O-I Glass, Inc. (NYSE:OI - Get Free Report) has received an average rating of "Moderate Buy" from the eight analysts that are presently covering the firm, MarketBeat.com reports. Three analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $16.25.
A number of equities analysts have weighed in on OI shares. Barclays lowered their price target on O-I Glass from $15.00 to $14.00 and set an "equal weight" rating on the stock in a research report on Thursday, August 1st. StockNews.com raised shares of O-I Glass from a "sell" rating to a "hold" rating in a research report on Thursday, August 1st. Royal Bank of Canada decreased their price target on shares of O-I Glass from $20.00 to $18.00 and set an "outperform" rating on the stock in a research note on Monday, August 5th. UBS Group decreased their target price on shares of O-I Glass from $26.00 to $18.00 and set a "buy" rating on the stock in a research report on Wednesday, July 17th. Finally, Wells Fargo & Company dropped their price target on O-I Glass from $19.00 to $18.00 and set an "overweight" rating for the company in a research note on Wednesday, July 17th.
Check Out Our Latest Analysis on OI
O-I Glass Stock Up 0.0 %
Shares of NYSE OI traded up $0.01 during mid-day trading on Tuesday, reaching $12.93. 1,347,024 shares of the company's stock were exchanged, compared to its average volume of 1,737,097. The company has a current ratio of 1.26, a quick ratio of 0.75 and a debt-to-equity ratio of 2.85. The business has a fifty day simple moving average of $11.93 and a 200 day simple moving average of $13.18. O-I Glass has a twelve month low of $10.08 and a twelve month high of $18.50. The firm has a market capitalization of $2.01 billion, a price-to-earnings ratio of -8.13, a PEG ratio of 1.72 and a beta of 1.17.
O-I Glass (NYSE:OI - Get Free Report) last released its earnings results on Tuesday, July 30th. The industrial products company reported $0.44 earnings per share for the quarter, beating analysts' consensus estimates of $0.43 by $0.01. O-I Glass had a negative net margin of 4.32% and a positive return on equity of 15.64%. The business had revenue of $1.73 billion during the quarter, compared to the consensus estimate of $1.77 billion. During the same quarter last year, the firm earned $0.88 earnings per share. The firm's revenue for the quarter was down 8.5% compared to the same quarter last year. As a group, equities analysts expect that O-I Glass will post 1.13 EPS for the current fiscal year.
Insider Buying and Selling at O-I Glass
In other news, Director John Humphrey purchased 15,000 shares of the stock in a transaction on Tuesday, August 6th. The stock was purchased 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 in the company, valued at $951,765.10. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 1.49% of the company's stock.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in shares of O-I Glass by 1.2% in the 1st quarter. Vanguard Group Inc. now owns 19,362,262 shares of the industrial products company's stock worth $321,220,000 after acquiring an additional 221,823 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of O-I Glass by 8.8% during the second quarter. Dimensional Fund Advisors LP now owns 7,093,723 shares of the industrial products company's stock valued at $78,952,000 after buying an additional 573,300 shares during the last quarter. Levin Capital Strategies L.P. raised its position in O-I Glass by 25.0% in the 2nd quarter. Levin Capital Strategies L.P. now owns 3,511,413 shares of the industrial products company's stock valued at $39,082,000 after buying an additional 703,308 shares during the last quarter. Private Management Group Inc. boosted its holdings in O-I Glass by 21.3% during the 2nd quarter. Private Management Group Inc. now owns 2,505,279 shares of the industrial products company's stock worth $27,884,000 after acquiring an additional 439,838 shares during the last quarter. Finally, Millennium Management LLC grew its stake in shares of O-I Glass by 27.5% in the 2nd quarter. Millennium Management LLC now owns 1,965,426 shares of the industrial products company's stock worth $21,875,000 after acquiring an additional 424,102 shares in the last quarter. Institutional investors own 97.24% of the company's stock.
O-I Glass Company Profile
(
Get Free ReportO-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.
Further Reading
Before you consider O-I Glass, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and O-I Glass wasn't on the list.
While O-I Glass currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Click the link to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
