Owens-Illinois (NYSE:OI) had its target price decreased by Barclays from $25.00 to $20.00 in a research note issued to investors on Wednesday. Barclays currently has an equal weight rating on the industrial products company’s stock.
Other equities analysts also recently issued reports about the company. TheStreet upgraded Owens-Illinois from a c rating to a b- rating in a research report on Monday, April 23rd. Wells Fargo & Co upgraded Owens-Illinois from an underperform rating to a market perform rating in a research report on Thursday, May 24th. Zacks Investment Research downgraded Owens-Illinois from a hold rating to a sell rating in a research report on Friday, June 22nd. ValuEngine downgraded Owens-Illinois from a hold rating to a sell rating in a research report on Wednesday, May 2nd. Finally, Robert W. Baird lowered their target price on Owens-Illinois from $27.00 to $25.00 and set a neutral rating on the stock in a research report on Wednesday, April 25th. Three analysts have rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the company’s stock. Owens-Illinois presently has an average rating of Hold and a consensus price target of $25.08.
Owens-Illinois stock opened at $16.60 on Wednesday. The stock has a market cap of $2.74 billion, a price-to-earnings ratio of 6.26, a P/E/G ratio of 1.11 and a beta of 1.38. The company has a debt-to-equity ratio of 5.04, a quick ratio of 0.82 and a current ratio of 1.33. Owens-Illinois has a 52 week low of $16.57 and a 52 week high of $25.90.
Owens-Illinois (NYSE:OI) last released its earnings results on Monday, April 23rd. The industrial products company reported $0.59 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.58 by $0.01. The company had revenue of $1.74 billion for the quarter, compared to the consensus estimate of $1.70 billion. Owens-Illinois had a return on equity of 46.76% and a net margin of 3.30%. Owens-Illinois’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.58 earnings per share. research analysts forecast that Owens-Illinois will post 2.78 earnings per share for the current year.
Large investors have recently bought and sold shares of the business. TLP Group LLC raised its holdings in Owens-Illinois by 188,750.0% during the first quarter. TLP Group LLC now owns 7,554 shares of the industrial products company’s stock valued at $164,000 after acquiring an additional 7,550 shares during the period. Tower Research Capital LLC TRC bought a new stake in Owens-Illinois during the fourth quarter valued at about $188,000. Hourglass Capital LLC bought a new stake in Owens-Illinois during the first quarter valued at about $210,000. We Are One Seven LLC bought a new stake in Owens-Illinois during the fourth quarter valued at about $221,000. Finally, Sei Investments Co. raised its holdings in Owens-Illinois by 56.3% during the first quarter. Sei Investments Co. now owns 11,665 shares of the industrial products company’s stock valued at $253,000 after acquiring an additional 4,200 shares during the period. 94.32% of the stock is currently owned by institutional investors and hedge funds.
Owens-Illinois Company Profile
Owens-Illinois, Inc, through its subsidiaries, manufactures and sells glass containers to food and beverage manufacturers primarily in Europe, North America, Latin America, and the Asia Pacific. It produces glass containers for alcoholic beverages, including beer, flavored malt beverages, spirits, and wine.
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