Owens-Illinois, Inc. (NYSE:OI) has earned a consensus recommendation of “Hold” from the twelve analysts that are covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, two have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $25.00.

OI has been the subject of a number of recent research reports. Citigroup Inc. decreased their price target on shares of Owens-Illinois from $28.00 to $24.00 and set an “underweight” rating for the company in a research note on Friday, April 14th. BMO Capital Markets reiterated a “hold” rating and issued a $20.00 price target on shares of Owens-Illinois in a research note on Friday, April 21st. Jefferies Group LLC reiterated a “hold” rating and issued a $20.00 price target (up previously from $19.00) on shares of Owens-Illinois in a research note on Wednesday, April 26th. Deutsche Bank AG reiterated a “hold” rating and issued a $24.00 price target (up previously from $20.00) on shares of Owens-Illinois in a research note on Saturday, April 29th. Finally, Barclays PLC lifted their price target on shares of Owens-Illinois from $20.00 to $22.00 and gave the stock an “equal weight” rating in a research note on Monday, May 1st.

Shares of Owens-Illinois (NYSE:OI) traded up 0.25% during mid-day trading on Tuesday, reaching $24.20. 433,236 shares of the company’s stock were exchanged. Owens-Illinois has a 1-year low of $16.80 and a 1-year high of $24.24. The company’s 50 day moving average is $22.66 and its 200 day moving average is $20.47. The stock has a market capitalization of $3.94 billion, a PE ratio of 20.79 and a beta of 1.50.

Owens-Illinois (NYSE:OI) last announced its quarterly earnings results on Monday, April 24th. The industrial products company reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates of $0.53 by $0.05. Owens-Illinois had a net margin of 2.84% and a return on equity of 80.74%. The business had revenue of $1.60 billion during the quarter, compared to analysts’ expectations of $1.58 billion. During the same period last year, the business earned $0.48 earnings per share. The business’s revenue for the quarter was up .8% on a year-over-year basis. Equities research analysts anticipate that Owens-Illinois will post $2.49 EPS for the current fiscal year.

Institutional investors have recently bought and sold shares of the company. Atria Investments LLC raised its stake in Owens-Illinois by 1.3% in the second quarter. Atria Investments LLC now owns 11,342 shares of the industrial products company’s stock valued at $271,000 after buying an additional 142 shares in the last quarter. Baird Financial Group Inc. raised its stake in Owens-Illinois by 1.8% in the first quarter. Baird Financial Group Inc. now owns 26,834 shares of the industrial products company’s stock valued at $547,000 after buying an additional 463 shares in the last quarter. Capstone Asset Management Co. raised its stake in Owens-Illinois by 2.8% in the second quarter. Capstone Asset Management Co. now owns 18,614 shares of the industrial products company’s stock valued at $445,000 after buying an additional 510 shares in the last quarter. State Treasurer State of Michigan raised its stake in Owens-Illinois by 0.9% in the first quarter. State Treasurer State of Michigan now owns 65,900 shares of the industrial products company’s stock valued at $1,343,000 after buying an additional 600 shares in the last quarter. Finally, Advantus Capital Management Inc raised its stake in Owens-Illinois by 3.0% in the first quarter. Advantus Capital Management Inc now owns 20,767 shares of the industrial products company’s stock valued at $423,000 after buying an additional 609 shares in the last quarter. 95.23% of the stock is currently owned by institutional investors and hedge funds.

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About Owens-Illinois

Owens-Illinois, Inc is a manufacturer of glass container products. The Company’s principal product lines are glass containers for the food and beverage industries. The Company’s segments include Europe, North America, Latin America and Asia Pacific. The Company produces glass containers for alcoholic beverages, including beer, flavored malt beverages, spirits and wine.

Analyst Recommendations for Owens-Illinois (NYSE:OI)

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