Robert W. Baird Lowers Owens & Minor (NYSE:OMI) Price Target to $10.00

Owens & Minor (NYSE:OMI) had its target price cut by Robert W. Baird from $14.00 to $10.00 in a research report sent to investors on Tuesday morning,Benzinga reports. They currently have a neutral rating on the stock.

A number of other research firms have also recently issued reports on OMI. UBS Group decreased their target price on Owens & Minor from $25.00 to $13.00 and set a “buy” rating for the company in a research note on Thursday, February 13th. Barclays decreased their target price 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 reduced their price objective on Owens & Minor from $21.00 to $18.50 and set a “buy” rating for the company in a research report on Tuesday, November 5th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $16.21.

Owens & Minor Stock Up 10.7 %

NYSE:OMI opened at $7.08 on Tuesday. Owens & Minor has a 1 year low of $6.07 and a 1 year 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 stock has a market cap of $545.55 million, a price-to-earnings ratio of -10.88, a PEG ratio of 0.20 and a beta of 0.48. The stock has a 50-day moving average price of $11.79 and a two-hundred day moving average price of $13.39.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Inspire Advisors LLC grew its holdings in shares of Owens & Minor by 11.2% during the fourth quarter. Inspire Advisors LLC now owns 15,350 shares of the company’s stock worth $201,000 after buying an additional 1,548 shares in the last quarter. Blue Trust Inc. grew its stake in Owens & Minor by 57.4% in the fourth quarter. Blue Trust Inc. now owns 4,387 shares of the company’s stock valued at $57,000 after purchasing an additional 1,600 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Owens & Minor by 4.0% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 42,930 shares of the company’s stock valued at $561,000 after purchasing an additional 1,662 shares in the last quarter. Sterling Capital Management LLC grew its stake in 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 purchasing an additional 1,820 shares in the last quarter. Finally, Legal & General Group Plc grew its stake in Owens & Minor by 0.9% in the fourth quarter. Legal & General Group Plc now owns 212,061 shares of the company’s stock valued at $2,772,000 after purchasing an additional 1,991 shares in the last quarter. 98.04% of the stock is currently owned by institutional investors.

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.