Owens-Illinois (OI) Getting Somewhat Critical News Coverage, Analysis Shows
Media headlines about Owens-Illinois (NYSE:OI) have been trending somewhat negative this week, AlphaOne Sentiment Analysis reports. The research firm, a unit of Accern, identifies negative and positive news coverage by analyzing more than 20 million news and blog sources. AlphaOne ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Owens-Illinois earned a media sentiment score of -0.09 on AlphaOne’s scale. AlphaOne also gave media stories about the industrial products company an impact score of 22 out of 100, meaning that recent news coverage is very unlikely to have an impact on the stock’s share price in the near term.
Here are some of the media stories that may have impacted AlphaOne Sentiment’s rankings:
- Owens-Illinois Inc (OI) Upgraded by Zacks Investment Research to Buy (americanbankingnews.com)
- How Does the MF Rank Score For Owens-Illinois, Inc. (NYSE:OI)? – Pearson Press (pearsonnewspress.com)
- $1.76 Billion in Sales Expected for Owens-Illinois Inc (OI) This Quarter (americanbankingnews.com)
- Owens Illinois : O-I remains cautiously optimistic on growth (4-traders.com)
- Form 4 OWENS ILLINOIS INC /DE/ For: May 12 Filed by: Hardie Gordon (streetinsider.com)
OI has been the topic of several research reports. TheStreet raised shares of Owens-Illinois from a “c+” rating to a “b” rating in a research report on Thursday, May 4th. Zacks Investment Research raised shares of Owens-Illinois from a “hold” rating to a “buy” rating and set a $25.00 price objective on the stock in a research report on Monday. Credit Suisse Group AG reaffirmed a “buy” rating and issued a $28.00 price objective on shares of Owens-Illinois in a research report on Sunday, February 5th. Barclays PLC boosted their price target on shares of Owens-Illinois from $20.00 to $22.00 and gave the company an “equal weight” rating in a research report on Monday, May 1st. Finally, Jefferies Group LLC reissued a “hold” rating and issued a $19.00 price target on shares of Owens-Illinois in a research report on Tuesday, February 7th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $24.00.
Shares of Owens-Illinois (NYSE:OI) opened at 21.72 on Friday. Owens-Illinois has a 52 week low of $16.18 and a 52 week high of $22.61. The stock has a market cap of $3.53 billion, a PE ratio of 18.66 and a beta of 1.48. The stock has a 50 day moving average of $21.16 and a 200-day moving average of $19.59.
Owens-Illinois (NYSE:OI) last posted its quarterly earnings data on Monday, April 24th. The industrial products company reported $0.58 EPS for the quarter, topping the consensus estimate of $0.53 by $0.05. The company had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.58 billion. Owens-Illinois had a net margin of 3.12% and a return on equity of 86.07%. Owens-Illinois’s quarterly revenue was up .8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.48 earnings per share. Equities research analysts predict that Owens-Illinois will post $2.49 earnings per share for the current fiscal year.
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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