Shares of Owens-Illinois Inc. (NYSE:OI) have received an average rating of “Hold” from the fifteen brokerages that are presently covering the stock. One analyst has rated the stock with a sell recommendation, eleven have issued a hold recommendation and three have given a buy recommendation to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $20.25.

A number of equities research analysts recently commented on OI shares. Zacks Investment Research cut shares of Owens-Illinois from a “buy” rating to a “hold” rating in a research report on Friday, October 28th. Deutsche Bank AG reissued a “hold” rating and set a $20.00 target price (up previously from $18.73) on shares of Owens-Illinois in a research report on Tuesday. Morgan Stanley reissued an “equal weight” rating and set a $40.00 target price on shares of Owens-Illinois in a research report on Saturday, August 13th. Jefferies Group reissued a “hold” rating and set a $19.00 target price on shares of Owens-Illinois in a research report on Thursday, October 20th. Finally, RBC Capital Markets started coverage on shares of Owens-Illinois in a research report on Thursday, September 29th. They set a “sector perform” rating and a $18.00 target price for the company.

Owens-Illinois (NYSE:OI) traded down 0.38% during midday trading on Wednesday, reaching $18.49. 564,157 shares of the company’s stock were exchanged. The stock has a market capitalization of $3.00 billion, a price-to-earnings ratio of 10.57 and a beta of 1.65. Owens-Illinois has a 12-month low of $11.58 and a 12-month high of $20.33. The stock’s 50-day moving average is $18.22 and its 200-day moving average is $18.34.

Owens-Illinois (NYSE:OI) last announced its quarterly earnings results on Tuesday, October 25th. The company reported $0.68 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.01. Owens-Illinois had a net margin of 1.17% and a return on equity of 86.33%. The firm earned $1.71 billion during the quarter, compared to analysts’ expectations of $1.73 billion. During the same quarter in the prior year, the company earned $0.57 EPS. The company’s revenue was up 9.3% compared to the same quarter last year. On average, equities analysts forecast that Owens-Illinois will post $2.30 earnings per share for the current year.

Hedge funds have recently added to or reduced their stakes in the stock. Northwestern Mutual Investment Management Company LLC raised 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 in the last quarter. Gateway Investment Advisers LLC raised its stake in Owens-Illinois by 0.4% in the third quarter. Gateway Investment Advisers LLC now owns 11,616 shares of the company’s stock valued at $214,000 after buying an additional 51 shares in the last quarter. IBM Retirement Fund raised its stake in Owens-Illinois by 0.4% in the second quarter. IBM Retirement Fund now owns 16,284 shares of the company’s stock valued at $293,000 after buying an additional 70 shares in the last quarter. Advantus Capital Management Inc raised its stake in Owens-Illinois by 1.0% in the second quarter. Advantus Capital Management Inc now owns 15,548 shares of the company’s stock valued at $280,000 after buying an additional 153 shares in the last quarter. Finally, Gotham Asset Management LLC raised its stake in Owens-Illinois by 1.1% in the third quarter. Gotham Asset Management LLC now owns 17,047 shares of the company’s stock valued at $313,000 after buying an additional 191 shares in the last quarter. Institutional investors own 96.51% of the company’s stock.

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Owens-Illinois Company Profile

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.

5 Day Chart for NYSE:OI

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