Owens & Minor (OMI) Receives Price Target

Owens & Minor (OMI) : The most positive equity analysts on Owens & Minor (OMI) expects the shares to touch $36, whereas, the least positive believes that the stock will trade at $29 in the short term. The company is covered by 4 Wall Street Brokerage Firms. The average price target for shares are $33 with an expected fluctuation of $3.16 from the mean.

Owens & Minor (OMI) : 2 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Owens & Minor (OMI). Zacks Investment Research suggests a Hold with a rank of 3. 1 others believe that the stock has run up ahead of its fundamentals and advise a Strong Sell on the stock.The median of all the 3 Wall Street Analysts endorse the stock as a Sell with a rating of 3.67.


Owens & Minor (NYSE:OMI): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $34.34 and $34.21 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $34.57. The buying momentum continued till the end and the stock did not give up its gains. It closed at $34.56, notching a gain of 0.55% for the day. The total traded volume was 665,589 . The stock had closed at $34.37 on the previous day.

Owens & Minor, Inc. is a healthcare logistics company. The Company provides supply chain assistance to the providers of healthcare services and the manufacturers of healthcare products, supplies and devices. The Company operates in two segments: Domestic and International. Domestic segment includes all functions in the United States relating to its role as a healthcare logistics company providing distribution, packaging and logistics services to healthcare providers and manufacturers. International segment consists of its European third-party logistics and packaging businesses. It is focused on its operations on healthcare logistics services and provides its customers with a service portfolio that covers procurement, inventory management, delivery and sourcing of products for the healthcare market. Its customers include hospitals, integrated healthcare systems, group purchasing organizations, manufacturers of life-science and medical devices and supplies, including pharmaceuticals.

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