Stock Rating Upgrade
In recent days the Value Trend Rating for Owens & Minor Inc. (NYSE: OMI) improved from C to B reflecting improving fundamentals and high Appreciation Potential.
Recent Price Action
Owens & Minor Inc. (NYSE: OMI) stock rose modestly by 0.4% on 3/8/24. The stock closed at $25.64. Trading volume in this advance was normal. The stock has been exceptionally strong relative to the market over the last nine months and has risen 5.4% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, OMI is expected to continue to be an important Value Builder.
Owens & Minor has a current Value Trend Rating of B (Positive). This VT Rating improved in recent days from C previously. The Value Trend Rating reflects inconsistent signals from PTR's two proprietary measures of a stock's attractiveness. Owens & Minor has a neutral Appreciation Score of 56 but a very high Power Rating of 86, producing the Positive Value Trend Rating.