Owens-Illinois, Inc. (NYSE:OI)‘s stock had its “hold” rating reaffirmed by stock analysts at Royal Bank Of Canada in a research note issued to investors on Friday, July 14th. They currently have a $24.00 price target on the industrial products company’s stock. Royal Bank Of Canada’s price target would indicate a potential upside of 2.35% from the company’s previous close.
A number of other research analysts also recently weighed in on OI. Citigroup Inc. dropped their price target on Owens-Illinois from $28.00 to $24.00 and set an “underweight” rating on the stock in a research note on Friday, April 14th. BMO Capital Markets reaffirmed a “hold” rating and set a $20.00 price target on shares of Owens-Illinois in a research note on Friday, April 21st. Jefferies Group LLC reaffirmed a “hold” rating and set a $20.00 price target (up from $19.00) on shares of Owens-Illinois in a research note on Wednesday, April 26th. Deutsche Bank AG reissued a “hold” rating and set a $24.00 price objective (up from $20.00) on shares of Owens-Illinois in a report on Saturday, April 29th. Finally, Barclays PLC boosted their price objective on Owens-Illinois from $20.00 to $22.00 and gave the stock an “equal weight” rating in a report on Monday, May 1st. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $26.44.
Owens-Illinois (OI) opened at 23.45 on Friday. Owens-Illinois has a 1-year low of $16.80 and a 1-year high of $25.02. The firm has a 50-day moving average price of $24.14 and a 200 day moving average price of $21.70. The firm has a market cap of $3.82 billion, a price-to-earnings ratio of 16.99 and a beta of 1.50.
Owens-Illinois (NYSE:OI) last announced its quarterly earnings data on Monday, July 31st. The industrial products company reported $0.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.67 by $0.08. The company had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.77 billion. Owens-Illinois had a return on equity of 72.15% and a net margin of 3.36%. The firm’s revenue was down .5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.65 EPS. Equities analysts predict that Owens-Illinois will post $2.63 earnings per share for the current year.
A number of institutional investors have recently made changes to their positions in the stock. DekaBank Deutsche Girozentrale raised its position in shares of Owens-Illinois by 104.3% in the second quarter. DekaBank Deutsche Girozentrale now owns 4,635 shares of the industrial products company’s stock valued at $110,000 after buying an additional 2,366 shares during the period. Acadian Asset Management LLC bought a new stake in Owens-Illinois during the second quarter valued at about $113,000. James Investment Research Inc. bought a new stake in Owens-Illinois during the first quarter valued at about $149,000. Acrospire Investment Management LLC increased its stake in Owens-Illinois by 163.8% in the second quarter. Acrospire Investment Management LLC now owns 6,714 shares of the industrial products company’s stock valued at $161,000 after buying an additional 4,169 shares in the last quarter. Finally, OLD Mutual Customised Solutions Proprietary Ltd. increased its stake in Owens-Illinois by 113.2% in the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 8,100 shares of the industrial products company’s stock valued at $165,000 after buying an additional 4,300 shares in the last quarter. 95.29% of the stock is owned by institutional investors and hedge funds.
Owens-Illinois Company Profile
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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