Owens-Illinois Earns Outperform Rating from Analysts at BMO Capital Markets (OI)
Investment analysts at BMO Capital Markets began coverage on shares of Owens-Illinois (NYSE:OI) in a note issued to investors on Thursday, TheFlyOnTheWall.com reports. The firm set an “outperform” rating on the stock.
Owens-Illinois (NYSE:OI) opened at 31.30 on Thursday. Owens-Illinois has a 1-year low of $28.51 and a 1-year high of $35.95. The stock has a 50-day moving average of $31.59 and a 200-day moving average of $32.8. The company has a market cap of $5.160 billion and a price-to-earnings ratio of 25.99.
Owens-Illinois (NYSE:OI) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $0.80 earnings per share for the quarter, missing the analysts’ 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 last year, the company posted $0.81 earnings per share. Owens-Illinois’s revenue was up .9% compared to the same quarter last year. Analysts expect that Owens-Illinois will post $2.92 EPS for the current fiscal year.
OI has been the subject of a number of other recent research reports. 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. Five 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’s stock. The company presently has a consensus rating of “Buy” and an average price target of $37.00.
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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