Owens-Illinois Inc. (OI) Now Covered by Analysts at RBC Capital Markets
Several other research analysts have also recently issued reports on OI. Goldman Sachs Group Inc. reaffirmed a sell rating and set a $18.00 target price on shares of Owens-Illinois in a research report on Wednesday, June 1st. TheStreet raised Owens-Illinois from a sell rating to a hold rating in a research report on Wednesday, June 15th. Zacks Investment Research raised Owens-Illinois from a hold rating to a buy rating and set a $20.00 price objective on the stock in a research report on Tuesday. Morgan Stanley reissued an equal weight rating and issued a $40.00 price objective on shares of Owens-Illinois in a research report on Saturday, August 13th. Finally, Jefferies Group boosted their price objective on Owens-Illinois from $18.00 to $20.00 and gave the stock a hold rating in a research report on Thursday, July 14th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and five have assigned a buy rating to the company. The company currently has an average rating of Hold and a consensus target price of $21.07.
Owens-Illinois (NYSE:OI) traded up 0.22% during trading on Thursday, reaching $18.30. The company’s stock had a trading volume of 424,600 shares. Owens-Illinois has a 12 month low of $11.58 and a 12 month high of $24.05. The stock has a market cap of $2.97 billion, a PE ratio of 15.26 and a beta of 2.02. The company’s 50-day moving average is $18.06 and its 200-day moving average is $18.00.
Owens-Illinois (NYSE:OI) last announced its earnings results on Wednesday, July 27th. The company reported $0.65 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.63 by $0.02. The company had revenue of $1.76 billion for the quarter, compared to analysts’ expectations of $1.73 billion. Owens-Illinois had a positive return on equity of 67.16% and a negative net margin of 0.20%. Owens-Illinois’s quarterly revenue was up 14.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.60 earnings per share. Equities analysts expect that Owens-Illinois will post $2.32 EPS for the current fiscal year.
A number of large investors have recently modified their holdings of the stock. Point72 Asia Hong Kong Ltd bought a new stake in shares of Owens-Illinois during the second quarter valued at $104,000. Northwestern Mutual Investment Management Company LLC boosted its stake in Owens-Illinois by 0.5% in the second quarter. Northwestern Mutual Investment Management Company LLC now owns 6,176 shares of the company’s stock valued at $111,000 after buying an additional 31 shares during the period. Euclid Advisors LLC acquired a new stake in Owens-Illinois during the first quarter valued at $131,000. Invictus RG boosted its stake in Owens-Illinois by 3.1% in the first quarter. Invictus RG now owns 9,302 shares of the company’s stock valued at $148,000 after buying an additional 282 shares during the period. Finally, Globeflex Capital L P acquired a new stake in Owens-Illinois during the second quarter valued at $197,000. Institutional investors own 93.89% of the company’s stock.
Owens-Illinois, Inc is engaged in the manufacturing of glass containers. The Company’s principal product lines are glass containers for the food and beverage industries. Its segments include Europe, North America, Latin America and Asia Pacific. It produces glass containers for alcoholic beverages, including beer, flavored malt beverages, spirits and wine.
Receive News & Stock Ratings for Owens-Illinois Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Owens-Illinois Inc. and related stocks with our FREE daily email newsletter.