Trade Report: Today: Omnicell Inc. (OMCL) Receives Consensus Recommendation of “Buy” from Analysts

Today: Omnicell Inc. (OMCL) Receives Consensus Recommendation of “Buy” from Analysts

Shares of Omnicell Inc. (NASDAQ:OMCL) have been given a consensus recommendation of “Buy” by the eight ratings firms that are covering the firm. Three research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $39.17.

OMCL has been the subject of a number of recent analyst reports. TheStreet downgraded shares of Omnicell from a “buy” rating to a “hold” rating in a report on Friday, November 11th. Oppenheimer Holdings Inc. set a $46.00 price objective on shares of Omnicell and gave the stock a “buy” rating in a research note on Thursday, October 27th. Zacks Investment Research downgraded shares of Omnicell from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 3rd. Finally, Sidoti downgraded shares of Omnicell from a “buy” rating to a “neutral” rating and set a $43.00 price objective for the company. in a research note on Thursday, September 8th.

In other news, Director Gary S. Petersmeyer sold 2,400 shares of the business’s stock in a transaction on Thursday, September 8th. The shares were sold at an average price of $39.39, for a total transaction of $94,536.00. Following the transaction, the director now directly owns 17,987 shares of the company’s stock, valued at $708,507.93. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Jorge R. Taborga sold 2,068 shares of the company’s stock in a transaction on Friday, November 18th. The shares were sold at an average price of $33.66, for a total transaction of $69,608.88. Following the completion of the sale, the vice president now directly owns 47,223 shares in the company, valued at $1,589,526.18. The disclosure for this sale can be found here. Insiders own 3.75% of the company’s stock.

Hedge funds have recently bought and sold shares of the stock. Fisher Asset Management LLC boosted its stake in Omnicell by 1.0% in the second quarter. Fisher Asset Management LLC now owns 536,152 shares of the company’s stock valued at $19,452,000 after buying an additional 5,152 shares in the last quarter. Henderson Group PLC boosted its stake in Omnicell by 57.6% in the second quarter. Henderson Group PLC now owns 399,565 shares of the company’s stock valued at $13,677,000 after buying an additional 145,997 shares in the last quarter. PineBridge Investments L.P. boosted its stake in Omnicell by 4.0% in the second quarter. PineBridge Investments L.P. now owns 4,555 shares of the company’s stock valued at $156,000 after buying an additional 177 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in Omnicell by 62.9% in the first quarter. Goldman Sachs Group Inc. now owns 93,228 shares of the company’s stock valued at $2,598,000 after buying an additional 36,015 shares in the last quarter. Finally, First Trust Advisors LP bought a new stake in Omnicell during the second quarter valued at about $747,000. 94.04% of the stock is currently owned by hedge funds and other institutional investors.

Omnicell (NASDAQ:OMCL) traded down 2.37% on Monday, hitting $35.05. 60,981 shares of the company were exchanged. Omnicell has a 52-week low of $25.06 and a 52-week high of $40.50. The firm has a 50 day moving average of $34.20 and a 200-day moving average of $35.27. The stock has a market cap of $1.28 billion, a PE ratio of 160.78 and a beta of 0.65.

Omnicell (NASDAQ:OMCL) last released its earnings results on Thursday, October 27th. The company reported $0.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.41 by $0.01. Omnicell had a net margin of 1.24% and a return on equity of 10.74%. The company earned $179.40 million during the quarter, compared to analysts’ expectations of $179.75 million. During the same quarter in the previous year, the firm posted $0.36 earnings per share. Omnicell’s revenue for the quarter was up 43.3% compared to the same quarter last year. On average, equities analysts expect that Omnicell will post $1.55 earnings per share for the current fiscal year.

Related posts

Leave a Comment