Several brokerages have updated their recommendations and price targets on shares of Owens-Illinois (NYSE: OI) in the last few weeks:

  • 11/10/2017 – Owens-Illinois had its “hold” rating reaffirmed by analysts at KeyCorp.
  • 10/30/2017 – Owens-Illinois had its “hold” rating reaffirmed by analysts at KeyCorp.
  • 10/25/2017 – Owens-Illinois was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Owens-Illinois’ third-quarter 2017 top and bottom-line improved year-over-year and also beat the respective Zacks Consensus Estimates. The mid-point of the 2017 EPS guidance of $2.65-$2.65 reflects a year-over-year growth of 14%. The company will benefit from the extension and expansion of joint venture (JV) with Constellation Brands, Inc. This investment will allow both companies to realize attractive opportunities in Mexican beer exports to the United States. The buyout of Vitro's food and beverage business will provide a competitive edge in the attractive and growing glass segment of the packaging market in Mexico. The stock has outperformed the industry year to date. Improving conditions in Latin America and ongoing benefits from Total System Cost initiatives in Europe will help mitigate sluggish sales in North America and lower margins in Asia Pacific. Uncertainty in macroeconomic conditions and high debt levels remain headwinds.”
  • 10/25/2017 – Owens-Illinois had its price target raised by analysts at Robert W. Baird from $25.00 to $27.00. They now have a “neutral” rating on the stock.
  • 10/25/2017 – Owens-Illinois had its price target raised by analysts at Bank of America Corporation from $29.00 to $30.00. They now have a “buy” rating on the stock.
  • 10/25/2017 – Owens-Illinois was downgraded by analysts at TheStreet from a “b” rating to a “c+” rating.
  • 10/24/2017 – Owens-Illinois had its “neutral” rating reaffirmed by analysts at UBS AG. They now have a $27.00 price target on the stock, up previously from $26.00.
  • 10/17/2017 – Owens-Illinois was given a new $27.00 price target on by analysts at Royal Bank Of Canada. They now have a “hold” rating on the stock.
  • 10/13/2017 – Owens-Illinois was upgraded by analysts at ValuEngine from a “buy” rating to a “strong-buy” rating.
  • 10/12/2017 – Owens-Illinois had its “hold” rating reaffirmed by analysts at Robert W. Baird. They now have a $25.00 price target on the stock.
  • 10/10/2017 – Owens-Illinois had its “neutral” rating reaffirmed by analysts at Royal Bank Of Canada.
  • 10/3/2017 – Owens-Illinois was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “sell” rating. According to Zacks, “Owens-Illinois projects adjusted third-quarter earnings per share (EPS) to lie between 70 cents and 75 cents. The mid-point of the range reflects a year-over-year growth of 6.6%. However, higher corporate and restructuring costs, higher taxes will impact earnings in the next quarter. The mid point of the EPS guidance of $2.55-$2.65 for 2017 reflects a year–over-year growth of 12.6%. However, high debt levels and interest expenses remain a concern. Also pressure of competition from manufacturers of alternative forms of packaging, such as aluminum cans and plastic containers, persists.”
  • 9/26/2017 – Owens-Illinois was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Owens-Illinois projects adjusted third-quarter earnings per share (EPS) to lie between 70 cents and 75 cents. The mid-point of the range reflects a year-over-year growth of 6.6%. However, higher corporate and restructuring costs, higher taxes will impact earnings in the next quarter. Owens-Illinois raised EPS guidance to $2.55-$2.65 for 2017 to reflect solid operating performance, favorable currency translation and a lower tax rate. The mid-point of the range reflects a year–over-year growth of 12.6%. The company’s focus on simplifying the organization, elevating productivity, strategic initiatives and reducing the structural cost will drive growth. It is also well positioned to benefit from acquisitions and joint ventures. The stock has outperformed the industry year to date. However, higher corporate and restructuring costs will impact Owens-Illinois' earnings in the next quarter. Also, high debt levels remain a concern.”
  • 9/22/2017 – Owens-Illinois was downgraded by analysts at ValuEngine from a “strong-buy” rating to a “buy” rating.
  • 9/21/2017 – Owens-Illinois was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $27.00 price target on the stock. According to Zacks, “Owens-Illinois' fiscal 2017 earnings per share guidance of $2.55-$2.65 reflect solid operating performance in the year so far and expectations of favorable currency translation and a lower tax rate. The mid-point of the range reflects a year–over-year growth of 12.6%.  The company’s focus on simplifying the organization, elevating productivity, expanding customer relationships, strategic initiatives and reducing the structural cost will drive long-term growth. It is also well positioned to benefit from acquisitions and joint ventures. The stock has outperformed the industry year to date. Its estimates have also gone up lately.”
  • 9/19/2017 – Owens-Illinois was downgraded by analysts at Zacks Investment Research from a “strong-buy” rating to a “hold” rating. According to Zacks, “Owens-Illinois projects adjusted third-quarter earnings per share (EPS) to lie between 70 cents and 75 cents. The mid-point of the range reflects a year-over-year growth of 6.6%. However, higher corporate and restructuring costs, higher taxes will impact earnings in the next quarter. Owens-Illinois raised EPS guidance to $2.55-$2.65 for 2017 to reflect solid operating performance, favorable currency translation and a lower tax rate. The mid-point of the range reflects a year–over-year growth of 12.6%.  The company’s focus on simplifying the organization, elevating productivity, expanding customer relationships, strategic initiatives and reducing the structural cost will drive long-term growth. It is also well positioned to benefit from acquisitions and joint ventures. The stock has outperformed the industry year to date. However, the company's high debt level remains a concern.”

Owens-Illinois, Inc. (NYSE OI) traded up $0.06 on Tuesday, hitting $23.37. The stock had a trading volume of 1,150,100 shares, compared to its average volume of 1,273,725. The company has a quick ratio of 0.74, a current ratio of 1.23 and a debt-to-equity ratio of 5.73. Owens-Illinois, Inc. has a 52-week low of $17.31 and a 52-week high of $25.90. The stock has a market capitalization of $3,799.32, a PE ratio of 8.97, a PEG ratio of 1.21 and a beta of 1.53.

Owens-Illinois (NYSE:OI) last posted its earnings results on Monday, October 23rd. The industrial products company reported $0.77 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.73 by $0.04. Owens-Illinois had a return on equity of 63.33% and a net margin of 3.59%. The firm had revenue of $1.80 billion for the quarter, compared to analysts’ expectations of $1.77 billion. During the same period in the previous year, the firm earned $0.68 earnings per share. The business’s revenue was up 5.1% compared to the same quarter last year. analysts forecast that Owens-Illinois, Inc. will post 2.64 earnings per share for the current fiscal year.

In related news, SVP Moyano Giancarlo Currarino sold 1,360 shares of Owens-Illinois stock in a transaction that occurred on Friday, September 8th. The stock was sold at an average price of $23.97, for a total transaction of $32,599.20. Following the sale, the senior vice president now directly owns 23,954 shares in the company, valued at $574,177.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Sergio B.O. Galindo sold 5,477 shares of Owens-Illinois stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $24.93, for a total value of $136,541.61. Following the sale, the insider now owns 34,890 shares in the company, valued at $869,807.70. The disclosure for this sale can be found here. Insiders have sold 10,337 shares of company stock worth $252,651 over the last three months. Insiders own 1.50% of the company’s stock.

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.

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