Why Owens & Minor, Inc. (NYSE:OMI) Is In News?


Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $33.83 on Owens & Minor, Inc. (NYSE:OMI) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $2.05 for the next fiscal and $N/A for underway quarter.

Valuation Estimates

Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of Owens & Minor, Inc. (NYSE:OMI) stands at 19.15.

Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For Owens & Minor, Inc. Common Stoc, the PEG ratio for coming 3-5 years is 4.71.

Technical Analysis

The technical analysis highlights that Owens & Minor, Inc. Common Stoc current is trading $-1.98 points away or -5.47% from its 50-day moving average of $36.27. Further it is trading $-3.18 or -8.50% away its 200-day moving average of $37.47.

The 52-week high of Owens & Minor, Inc. (NYSE:OMI) was $41.48 while lowest point recorded in 52-week was $31.89. It implies if stock price makes a movement of over $-7.19, it will record a new 52-week high. In the case of +7.53% drop, it will touch a new 52-week low.

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