O-I Glass, Inc. (NYSE:OI) Receives Consensus Rating of “Hold” from Analysts

Shares of O-I Glass, Inc. (NYSE:OIGet Rating) have received an average rating of “Hold” from the thirteen brokerages that are currently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, four have given a hold recommendation and five have given a buy recommendation to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $16.00.

OI has been the subject of a number of analyst reports. Barclays boosted their price target on O-I Glass from $14.00 to $15.00 in a research note on Monday, May 2nd. Bank of America downgraded O-I Glass from a “buy” rating to a “neutral” rating and set a $14.00 price target for the company. in a research note on Thursday, April 14th. Citigroup dropped their price target on O-I Glass from $16.00 to $14.00 in a research note on Friday, April 8th. StockNews.com raised O-I Glass from a “hold” rating to a “buy” rating in a research note on Friday, May 6th. Finally, Credit Suisse Group initiated coverage on O-I Glass in a research report on Friday, January 28th. They issued an “outperform” rating and a $18.00 target price on the stock.

Large investors have recently added to or reduced their stakes in the company. Wedge Capital Management L L P NC boosted its holdings in O-I Glass by 24.7% in the fourth quarter. Wedge Capital Management L L P NC now owns 13,755 shares of the industrial products company’s stock valued at $165,000 after acquiring an additional 2,723 shares during the last quarter. Whitebox Advisors LLC boosted its holdings in O-I Glass by 158.7% in the third quarter. Whitebox Advisors LLC now owns 138,512 shares of the industrial products company’s stock valued at $1,977,000 after acquiring an additional 84,965 shares during the last quarter. AlphaCrest Capital Management LLC boosted its holdings in O-I Glass by 112.8% in the fourth quarter. AlphaCrest Capital Management LLC now owns 110,574 shares of the industrial products company’s stock valued at $1,330,000 after acquiring an additional 58,624 shares during the last quarter. Advisor Group Holdings Inc. boosted its holdings in O-I Glass by 127.0% in the third quarter. Advisor Group Holdings Inc. now owns 24,038 shares of the industrial products company’s stock valued at $351,000 after acquiring an additional 13,449 shares during the last quarter. Finally, Campbell & CO Investment Adviser LLC bought a new stake in O-I Glass in the fourth quarter valued at approximately $433,000. Institutional investors own 91.04% of the company’s stock.

Shares of O-I Glass stock opened at $14.12 on Friday. O-I Glass has a 1 year low of $10.64 and a 1 year high of $19.46. The company has a debt-to-equity ratio of 4.19, a current ratio of 1.42 and a quick ratio of 0.94. The company has a market capitalization of $2.21 billion, a price-to-earnings ratio of 6.79, a P/E/G ratio of 1.00 and a beta of 1.46. The business has a fifty day simple moving average of $13.25 and a two-hundred day simple moving average of $12.78.

O-I Glass (NYSE:OIGet Rating) last posted its earnings results on Monday, April 25th. The industrial products company reported $0.56 earnings per share for the quarter, topping analysts’ consensus estimates of $0.39 by $0.17. O-I Glass had a return on equity of 43.72% and a net margin of 5.10%. The company had revenue of $1.70 billion during the quarter, compared to the consensus estimate of $1.54 billion. During the same quarter last year, the firm earned $0.35 earnings per share. The company’s revenue was up 13.3% on a year-over-year basis. As a group, equities analysts anticipate that O-I Glass will post 2.04 earnings per share for the current fiscal year.

About O-I Glass (Get Rating)

O-I Glass, Inc, through its subsidiaries, manufactures and sells glass containers to food and beverage manufacturers primarily in the Americas, Europe, and the Asia Pacific. The company produces glass containers for alcoholic beverages, including beer, flavored malt beverages, spirits, and wine. It is also involved in the production of glass packaging for various food items, soft drinks, tea, juices, and pharmaceuticals.

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