Owens-Illinois, Inc. (NYSE:OI) had its price objective lifted by investment analysts at Barclays PLC from $22.00 to $25.00 in a note issued to investors on Monday. The brokerage presently has an “equal weight” rating on the industrial products company’s stock. Barclays PLC’s price target would suggest a potential upside of 4.60% from the company’s previous close.

A number of other brokerages have also issued reports on OI. Jefferies Group LLC reiterated a “hold” rating and issued a $27.00 target price (up previously from $26.00) on shares of Owens-Illinois in a research report on Wednesday, August 2nd. BidaskClub lowered shares of Owens-Illinois from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Royal Bank Of Canada reiterated a “hold” rating and issued a $24.00 target price on shares of Owens-Illinois in a research report on Friday, July 14th. ValuEngine upgraded shares of Owens-Illinois from a “buy” rating to a “strong-buy” rating in a research report on Thursday, July 6th. Finally, Zacks Investment Research lowered shares of Owens-Illinois from a “buy” rating to a “hold” rating in a research report on Tuesday, June 27th. One analyst has rated the stock with a sell rating, eight have given a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. Owens-Illinois has a consensus rating of “Hold” and an average target price of $26.44.

Owens-Illinois (NYSE:OI) traded up 1.67% during mid-day trading on Monday, hitting $24.30. 660,728 shares of the stock traded hands. The firm has a market cap of $3.96 billion, a price-to-earnings ratio of 17.61 and a beta of 1.50. The stock has a 50-day moving average of $23.87 and a 200 day moving average of $21.48. Owens-Illinois has a 1-year low of $16.80 and a 1-year high of $25.02.

Owens-Illinois (NYSE:OI) last released its quarterly earnings results on Monday, July 31st. The industrial products company reported $0.75 EPS for the quarter, topping the consensus estimate of $0.67 by $0.08. The business had revenue of $1.75 billion during the quarter, compared to analyst estimates of $1.77 billion. Owens-Illinois had a net margin of 3.36% and a return on equity of 72.15%. The company’s quarterly revenue was down .5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.65 earnings per share. On average, equities analysts expect that Owens-Illinois will post $2.62 EPS for the current year.

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A number of large investors have recently modified their holdings of the stock. Vanguard Group Inc. increased its position in shares of Owens-Illinois by 7.5% in the first quarter. Vanguard Group Inc. now owns 16,401,514 shares of the industrial products company’s stock worth $334,263,000 after buying an additional 1,139,389 shares during the period. BlackRock Inc. increased its position in shares of Owens-Illinois by 16,329.5% in the first quarter. BlackRock Inc. now owns 14,655,477 shares of the industrial products company’s stock worth $298,679,000 after buying an additional 14,566,275 shares during the period. Great West Life Assurance Co. Can increased its position in shares of Owens-Illinois by 1.6% in the second quarter. Great West Life Assurance Co. Can now owns 7,939,045 shares of the industrial products company’s stock worth $189,411,000 after buying an additional 125,665 shares during the period. State Street Corp increased its position in shares of Owens-Illinois by 4.9% in the first quarter. State Street Corp now owns 7,353,692 shares of the industrial products company’s stock worth $149,869,000 after buying an additional 343,321 shares during the period. Finally, Prudential Financial Inc. increased its position in shares of Owens-Illinois by 33.6% in the first quarter. Prudential Financial Inc. now owns 3,776,681 shares of the industrial products company’s stock worth $76,969,000 after buying an additional 949,286 shares during the period. 95.29% of the stock is owned by institutional investors.

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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