Stock Rating Downgrade
Reflecting eroding fundamentals and low Appreciation Potential, the Value Trend Rating for Owens & Minor Inc. (NYSE: OMI) weakened during the last several trading days. OMI’s current Value Trend Rating is C and the prior Rating was B. Details supporting this lower rating are included in our next report.
Recent Price Action
On 12/1/23, Owens & Minor Inc. (NYSE: OMI) stock enjoyed a very large increase of 8.9%, closing at $21.64. Moreover, above average trading volume at 134% of normal accompanied the advance. The stock has been strong relative to the market over the last nine months and has risen 11.9% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, OMI is expected to continue to be a Value Builder.
Owens & Minor has a current Value Trend Rating of C (High Neutral). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Owens & Minor has a neutral Appreciation Score of 51 but a good Power Rating of 74, resulting in the High Neutral Value Trend Rating.
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