Owens-Illinois, Inc. (OI) Given Average Rating of “Hold” by Brokerages

Owens-Illinois, Inc. (NYSE:OI) has been assigned a consensus recommendation of “Hold” from the fifteen ratings firms that are presently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating, two have given a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $26.40.

OI has been the subject of several research analyst reports. Zacks Investment Research upgraded shares of Owens-Illinois from a “sell” rating to a “hold” rating in a research report on Wednesday, October 25th. Robert W. Baird restated a “hold” rating and issued a $25.00 price objective on shares of Owens-Illinois in a research report on Friday, September 1st. TheStreet cut shares of Owens-Illinois from a “b” rating to a “c+” rating in a research report on Wednesday, October 25th. Royal Bank Of Canada restated a “hold” rating and issued a $25.00 price objective on shares of Owens-Illinois in a research report on Wednesday, September 6th. Finally, UBS AG initiated coverage on shares of Owens-Illinois in a research report on Tuesday, September 5th. They issued a “neutral” rating and a $26.00 price objective for the company.

In related news, SVP Moyano Giancarlo Currarino sold 1,360 shares of the company’s stock in a transaction on Friday, September 8th. The shares were sold at an average price of $23.97, for a total value of $32,599.20. Following the completion of the transaction, the senior vice president now directly owns 23,954 shares of the company’s stock, valued at approximately $574,177.38. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Sergio B.O. Galindo sold 5,477 shares of the company’s stock in a transaction on Friday, September 1st. The stock was sold at an average price of $24.93, for a total transaction of $136,541.61. Following the completion of the transaction, the insider now directly owns 34,890 shares of the company’s stock, valued at $869,807.70. The disclosure for this sale can be found here. Insiders sold a total of 10,337 shares of company stock valued at $252,651 in the last three months. 1.50% of the stock is owned by company insiders.

Institutional investors have recently bought and sold shares of the company. DekaBank Deutsche Girozentrale boosted its stake in shares of Owens-Illinois by 104.3% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 4,635 shares of the industrial products company’s stock worth $110,000 after buying an additional 2,366 shares during the last quarter. Acadian Asset Management LLC acquired a new position in shares of Owens-Illinois during the 2nd quarter worth about $113,000. Acrospire Investment Management LLC boosted its stake in shares of Owens-Illinois by 163.8% during the 2nd quarter. Acrospire Investment Management LLC now owns 6,714 shares of the industrial products company’s stock worth $161,000 after buying an additional 4,169 shares during the last quarter. Flinton Capital Management LLC boosted its stake in shares of Owens-Illinois by 74.4% during the 2nd quarter. Flinton Capital Management LLC now owns 7,200 shares of the industrial products company’s stock worth $172,000 after buying an additional 3,072 shares during the last quarter. Finally, Sei Investments Co. boosted its stake in shares of Owens-Illinois by 61.2% during the 3rd quarter. Sei Investments Co. now owns 7,376 shares of the industrial products company’s stock worth $186,000 after buying an additional 2,799 shares during the last quarter. Institutional investors own 95.95% of the company’s stock.

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Shares of Owens-Illinois (NYSE OI) traded down $0.04 on Monday, hitting $23.16. The stock had a trading volume of 1,620,000 shares, compared to its average volume of 1,270,000. The firm has a market cap of $3,770.00, a P/E ratio of 8.88, a P/E/G ratio of 1.20 and a beta of 1.53. The company has a quick ratio of 0.74, a current ratio of 1.23 and a debt-to-equity ratio of 5.73. Owens-Illinois has a fifty-two week low of $17.31 and a fifty-two week high of $25.90.

Owens-Illinois (NYSE:OI) last announced its earnings results on Monday, October 23rd. The industrial products company reported $0.77 EPS for the quarter, topping the consensus estimate of $0.73 by $0.04. The business had revenue of $1.80 billion for the quarter, compared to the consensus estimate of $1.77 billion. Owens-Illinois had a return on equity of 63.33% and a net margin of 3.59%. Owens-Illinois’s revenue was up 5.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.68 EPS. sell-side analysts anticipate that Owens-Illinois will post 2.64 EPS for the current fiscal year.

Owens-Illinois Company Profile

Owens-Illinois, Inc is a manufacturer of glass container products. The Company’s principal product lines are glass containers for the food and beverage industries. The Company’s segments include Europe, North America, Latin America and Asia Pacific. The Company produces glass containers for alcoholic beverages, including beer, flavored malt beverages, spirits and wine.

Analyst Recommendations for Owens-Illinois (NYSE:OI)

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