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

O-I Glass, Inc. (NYSE:OI - Get Free Report) has earned an average rating of "Moderate Buy" from the eight analysts that are presently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $16.25.

Several equities analysts have recently weighed in on OI shares. Barclays reduced their price target on O-I Glass from $14.00 to $13.00 and set an "equal weight" rating for the company in a report on Thursday, October 31st. Royal Bank of Canada lowered their price target on O-I Glass from $18.00 to $16.00 and set an "outperform" rating on the stock in a report on Friday, November 1st. StockNews.com raised shares of O-I Glass from a "sell" rating to a "hold" rating in a report on Tuesday, November 12th. Citigroup lifted their target price on O-I Glass from $14.00 to $15.00 and gave the company a "neutral" rating in a research report on Wednesday, October 2nd. Finally, Bank of America raised shares of O-I Glass from a "neutral" rating to a "buy" rating and increased their target price for the stock from $14.00 to $16.00 in a report on Thursday, October 17th.

O-I Glass Trading Down 0.7 %

O-I Glass stock traded down $0.09 during trading hours on Friday, reaching $12.60. The stock had a trading volume of 930,256 shares, compared to its average volume of 1,379,164. O-I Glass has a 52 week low of $10.08 and a 52 week high of $17.58. The company has a debt-to-equity ratio of 3.18, a current ratio of 1.23 and a quick ratio of 0.77. The company has a fifty day simple moving average of $12.69 and a 200-day simple moving average of $12.21.

O-I Glass (NYSE:OI - Get Free Report) last announced its quarterly earnings results on Tuesday, October 29th. The industrial products company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.08). The company had revenue of $1.68 billion for the quarter, compared to analysts' expectations of $1.76 billion. O-I Glass had a negative net margin of 6.34% and a positive return on equity of 9.16%. O-I Glass's quarterly revenue was down 3.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.80 EPS. As a group, sell-side analysts anticipate that O-I Glass will post 0.76 earnings per share for the current fiscal year.

Institutional Trading of O-I Glass

A number of institutional investors have recently bought and sold shares of the stock. Harbor Capital Advisors Inc. purchased a new position in shares of O-I Glass during the third quarter worth $27,000. Newbridge Financial Services Group Inc. raised 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 valued at $32,000 after buying an additional 2,675 shares during the last quarter. GAMMA Investing LLC lifted 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 buying an additional 1,892 shares during the period. Nisa Investment Advisors LLC boosted its stake in shares of O-I Glass by 28.4% in the third quarter. Nisa Investment Advisors LLC now owns 5,136 shares of the industrial products company's stock worth $67,000 after buying an additional 1,136 shares during the last quarter. Finally, KBC Group NV grew its holdings in O-I Glass by 38.9% during the third quarter. KBC Group NV now owns 5,431 shares of the industrial products company's stock worth $71,000 after acquiring an additional 1,521 shares during the period. 97.24% of the stock is currently owned by institutional investors and hedge funds.

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.