Omnicell, Inc. (NASDAQ: OMCL) Receives Average “Buy” Recommendation From Brokerages
Omnicell, Inc. (NASDAQ: OMCL) received an average âBuyâ recommendation from the ten analysts who currently cover the stock, reports MarketBeat. Three analysts rated the stock with a conservation rating and six gave the company a buy rating. The 12-month average price target among brokers who hedged the stock in the past year is $ 133.75.
A number of research analysts have commented on the company. BTIG Research assumed coverage of Omnicell in a research note on Monday, May 24. They set a “buy” rating and a target price of $ 165.00 on the stock. Benchmark raised its price target on Omnicell from $ 155.00 to $ 160.00 and gave the stock a “buy” rating in a research report published on Friday, April 30. TheStreet downgraded Omnicell from a âbâ rating to a âc +â rating in a research report released on Friday, April 30. JPMorgan Chase & Co. began covering Omnicell in a research report on Wednesday, June 9. They set a “neutral” rating and a target price of $ 146.00 on the stock. Finally, Piper Sandler raised her price target on Omnicell from $ 152.00 to $ 188.00 and assigned the stock an “overweight” rating in a research report published on Wednesday, June 23.
OCLL shares opened at $ 149.76 on Friday. The 50-day moving average for the stock is $ 140.80. The company has a market cap of $ 6.47 billion, a PE ratio of 194.50, a PEG ratio of 4.86 and a beta of 1.07. Omnicell has a 12-month low of $ 62.24 and a 12-month high of $ 152.71. The company has a debt to equity ratio of 0.47, a quick ratio of 2.76 and a current ratio of 3.09.
Omnicell (NASDAQ: OMCL) last released its quarterly earnings data on Thursday, April 29. The company reported EPS of $ 0.83 for the quarter, beating the Zacks consensus estimate of $ 0.66 by $ 0.17. The company posted revenue of $ 251.84 million for the quarter, compared to analysts’ expectations of $ 245.35 million. Omnicell delivered a return on equity of 8.84% and a net margin of 3.83%. As a group, analysts expect Omnicell to post 2.55 EPS for the current year.
Meanwhile, CFO Peter J. Kuipers sold 2,395 shares of the company in a transaction dated Tuesday, May 18. The stock was sold for an average price of $ 135.53, for a total value of $ 324,594.35. Following the closing of the sale, the CFO now directly owns 71,849 shares of the company, valued at $ 9,737,694.97. The sale was disclosed in a file with the SEC, accessible through this link. 2.63% of the shares are held by insiders.
A number of institutional investors have recently changed their positions in OMCL. KB Financial Partners LLC purchased a new position in Omnicell shares during the first quarter valued at approximately $ 29,000. Certified Advisory Corp purchased a new position in Omnicell shares during the first quarter valued at approximately $ 32,000. Vantage Consulting Group Inc purchased a new position in Omnicell shares during the fourth quarter valued at approximately $ 46,000. Archer Investment Corp increased its holdings of Omnicell shares by 50.0% in the fourth quarter. Archer Investment Corp now owns 450 shares of the company valued at $ 54,000 after purchasing an additional 150 shares in the last quarter. Finally, the Public Employees Retirement System of Ohio increased its stake in Omnicell shares by 21.7% during the fourth quarter. The Ohio Public Employee Retirement System now owns 522 shares of the company valued at $ 63,000 after purchasing 93 more shares in the last quarter.
Omnicell Company Profile
Omnicell, Inc., along with its subsidiaries, provides medication management automation solutions and adherence tools for healthcare systems and pharmacies in the United States and internationally. The company offers central pharmacy automation solutions, including automated storage and retrieval systems, such as the XR2 automated central pharmacy system, a building block of the autonomous pharmacy vision; IV preparation robots and workflow management systems; inventory management software; and management systems for controlled substances.
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