Shares of O-I Glass, Inc. (NYSE:OI - Get Free Report) have received an average recommendation of "Moderate Buy" from the eight ratings firms that are currently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $15.38.
A number of analysts have weighed in on OI shares. Wells Fargo & Company lowered their target price on O-I Glass from $18.00 to $16.00 and set an "overweight" rating for the company in a report on Monday, January 6th. StockNews.com upgraded O-I Glass from a "sell" rating to a "hold" rating in a report on Tuesday, November 12th. Bank of America increased their price objective on O-I Glass from $14.00 to $15.00 and gave the company a "buy" rating in a report on Monday, January 6th. Finally, Citigroup reduced their target price on O-I Glass from $12.00 to $11.00 and set a "neutral" rating for the company in a research note on Monday, January 6th.
View Our Latest Research Report on O-I Glass
OI opened at $11.34 on Tuesday. O-I Glass has a one year low of $9.85 and a one year high of $17.58. The stock has a market cap of $1.75 billion, a price-to-earnings ratio of -15.97, a P/E/G ratio of 0.24 and a beta of 1.20. The stock's 50 day moving average price is $11.17 and its 200-day moving average price is $11.92. The company has a debt-to-equity ratio of 3.78, a quick ratio of 0.70 and a current ratio of 1.15.
O-I Glass (NYSE:OI - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The industrial products company reported ($0.05) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.07) by $0.02. O-I Glass had a positive return on equity of 8.27% and a negative net margin of 1.62%. On average, equities analysts forecast that O-I Glass will post 1.33 EPS for the current year.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in OI. JPMorgan Chase & Co. grew its position in shares of O-I Glass by 18.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 619,643 shares of the industrial products company's stock valued at $8,130,000 after acquiring an additional 94,671 shares during the period. Highland Peak Capital LLC purchased a new position in O-I Glass in the 3rd quarter valued at about $27,132,000. Barclays PLC lifted its stake in O-I Glass by 349.3% in the 3rd quarter. Barclays PLC now owns 261,161 shares of the industrial products company's stock valued at $3,427,000 after buying an additional 203,037 shares in the last quarter. Maverick Capital Ltd. purchased a new position in O-I Glass in the 3rd quarter valued at about $1,264,000. Finally, Segall Bryant & Hamill LLC purchased a new position in O-I Glass in the 3rd quarter valued at about $32,350,000. 97.24% of the stock is owned by institutional investors and hedge funds.
O-I Glass, Inc, through its subsidiaries, engages in the manufacture and sale of glass containers to food and beverage manufacturers primarily in the Americas, Europe, and internationally. The company produces glass containers for alcoholic beverages, including beer, flavored malt beverages, spirits, and wine.
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