Owens-Illinois Receives Average Recommendation of “Buy” from Brokerages (NYSE:OI)
Owens-Illinois (NYSE:OI) has received an average recommendation of “Buy” from the fifteen analysts that are covering the company, Analyst Ratings Network reports. Five equities research analysts have rated the stock with a hold recommendation, eight have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $36.56.
Owens-Illinois (NYSE:OI) traded down 0.59% during mid-day trading on Thursday, hitting $33.95. The stock had a trading volume of 59,324 shares. Owens-Illinois has a one year low of $28.29 and a one year high of $35.95. The stock’s 50-day moving average is $33.71 and its 200-day moving average is $33.33. The company has a market cap of $5.604 billion and a P/E ratio of 26.13.
Owens-Illinois (NYSE:OI) last posted its quarterly earnings results on Tuesday, April 29th. The company reported $0.62 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.61 by $0.01. The company had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.62 billion. During the same quarter last year, the company posted $0.60 earnings per share. Analysts expect that Owens-Illinois will post $2.97 EPS for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Jefferies Group initiated coverage on shares of Owens-Illinois in a research note on Wednesday, July 2nd. They set a “hold” rating on the stock. Separately, analysts at S&P Equity Research upgraded shares of Owens-Illinois to a “strong-buy” rating in a research note on Wednesday, June 18th. Finally, analysts at Bank of America upgraded shares of Owens-Illinois from a “neutral” rating to a “buy” rating in a research note on Friday, June 13th. They now have a $38.00 price target on the stock.
Owens-Illinois, Inc is a manufacturer of glass containers with 81 glass manufacturing plants in 21 countries.
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