Barclays analyst Steven Valiquette maintained a Sell rating on Owens & Minor (OMI) on January 4 and set a price target of $6. The company’s shares closed on Friday at $6.50, close to its 52-week low of $5.83.
According to TipRanks.com, Valiquette is a 4-star analyst with an average return of 4.1% and a 48.2% success rate. Valiquette covers the Services sector, focusing on stocks such as AmerisourceBergen Corporation, Patterson Companies Inc, and WellCare Health Plans.
The word on The Street in general, suggests a Hold analyst consensus rating for Owens & Minor with a $8.63 average price target.
Based on Owens & Minor’s latest earnings release for the quarter ending September 30, the company reported a quarterly GAAP net loss of $565K. In comparison, last year the company had a net profit of $22.68 million.
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Owens & Minor, Inc. engages in provision of services to the manufacturers of healthcare products, supplies, and devices. It operates through the following segments: Domestic, International, and Proprietary. The Domestic segment consists of U.S. distribution, logistics, and value-added services business.