% in the 4th quarter. KBC Group NV now owns 4,434 shares of the company’s stock valued at $58,000 after acquiring an additional 2,197 shares during the last quarter. Cetera Investment Advisers acquired a new position in Owens & Minor in the 4th quarter valued at $140,000. Finally, Meeder Asset Management Inc. lifted its stake in shares of Owens & Minor by 844.1% during the 3rd quarter. Meeder Asset Management Inc. now owns 9,016 shares of the company’s stock worth $141,000 after purchasing an additional 8,061 shares during the period. Institutional investors and hedge funds own 98.04% of the company’s stock.

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.