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

Owens & Minor (NYSE:OMI) had its price target reduced by research analysts at Robert W. Baird from $14.00 to $10.00 in a report released 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 stock’s previous close.

Other equities analysts have also issued reports about the stock. Barclays lowered 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 research report on Tuesday, November 5th. 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 report on Tuesday, November 5th. Finally, UBS Group dropped their price objective on shares of Owens & Minor from $25.00 to $13.00 and set a “buy” rating on the stock in a research note on Thursday, February 13th. 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. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $16.21.

Owens & Minor Stock Up 2.7 %

Shares of NYSE OMI opened at $6.39 on Tuesday. The business has a 50-day moving average price of $11.92 and a 200 day moving average price of $13.45. The stock has a market cap of $492.50 million, a PE ratio of -9.83, a price-to-earnings-growth ratio of 0.20 and a beta of 0.48. The company has a quick ratio of 0.45, a current ratio of 1.09 and a debt-to-equity ratio of 2.11. Owens & Minor has a 52-week low of $6.07 and a 52-week high of $28.35.

Hedge Funds Weigh In On Owens & Minor

A number of large investors have recently bought and sold shares of the company. Sterling Capital Management LLC increased its stake in shares of Owens & Minor by 758.3% during the fourth quarter. Sterling Capital Management LLC now owns 2,060 shares of the company’s stock worth $27,000 after acquiring an additional 1,820 shares during the period. Blue Trust Inc. boosted its holdings in 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 purchasing an additional 1,780 shares in the last quarter. KBC Group NV increased 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 purchasing an additional 2,197 shares during the period. Meeder Asset Management Inc. raised 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 buying an additional 8,061 shares in the last quarter. Finally, Cetera Investment Advisers purchased a new position in shares of Owens & Minor during the 4th quarter worth approximately $140,000. Hedge funds and other institutional investors 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.