Shares of Owens-Illinois, Inc. (NYSE:OI) have been assigned a consensus rating of “Hold” from the twelve research firms that are covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation, one has issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $26.50.
A number of brokerages recently issued reports on OI. Jefferies Group LLC reaffirmed a “hold” rating and issued a $27.00 price target (up from $26.00) on shares of Owens-Illinois in a report on Wednesday, August 2nd. Barclays PLC upped their price target on Owens-Illinois from $22.00 to $25.00 and gave the company an “equal weight” rating in a report on Monday. BidaskClub downgraded Owens-Illinois from a “buy” rating to a “hold” rating in a report on Monday, July 31st. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $24.00 price target on shares of Owens-Illinois in a report on Friday, July 14th. Finally, BMO Capital Markets reaffirmed a “hold” rating and issued a $20.00 price target on shares of Owens-Illinois in a report on Friday, April 21st.
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Shares of Owens-Illinois (OI) traded up 0.66% during trading on Friday, hitting $24.42. 816,868 shares of the company traded hands. Owens-Illinois has a 52-week low of $16.80 and a 52-week high of $25.02. The company has a 50-day moving average of $23.87 and a 200-day moving average of $21.48. The stock has a market capitalization of $3.98 billion, a PE ratio of 17.70 and a beta of 1.50.
Owens-Illinois (NYSE:OI) last announced its quarterly earnings results on Monday, July 31st. The industrial products company reported $0.75 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.67 by $0.08. The firm had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.77 billion. Owens-Illinois had a return on equity of 72.15% and a net margin of 3.36%. The firm’s quarterly revenue was down .5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.65 earnings per share. Equities analysts expect that Owens-Illinois will post $2.63 EPS for the current year.
Large investors have recently bought and sold shares of the stock. DekaBank Deutsche Girozentrale increased its stake in Owens-Illinois by 104.3% in the second quarter. DekaBank Deutsche Girozentrale now owns 4,635 shares of the industrial products company’s stock valued at $110,000 after buying an additional 2,366 shares during the last quarter. Acadian Asset Management LLC purchased a new stake in Owens-Illinois during the second quarter valued at $113,000. James Investment Research Inc. purchased a new stake in Owens-Illinois during the first quarter valued at $149,000. OLD Mutual Customised Solutions Proprietary Ltd. increased its stake in Owens-Illinois by 113.2% in the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 8,100 shares of the industrial products company’s stock valued at $165,000 after buying an additional 4,300 shares during the last quarter. Finally, American National Insurance Co. TX purchased a new stake in Owens-Illinois during the second quarter valued at $227,000. 95.29% of the stock is owned by institutional investors and hedge funds.
Owens-Illinois Company Profile
Owens-Illinois, Inc is a manufacturer of glass container products. The Company’s principal product lines are glass containers for the food and beverage industries. The Company’s segments include Europe, North America, Latin America and Asia Pacific. The Company produces glass containers for alcoholic beverages, including beer, flavored malt beverages, spirits and wine.
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