In a report released yesterday, Michael Cherny from Bank of America Securities reiterated a Sell rating on Owens & Minor (OMI – Research Report), with a price target of $16.00. The company’s shares closed yesterday at $19.02.
Cherny covers the Healthcare sector, focusing on stocks such as McKesson, R1 RCM, and AmerisourceBergen. According to TipRanks, Cherny has an average return of 8.1% and a 55.32% success rate on recommended stocks.
Currently, the analyst consensus on Owens & Minor is a Hold with an average price target of $20.33.
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OMI market cap is currently $1.43B and has a P/E ratio of -33.98.
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Owens & Minor, Inc. is a global healthcare solutions company. It integrates technologies, products, and services aligned to deliver significant and sustained value for healthcare providers and manufacturers across the continuum of care. The firm has distribution, production, customer service and sales facilities located across the Asia Pacific region, Europe, Latin America, and North America. The company was founded by Otho O. Owens and G. Gilmer Minor in 1882 and is headquartered in Mechanicsville, VA.
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