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


Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $33.57 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 21.41. 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 5.11. Technical Analysis The technical analysis highlights that Owens & Minor, Inc. Common Stoc current price is trading $0.16 points away +0.44% from $37.00, which stands as the 50-day moving average of the firm. The stock’s 200-day MA is $37.31 and, for now, the stock price is trading $-0.15 or -0.40% away from that point. 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 $-4.32, it will record a new 52-week high. In the case of $+16.53% points drop, it will touch a new 52-week low.

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