O-I Glass (NYSE:OI - Free Report) had its price target raised by Bank of America from $14.00 to $15.00 in a research report released on Monday,Benzinga reports. They currently have a buy rating on the industrial products company's stock.
A number of other equities research analysts have also recently weighed in on OI. Barclays lowered their price target on O-I Glass from $14.00 to $13.00 and set an "equal weight" rating on the stock in a report on Thursday, October 31st. Wells Fargo & Company lowered their target price on O-I Glass from $18.00 to $16.00 and set an "overweight" rating on the stock in a report on Monday. Citigroup lifted their price target on O-I Glass from $14.00 to $15.00 and gave the stock a "neutral" rating in a research note on Wednesday, October 2nd. Royal Bank of Canada decreased their price objective on shares of O-I Glass from $18.00 to $16.00 and set an "outperform" rating on the stock in a research report on Friday, November 1st. Finally, StockNews.com upgraded shares of O-I Glass from a "sell" rating to a "hold" rating in a research report on Tuesday, November 12th. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $15.38.
View Our Latest Research Report on OI
O-I Glass Price Performance
Shares of O-I Glass stock traded up $0.39 during trading on Monday, reaching $10.96. The company's stock had a trading volume of 1,321,901 shares, compared to its average volume of 1,368,300. The business has a 50 day moving average price of $11.74 and a 200-day moving average price of $11.97. O-I Glass has a 12-month low of $9.85 and a 12-month high of $17.58. The company has a market capitalization of $1.69 billion, a P/E ratio of -3.97 and a beta of 1.21. The company has a quick ratio of 0.77, a current ratio of 1.23 and a debt-to-equity ratio of 3.18.
O-I Glass (NYSE:OI - Get Free Report) last posted its quarterly earnings results on Tuesday, October 29th. The industrial products company reported ($0.04) earnings per share for the quarter, missing analysts' consensus estimates of $0.04 by ($0.08). O-I Glass had a positive return on equity of 9.16% and a negative net margin of 6.34%. The company had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.76 billion. During the same period last year, the company earned $0.80 earnings per share. The business's revenue for the quarter was down 3.7% compared to the same quarter last year. As a group, sell-side analysts anticipate that O-I Glass will post 0.76 EPS for the current year.
Institutional Trading of O-I Glass
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Harbor Capital Advisors Inc. acquired a new position in shares of O-I Glass during the 3rd quarter valued at about $27,000. Newbridge Financial Services Group Inc. raised its stake in O-I Glass by 1,337.5% during the second quarter. Newbridge Financial Services Group Inc. now owns 2,875 shares of the industrial products company's stock worth $32,000 after purchasing an additional 2,675 shares during the period. GAMMA Investing LLC boosted its holdings in shares of O-I Glass by 371.0% in the 3rd quarter. GAMMA Investing LLC now owns 2,402 shares of the industrial products company's stock valued at $32,000 after purchasing an additional 1,892 shares during the last quarter. Nisa Investment Advisors LLC grew its stake in shares of O-I Glass by 28.4% during the 3rd quarter. Nisa Investment Advisors LLC now owns 5,136 shares of the industrial products company's stock valued at $67,000 after buying an additional 1,136 shares during the period. Finally, KBC Group NV grew its stake in shares of O-I Glass by 38.9% during the 3rd quarter. KBC Group NV now owns 5,431 shares of the industrial products company's stock valued at $71,000 after buying an additional 1,521 shares during the period. 97.24% of the stock is owned by hedge funds and other institutional investors.
O-I Glass Company Profile
(
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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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