Monday, March 1, 2021

Owens & Minor Inc. [OMI] fell -0.63% so far this year. What now?

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Owens & Minor Inc. [NYSE: OMI] loss -8.13% on the last trading session, reaching $26.88 price per share at the time. The company report on January 22, 2021 that “Thank you, President Biden” – Owens & Minor Welcomes President Biden Strategy on COVID Response.

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, Edward Pesicka, President and CEO of Owens & Minor, a leading manufacturer of HALYARD* branded Personal Protective Equipment (PPE), welcomed the announcement from President Biden of the National Strategy for the COVID-19 Response and Pandemic Preparedness.


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This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210121005970/en/.

Owens & Minor Inc. represents 60.79 million in outstanding shares, while the company has a total market value of $1.86 billion with the latest information. OMI stock price has been found in the range of $26.75 to $29.35.

If compared to the average trading volume of 1.32M shares, OMI reached a trading volume of 1132486 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about Owens & Minor Inc. [OMI]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for OMI shares is $29.57 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on OMI stock is a recommendation set at 2.60. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

UBS have made an estimate for Owens & Minor Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on December 17, 2020. The new note on the price target was released on September 25, 2020, representing the official price target for Owens & Minor Inc. stock. Previously, the target price had yet another raise from $8 to $14, while Robert W. Baird kept a Outperform rating on OMI stock. On July 21, 2020, analysts increased their price target for OMI shares from 8 to 12.

The Average True Range (ATR) for Owens & Minor Inc. is set at 1.93, with the Price to Sales ratio for OMI stock in the period of the last 12 months amounting to 0.23. The Price to Book ratio for the last quarter was 3.62, with the Price to Cash per share for the same quarter was set at 1.12. Price to Free Cash Flow for OMI in the course of the last twelve months was 5.97 with Quick ratio for the last quarter at 0.70.

Trading performance analysis for OMI stock

Owens & Minor Inc. [OMI] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -1.65. With this latest performance, OMI shares dropped by -12.87% in over the last four-week period, additionally plugging by 72.75% over the last 6 months – not to mention a rise of 308.51% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for OMI stock in for the last two-week period is set at 45.91, with the RSI for the last a single of trading hit 43.48, and the three-weeks RSI is set at 48.11 for Owens & Minor Inc. [OMI]. The present Moving Average for the last 50 days of trading for this stock 27.09, while it was recorded at 27.37 for the last single week of trading, and 17.26 for the last 200 days.

Owens & Minor Inc. [OMI]: A deeper dive into fundamental analysis

Operating Margin for any stock indicates how profitable investing would be, and Owens & Minor Inc. [OMI] shares currently have an operating margin of +1.14 and a Gross Margin at +11.20. Owens & Minor Inc.’s Net Margin is presently recorded at -0.25.

Return on Total Capital for OMI is now 4.89, given the latest momentum, and Return on Invested Capital for the company is -1.06. Return on Equity for this stock declined to -4.61, with Return on Assets sitting at -0.61. When it comes to the capital structure of this company, Owens & Minor Inc. [OMI] has a Total Debt to Total Equity ratio set at 358.77. Additionally, OMI Total Debt to Total Capital is recorded at 78.20, with Total Debt to Total Assets ending up at 45.51. Long-Term Debt to Equity for the company is recorded at 351.72, with the Long-Term Debt to Total Capital now at 76.67.

Reflecting on the efficiency of the workforce at the company, Owens & Minor Inc. [OMI] managed to generate an average of -$1,466 per employee. Receivables Turnover for the company is 10.96 with a Total Asset Turnover recorded at a value of 2.48.Owens & Minor Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.70 and a Current Ratio set at 1.50.

Owens & Minor Inc. [OMI]: An earnings per share (EPS) analysis

With the latest financial reports released by the company, Owens & Minor Inc. posted 0.24/share EPS, while the average EPS was predicted by analysts to be reported at 0.23/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 4.30%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for OMI. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Owens & Minor Inc. go to 33.44%.

An analysis of insider ownership at Owens & Minor Inc. [OMI]

There are presently around $1,610 million, or 77.20% of OMI stock, in the hands of institutional investors. The top three institutional holders of OMI stocks are: BLACKROCK INC. with ownership of 9,656,390, which is approximately -1.319% of the company’s market cap and around 0.70% of the total institutional ownership; VANGUARD GROUP INC, holding 4,882,831 shares of the stock with an approximate value of $142.87 million in OMI stocks shares; and DIMENSIONAL FUND ADVISORS LP, currently with $127.61 million in OMI stock with ownership of nearly -5.179% of the company’s market capitalization.

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Positions in Owens & Minor Inc. stocks held by institutional investors increased at the end of February and at the time of the February reporting period, where 103 institutional holders increased their position in Owens & Minor Inc. [NYSE:OMI] by around 8,217,683 shares. Additionally, 101 investors decreased positions by around 8,685,767 shares, while 28 investors held positions by with 38,118,922 shares. The mentioned changes placed institutional holdings at 55,022,372 shares, according to the latest SEC report filing. OMI stock had 49 new institutional investments in for a total of 4,262,870 shares, while 27 institutional investors sold positions of 1,245,743 shares during the same period.

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