Owens-Illinois Receives Average Rating of “Buy” from Brokerages (NYSE:OI)
Owens-Illinois (NYSE:OI) has been given an average rating of “Buy” by the fourteen brokerages that are presently covering the company, Analyst Ratings Network.com reports. Five investment 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 twelve-month target price among analysts that have issued ratings on the stock in the last year is $37.00.
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 (NYSE:OI) opened at 30.80 on Thursday. Owens-Illinois has a 52 week low of $28.29 and a 52 week high of $35.95. The stock’s 50-day moving average is $32.25 and its 200-day moving average is $32.89. The company has a market cap of $5.077 billion and a P/E ratio of 26.02.
Owens-Illinois (NYSE:OI) last announced its 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.
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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