ValuEngine downgraded shares of Owens & Minor (NYSE:OMI) from a buy rating to a hold rating in a research note released on Thursday morning, ValuEngine reports.

OMI has been the topic of a number of other research reports. Zacks Investment Research downgraded Owens & Minor from a buy rating to a hold rating in a research report on Saturday, August 10th. Bank of America raised their price objective on Owens & Minor from $4.00 to $7.50 and gave the company a neutral rating in a research report on Friday, September 6th. One equities research analyst has rated the stock with a sell rating and six have assigned a hold rating to the stock. The company has an average rating of Hold and an average price target of $6.63.

Shares of OMI traded up $0.10 during midday trading on Thursday, reaching $5.65. 12,999 shares of the stock were exchanged, compared to its average volume of 1,879,849. Owens & Minor has a 52 week low of $2.43 and a 52 week high of $17.37. The company has a current ratio of 1.68, a quick ratio of 0.84 and a debt-to-equity ratio of 3.60. The company’s 50 day moving average is $5.09 and its two-hundred day moving average is $3.94. The company has a market capitalization of $367.05 million, a P/E ratio of 4.91, a PEG ratio of 2.60 and a beta of 1.40.

Owens & Minor (NYSE:OMI) last posted its quarterly earnings results on Wednesday, August 7th. The company reported $0.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.07 by $0.03. Owens & Minor had a positive return on equity of 5.53% and a negative net margin of 2.88%. The business had revenue of $2.48 billion for the quarter, compared to the consensus estimate of $2.44 billion. During the same quarter in the prior year, the company earned $0.32 EPS. The business’s revenue was up 1.1% compared to the same quarter last year. On average, sell-side analysts expect that Owens & Minor will post 0.64 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 16th will be given a dividend of $0.002 per share. This represents a $0.01 dividend on an annualized basis and a yield of 0.14%. The ex-dividend date of this dividend is Friday, September 13th. Owens & Minor’s payout ratio is currently 0.87%.

A number of hedge funds have recently modified their holdings of the stock. Dimensional Fund Advisors LP raised its stake in Owens & Minor by 0.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,997,973 shares of the company’s stock valued at $31,637,000 after buying an additional 19,174 shares during the last quarter. BNP Paribas Arbitrage SA raised its stake in Owens & Minor by 61.3% in the first quarter. BNP Paribas Arbitrage SA now owns 24,564 shares of the company’s stock valued at $101,000 after buying an additional 9,333 shares during the last quarter. Everence Capital Management Inc. purchased a new stake in Owens & Minor in the first quarter valued at about $93,000. Acadian Asset Management LLC raised its stake in Owens & Minor by 199.5% in the first quarter. Acadian Asset Management LLC now owns 228,012 shares of the company’s stock valued at $935,000 after buying an additional 151,886 shares during the last quarter. Finally, Royce & Associates LP raised its stake in Owens & Minor by 16.3% in the first quarter. Royce & Associates LP now owns 1,355,786 shares of the company’s stock valued at $5,559,000 after buying an additional 190,000 shares during the last quarter. 85.80% of the stock is currently 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.

See Also: What is a put option?

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

Analyst Recommendations for Owens & Minor (NYSE:OMI)

Receive News & Ratings for Owens & Minor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Owens & Minor and related companies with MarketBeat.com's FREE daily email newsletter.