BMO Capital Markets reiterated their hold rating on shares of Owens-Illinois, Inc. (NYSE:OI) in a research report released on Sunday morning. The brokerage currently has a $25.00 price objective on the industrial products company’s stock.
Other equities analysts have also recently issued research reports about the stock. TheStreet raised shares of Owens-Illinois from a c+ rating to a b rating in a report on Thursday, May 4th. BidaskClub upgraded shares of Owens-Illinois from a hold rating to a buy rating in a research note on Thursday, June 29th. ValuEngine lowered shares of Owens-Illinois from a strong-buy rating to a buy rating in a research note on Saturday, June 3rd. Zacks Investment Research upgraded shares of Owens-Illinois from a hold rating to a buy rating and set a $25.00 price target on the stock in a research note on Monday, May 29th. Finally, Barclays PLC raised their price target on shares of Owens-Illinois from $20.00 to $22.00 and gave the company an equal weight rating in a research note on Monday, May 1st. Two analysts have rated the stock with a sell rating, six have given a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of Hold and a consensus target price of $25.38.
Shares of Owens-Illinois (NYSE:OI) traded up 0.50% on Friday, hitting $24.20. The stock had a trading volume of 74,711 shares. Owens-Illinois has a 12-month low of $16.80 and a 12-month high of $25.02. The stock has a 50 day moving average price of $24.18 and a 200-day moving average price of $22.02. The company has a market cap of $3.94 billion, a price-to-earnings ratio of 17.54 and a beta of 1.50.
Owens-Illinois (NYSE:OI) last issued its earnings results on Monday, July 31st. The industrial products company reported $0.75 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.67 by $0.08. Owens-Illinois had a net margin of 3.36% and a return on equity of 72.15%. The firm had revenue of $1.75 billion for the quarter, compared to analysts’ expectations of $1.77 billion. During the same quarter last year, the company posted $0.65 earnings per share. Owens-Illinois’s revenue was down .5% on a year-over-year basis. On average, equities analysts expect that Owens-Illinois will post $2.63 earnings per share for the current year.
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Several large investors have recently made changes to their positions in OI. DekaBank Deutsche Girozentrale raised its position in Owens-Illinois by 104.3% in the second quarter. DekaBank Deutsche Girozentrale now owns 4,635 shares of the industrial products company’s stock worth $110,000 after buying an additional 2,366 shares in the last quarter. Acadian Asset Management LLC bought a new position in Owens-Illinois during the second quarter worth approximately $113,000. James Investment Research Inc. bought a new position in Owens-Illinois during the first quarter worth approximately $149,000. Acrospire Investment Management LLC raised its position 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 worth $161,000 after buying an additional 4,169 shares in the last quarter. Finally, OLD Mutual Customised Solutions Proprietary Ltd. raised its position 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 worth $165,000 after buying an additional 4,300 shares in the last quarter. Institutional investors own 95.05% 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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