Leerink Partners raised the price target for the Owens & Minor, Inc. (NYSE:OMI) stock to “a Market perform”. The rating was released on February 26, 2024, according to finviz. The research report from Citigroup has downgraded the stock from Buy to Neutral, with a price target set at $18. The stock was downgraded by Robert W. Baird, who disclosed in a research note on October 12, 2022, from Outperform to Neutral and set the price objective to $22. In their research brief published October 12, 2022, BofA Securities analysts downgraded the Owens & Minor, Inc. stock from Buy to Underperform with a price target of $17.
Historical Earnings Surprises and Revenue Forecasts
This is an average of 0 analysts’ earnings, where the high earnings per share estimate is $0 and the low earnings per share estimate is $0.
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The latest trade, Performances and Moving Averages give us the following Picture
The firm’s stock price fluctuated 8.00% within the last five trades and 12.84% within the last 30 trades, which was a significant change from the beginning of this year. Despite the fact that the share price increased 78.59% in the last 6 months and 42.89% was added to its value over the previous 3 months. OMI stock is trading at a margin of 10.53%, 24.23% and 45.31% apart from the 20-Day, 50-Day and 200-Day Simple Moving Average prices.
As of the close of trading, OMI deals in the Healthcare domain. The stock is trading 4.41 percent below its 52-week high and 122.53 percent above its 52-week low. For example, looking both at the price and the high and low measurements of 52 weeks will give you a clearer picture of the direction the price is heading. The firm’s Weighted Alpha is 71.3. A positive weighted alpha indicates the firm has done well over the course of the year, whereas one below 0 indicates that the firm has done poorly.
What Does Owens & Minor, Inc.’s Profitability and Valuation Ratios Tell Us About the Stock?
With regard to the profitability of the company, the operating margin is currently at 2.15 percent and the profit margin is -0.40 percent, and the company has reported a gross margin of 17.78 percent. The profit margin, also known as the revenue ratio or gross profit ratio, is an efficiency figure used to estimate the business’s profitability by comparing net income and sales. The higher the number, the more profits are generated for the company and vice versa.
The stock’s market cap achieved a total value of $2.14 billion as of the last trading session. Market capitalization is the total value of all outstanding shares of a corporation and it is used to measure a company’s market value. The price-to-earnings ratio is a method of assessing corporate values by comparing them to their per-share profit. Forward P/E stands at 14.15. Forward price-to-earnings is calculated using predicted earnings for the next financial year’s P/E determination. The stock has achieved an effective Price-to-Sales Ratio of 0.21 that mirrors the cost to be found for sales by the market. The firm managed a Price-to-Book ratio of 2.32, which equates the market value of a stock with its book value.
Is Insider Trading a Real Thing?
Almost all investors and traders prefer to invest in shares controlled by the management of a corporation as a management company will be more likely to run the business itself and to never conduct things against the management’s desires and will always try to do what is best for their shareholders. Currently, 9.83 percent of Owens & Minor, Inc. shares are owned by insiders, and 95.90 percent are held by financial institutions. Lowry Michael Wayne, the SVP, Corporate Controller at Owens & Minor, Inc. (OMI) has sold 10,000 shares of firm on Feb 27 ’24 at a price of $25.00 against the total amount of $0.25 million. In another inside trade, Leon Jonathan A, SVP, Corporate Treasurer of Owens & Minor, Inc. (NYSE:OMI) sold 5,000 shares of the firm on Feb 20 ’24 for a total worth of $0.11 million at a price of $22.00. An inside trade which took place on Feb 07 ’24, EVP,General Counsel & CorpSecy of Owens & Minor, Inc. Galloway Heath H sold 97 shares of firm against total price of $1931.0 at the cost of $19.91 per share.
