Analysts Set O-I Glass, Inc. (NYSE:OI) Price Target at $16.89

Shares of O-I Glass, Inc. (NYSE:OI - Get Free Report) have earned an average recommendation of "Moderate Buy" from the nine ratings firms that are covering the firm, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average twelve-month price target among brokers that have covered the stock in the last year is $16.89.

OI has been the topic of a number of analyst reports. StockNews.com raised O-I Glass from a "sell" rating to a "hold" rating in a research note on Thursday, August 1st. Robert W. Baird cut their price target on shares of O-I Glass from $22.00 to $18.00 and set an "outperform" rating on the stock in a report on Thursday, August 1st. Barclays lowered their price objective on shares of O-I Glass from $15.00 to $14.00 and set an "equal weight" rating for the company in a research note on Thursday, August 1st. UBS Group reduced their price target on O-I Glass from $26.00 to $18.00 and set a "buy" rating on the stock in a report on Wednesday, July 17th. Finally, Wells Fargo & Company dropped their price objective on O-I Glass from $19.00 to $18.00 and set an "overweight" rating for the company in a report on Wednesday, July 17th.

Insider Transactions at O-I Glass

In related news, Director John Humphrey purchased 15,000 shares of the firm's stock in a transaction that occurred on Tuesday, August 6th. The shares were bought at an average price of $11.30 per share, for a total transaction of $169,500.00. Following the acquisition, the director now owns 84,227 shares of the company's stock, valued at approximately $951,765.10. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 1.49% of the company's stock.

Institutional Trading of O-I Glass

Institutional investors and hedge funds have recently made changes to their positions in the company. Fidelis Capital Partners LLC purchased a new position in O-I Glass in the first quarter valued at about $33,000. TFO Wealth Partners LLC increased its position in shares of O-I Glass by 24,311.1% during the fourth quarter. TFO Wealth Partners LLC now owns 2,197 shares of the industrial products company's stock worth $36,000 after purchasing an additional 2,188 shares in the last quarter. FinTrust Capital Advisors LLC purchased a new stake in O-I Glass in the first quarter valued at about $38,000. Headlands Technologies LLC acquired a new stake in O-I Glass in the 1st quarter worth approximately $39,000. Finally, International Assets Investment Management LLC raised its holdings in shares of O-I Glass by 1,538.0% in the fourth quarter. International Assets Investment Management LLC now owns 4,095 shares of the industrial products company's stock worth $67,000 after buying an additional 3,845 shares during the last quarter. 97.24% of the stock is currently owned by institutional investors.

O-I Glass Price Performance

Shares of NYSE:OI traded up $0.46 on Friday, hitting $12.78. The company's stock had a trading volume of 970,319 shares, compared to its average volume of 1,784,426. O-I Glass has a 1 year low of $10.08 and a 1 year high of $20.29. The company has a debt-to-equity ratio of 2.85, a current ratio of 1.26 and a quick ratio of 0.75. The company has a market capitalization of $1.99 billion, a PE ratio of -8.04, a PEG ratio of 1.77 and a beta of 1.24. The company has a 50-day simple moving average of $11.43 and a 200 day simple moving average of $13.66.

O-I Glass (NYSE:OI - Get Free Report) last posted its quarterly earnings data on Tuesday, July 30th. The industrial products company reported $0.44 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.43 by $0.01. The firm had revenue of $1.73 billion during the quarter, compared to analysts' expectations of $1.77 billion. O-I Glass had a positive return on equity of 15.64% and a negative net margin of 4.32%. The company's revenue for the quarter was down 8.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.88 EPS. Sell-side analysts forecast that O-I Glass will post 1.13 EPS for the current fiscal year.

O-I Glass Company Profile

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.