Owens & Minor, Inc. (OMI) Stock Formed Double Bottom Pattern

April 17, 2018 - By Nellie Rakes

Owens & Minor, Inc. (NYSE:OMI) Corporate Logo

During 2017 Q4 the big money sentiment decreased to 1. That’s change of 0.47, from 2017Q3’s 1.47. 58 investors sold all, 57 reduced holdings as Owens & Minor, Inc. ratio is negative. 77 rose stakes while 38 funds acquired stakes. Funds hold 58.40 million shares thus 1.17% more from 2017Q3’s 57.73 million shares.
Sg Americas Securities Limited Liability Company accumulated 0.02% or 134,397 shs. Teacher Retirement System Of Texas stated it has 0% of its capital in Owens & Minor, Inc. (NYSE:OMI). Brandes Investment Ptnrs Limited Partnership reported 1.45 million shs stake. Hexavest owns 2,600 shs or 0% of their US capital. Glenmede Tru Na holds 0% in Owens & Minor, Inc. (NYSE:OMI) or 344 shs. Royal Comml Bank Of Canada has 5,098 shs. Gilman Hill Asset Mgmt Lc holds 188,466 shs. State Board Of Administration Of Florida Retirement Systems reported 0% in Owens & Minor, Inc. (NYSE:OMI). Morgan Stanley holds 0.01% or 1.34 million shs. Moreover, Pnc Financial Svcs Gp has 0% invested in Owens & Minor, Inc. (NYSE:OMI) for 7,771 shs. California-based Lpl Ltd Liability Company has invested 0% in Owens & Minor, Inc. (NYSE:OMI). Bankshares Of America Corp De accumulated 201,357 shs. 111,475 were reported by Connor Clark And Lunn Investment Mgmt Ltd. 53,600 are owned by Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Inv Mngmt. Sei, Pennsylvania-based fund reported 173 shs.

Owens & Minor, Inc. (OMI) chart forms a double bottom chart pattern with $15.11 price target. That’s 5.00 % below today’s $15.90 price per share. The stock has $982.98M market cap. On Apr, 17 the double bottom chart pattern was posted by Finviz.com. At $15.11 stock price target, the company valuation changes by $49.15M less.

Its shares touched $15.9 on during the last trading session after 0.89% change.Currently Owens & Minor, Inc. is downtrending after 56.18% change in last April 17, 2017. OMI has 1.14M shares volume. OMI underperformed the S&P500 by 67.73%.

Analysts await Owens & Minor, Inc. (NYSE:OMI) to report earnings on May, 1. They expect $0.47 EPS, up 14.63 % or $0.06 from last year’s $0.41 per share. OMI’s profit will be $29.06M for 8.46 P/E if the $0.47 EPS becomes a reality. After $0.35 actual EPS reported by Owens & Minor, Inc. for the previous quarter, Wall Street now forecasts 34.29 % EPS growth.

Owens & Minor, Inc. (NYSE:OMI) Ratings Coverage

In total 8 analysts cover Owens & Minor (NYSE:OMI). “Buy” rating has 1, “Sell” are 3, while 4 are “Hold”. 13% are bullish. With $24.0 highest and $14.0 lowest [Target] Owens & Minor has $18.25 average [Target] or 14.78% above the current ($15.9) price. 12 are the (NYSE:OMI)’s analyst reports since November 2, 2017 according to StockzIntelligence Inc. The company rating was maintained by Credit Suisse on Monday, November 20. In Wednesday, February 14 report Jefferies maintained the stock with “Hold” rating. On Thursday, February 1 Robert W. Baird maintained Owens & Minor, Inc. (NYSE:OMI) rating. Robert W. Baird has “Hold” rating and $16.0 target. On Thursday, November 2 the stock of Owens & Minor, Inc. (NYSE:OMI) has “Hold” rating given by Leerink Swann. On Tuesday, December 19 the rating was downgraded by JP Morgan to “Underweight”. On Wednesday, January 17 the rating was maintained by Robert W. Baird with “Hold”. On Thursday, February 1 the rating was maintained by Jefferies with “Hold”. On Wednesday, February 14 the firm has “Hold” rating given by Credit Suisse. On Thursday, February 15 JP Morgan maintained the shares of OMI in report with “Underweight” rating. On Tuesday, December 19 J.P. Morgan downgraded Owens & Minor, Inc. (NYSE:OMI) rating. J.P. Morgan has “Sell” rating and $22.0 target.

Owens & Minor, Inc. (NYSE:OMI) Institutional Investors Chart

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