Alert: Positive Investment/Fundamental Signals (2/28/24)-Owens & Minor Inc. (NYSE: OMI)

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Owens & Minor Inc. (NYSE: OMI) has benefited from exceptional positive changes in investment behavior: its shorter term price trend turned up, and the stock’s recent price rise disrupted its longer term downtrend.

Recent meaningful positive changes in fundamentals have benefitted Owens & Minor Inc. (NYSE: OMI): the consensus estimate for December, 2025 increased significantly, and the stock’s power rating rose above 70.

In light of these very positive signals we are reviewing our current Overall Rating of C. We would view the shares with optimism pending completion of this review in the next several days.

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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 an important Value Builder.

Owens & Minor has a current Value Trend Rating of C (Neutral). This rating combines contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Owens & Minor has a slightly negative Appreciation Score of 31 but a good Power Rating of 70, and the Neutral Value Trend Rating results.

Recent Price Action

On 2/28/24, Owens & Minor Inc. (NYSE: OMI) stock increased 1.1%, closing at $25.04. NORMAL trading volume accompanied the advance. Relative to the market the stock has been strong over the last nine months and has risen 16.2% during the last week.

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