Owens-Illinois Given Average Rating of “Buy” by Analysts (NYSE:OI)
Shares of Owens-Illinois (NYSE:OI) have received an average rating of “Buy” from the fifteen ratings firms that are covering the company, American Banking & Market News reports. Five research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is $37.00.
Shares of Owens-Illinois (NYSE:OI) traded up 0.42% during mid-day trading on Thursday, hitting $30.99. The stock had a trading volume of 194,337 shares. Owens-Illinois has a 1-year low of $28.29 and a 1-year high of $35.95. The stock’s 50-day moving average is $32.4 and its 200-day moving average is $32.90. The company has a market cap of $5.108 billion and a price-to-earnings ratio of 25.80.
Owens-Illinois (NYSE:OI) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $0.80 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.82 by $0.02. The company had revenue of $1.80 billion for the quarter, compared to the consensus estimate of $1.79 billion. During the same quarter in the prior year, the company posted $0.81 earnings per share. The company’s quarterly revenue was up .9% on a year-over-year basis. Analysts expect that Owens-Illinois will post $2.92 EPS for the current fiscal year.
A number of analysts have recently weighed in on OI shares. Analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Owens-Illinois in a research note on Tuesday, August 5th. They now have a $35.00 price target on the stock, down previously from $36.00. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Owens-Illinois in a research note on Thursday, July 31st. They now have a $33.00 price target on the stock. Finally, 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, July 11th. They now have a “buy” rating on the stock.
Owens-Illinois, Inc is a glass container manufacturer. The Company is also a preferred partner for various food and beverage brands.
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