Owens-Illinois Receives Average Rating of “Buy” from Brokerages (NYSE:OI)
Shares of Owens-Illinois (NYSE:OI) have earned a consensus rating of “Buy” from the fifteen analysts that are covering the company, American Banking and Market News reports. Four research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $37.10.
A number of research firms have recently commented on OI. Analysts at Jefferies Group raised their price target on shares of Owens-Illinois from $39.00 to $42.00 in a research note on Friday. They now have a “buy” rating on the stock. Finally, analysts at S&P Equity Research upgraded shares of Owens-Illinois to a “strong-buy” rating in a research note on Wednesday, June 18th.
Shares of Owens-Illinois (NYSE:OI) opened at 34.24 on Thursday. Owens-Illinois has a 52 week low of $28.29 and a 52 week high of $35.95. The stock has a 50-day moving average of $33.83 and a 200-day moving average of $33.33. The company has a market cap of $5.652 billion and a P/E ratio of 26.04.
Owens-Illinois (NYSE:OI) last posted its quarterly earnings results on Tuesday, April 29th. The company reported $0.62 earnings per share (EPS) for the quarter, beating the 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 in the previous year, the company posted $0.60 earnings per share. Analysts expect that Owens-Illinois will post $2.97 EPS for the current fiscal year.
Owens-Illinois, Inc is a manufacturer of glass containers with 81 glass manufacturing plants in 21 countries.
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