O-I Glass, Inc. (NYSE:OI) Given Consensus Recommendation of "Moderate Buy" by Brokerages

O-I Glass, Inc. (NYSE:OI - Get Free Report) has been given an average recommendation of "Moderate Buy" by the eight ratings firms that are presently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12 month price objective among analysts that have covered the stock in the last year is $15.38.

A number of analysts have recently weighed in on OI shares. Royal Bank of Canada dropped their target price on shares of O-I Glass from $18.00 to $16.00 and set an "outperform" rating for the company in a report on Friday, November 1st. Bank of America increased their price objective on O-I Glass from $14.00 to $15.00 and gave the stock a "buy" rating in a report on Monday, January 6th. Citigroup dropped their target price on shares of O-I Glass from $12.00 to $11.00 and set a "neutral" rating on the stock in a report on Monday, January 6th. StockNews.com upgraded shares of O-I Glass from a "sell" rating to a "hold" rating in a research note on Tuesday, November 12th. Finally, Barclays dropped their price objective on shares of O-I Glass from $14.00 to $13.00 and set an "equal weight" rating on the stock in a research note on Thursday, October 31st.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Harbor Capital Advisors Inc. purchased a new stake in shares of O-I Glass in the 3rd quarter worth about $27,000. GAMMA Investing LLC raised its holdings in 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 acquiring an additional 1,892 shares during the last quarter. Newbridge Financial Services Group Inc. lifted its stake in shares of O-I Glass by 1,337.5% during the 2nd 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. Nisa Investment Advisors LLC boosted its holdings in shares of O-I Glass by 28.4% during the third quarter. Nisa Investment Advisors LLC now owns 5,136 shares of the industrial products company's stock worth $67,000 after purchasing an additional 1,136 shares during the last quarter. Finally, KBC Group NV grew its position in shares of O-I Glass by 38.9% in the third quarter. KBC Group NV now owns 5,431 shares of the industrial products company's stock valued at $71,000 after purchasing 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 Stock Up 0.8 %

NYSE OI traded up $0.09 during trading hours on Monday, hitting $10.43. The company's stock had a trading volume of 736,181 shares, compared to its average volume of 1,433,179. The company has a market capitalization of $1.61 billion, a PE ratio of -3.78 and a beta of 1.21. The company has a current ratio of 1.23, a quick ratio of 0.77 and a debt-to-equity ratio of 3.18. O-I Glass has a 52 week low of $9.85 and a 52 week high of $17.58. The company's 50-day simple moving average is $11.45 and its two-hundred day simple moving average is $11.94.

O-I Glass (NYSE:OI - Get Free Report) last announced its quarterly earnings data on Tuesday, October 29th. The industrial products company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.04 by ($0.08). The firm had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.76 billion. O-I Glass had a negative net margin of 6.34% and a positive return on equity of 9.16%. The company's revenue was down 3.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.80 earnings per share. Research analysts anticipate that O-I Glass will post 0.75 EPS for the current fiscal year.

About O-I Glass

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.