News coverage about Owens-Illinois (NYSE:OI) has trended somewhat positive recently, Accern reports. Accern scores the sentiment of media coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Owens-Illinois earned a media sentiment score of 0.20 on Accern’s scale. Accern also gave news stories about the industrial products company an impact score of 45.7925901798286 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
These are some of the news stories that may have impacted Accern Sentiment’s scoring:
Several research analysts have commented on the company. Zacks Investment Research upgraded Owens-Illinois from a “hold” rating to a “buy” rating and set a $27.00 price objective on the stock in a report on Thursday, September 21st. KeyCorp restated a “hold” rating on shares of Owens-Illinois in a report on Monday, October 30th. UBS Group reiterated a “neutral” rating and issued a $27.00 price target (up from $26.00) on shares of Owens-Illinois in a report on Tuesday, October 24th. Royal Bank of Canada reiterated a “neutral” rating on shares of Owens-Illinois in a report on Tuesday, October 10th. Finally, ValuEngine downgraded Owens-Illinois from a “strong-buy” rating to a “buy” rating in a report on Friday, September 22nd. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $26.36.
Shares of Owens-Illinois (NYSE OI) traded down $0.38 on Thursday, reaching $22.12. The company’s stock had a trading volume of 1,271,200 shares, compared to its average volume of 1,307,386. The firm has a market cap of $3,610.00, a PE ratio of 14.85, a P/E/G ratio of 1.16 and a beta of 1.53. Owens-Illinois has a 12 month low of $18.39 and a 12 month high of $25.90. The company has a current ratio of 1.23, a quick ratio of 0.74 and a debt-to-equity ratio of 5.73.
Owens-Illinois (NYSE:OI) last released its quarterly earnings data on Monday, October 23rd. The industrial products company reported $0.77 earnings per share for the quarter, beating the Zacks’ 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 business had revenue of $1.80 billion during the quarter, compared to analyst estimates of $1.77 billion. During the same quarter last year, the business posted $0.68 EPS. The company’s revenue was up 5.1% on a year-over-year basis. equities research analysts predict that Owens-Illinois will post 2.64 EPS for the current fiscal year.
In other news, insider Timothy M. Connors sold 3,500 shares of the business’s stock in a transaction that occurred on Tuesday, November 7th. The stock was sold at an average price of $23.86, for a total transaction of $83,510.00. Following the transaction, the insider now directly owns 19,624 shares in the company, valued at approximately $468,228.64. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 1.50% of the company’s stock.
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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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