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

O-I Glass, Inc. (NYSE:OI – Get Rating) has been assigned a consensus recommendation of “Moderate Buy” from the twelve brokerages that are currently covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, one has given a hold recommendation and seven have issued a buy recommendation on the company. The average 12 month price target among brokerages that have covered the stock in the last year is $23.40.

OI has been the subject of a number of research analyst reports. Citigroup increased their target price on O-I Glass from $22.00 to $25.00 and gave the company a “buy” rating in a report on Friday, February 3rd. Wells Fargo & Company upped their price target on shares of O-I Glass from $24.00 to $27.00 and gave the stock an “overweight” rating in a research note on Thursday, February 2nd. Deutsche Bank Aktiengesellschaft upped their price target on shares of O-I Glass from $18.00 to $24.00 and gave the stock a “hold” rating in a research note on Thursday, February 2nd. Robert W. Baird upped their price target on shares of O-I Glass from $24.00 to $26.00 and gave the stock an “outperform” rating in a research note on Thursday, February 2nd. Finally, StockNews.com initiated coverage on shares of O-I Glass in a research note on Thursday. They issued a “buy” rating on the stock.

Insiders Place Their Bets

In other news, SVP Arnaud Aujouannet sold 2,510 shares of the firm’s stock in a transaction dated Tuesday, February 7th. The stock was sold at an average price of $22.33, for a total value of $56,048.30. Following the sale, the senior vice president now directly owns 55,368 shares of the company’s stock, valued at $1,236,367.44. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, SVP Arnaud Aujouannet sold 2,510 shares of the firm’s stock in a transaction dated Tuesday, February 7th. The stock was sold at an average price of $22.33, for a total value of $56,048.30. Following the sale, the senior vice president now directly owns 55,368 shares of the company’s stock, valued at $1,236,367.44. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Vitaliano Torno sold 17,299 shares of the firm’s stock in a transaction dated Tuesday, February 7th. The shares were sold at an average price of $22.22, for a total value of $384,383.78. Following the completion of the sale, the insider now directly owns 158,010 shares in the company, valued at $3,510,982.20. The disclosure for this sale can be found here. Company insiders own 1.34% of the company’s stock.

Institutional Investors Weigh In On O-I Glass

Several hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its stake in shares of O-I Glass by 1.5% in the third quarter. Vanguard Group Inc. now owns 19,597,610 shares of the industrial products company’s stock valued at $253,789,000 after buying an additional 291,640 shares during the period. State Street Corp lifted its stake in shares of O-I Glass by 0.9% in the third quarter. State Street Corp now owns 5,841,163 shares of the industrial products company’s stock valued at $75,643,000 after buying an additional 54,511 shares during the period. Great West Life Assurance Co. Can bought a new stake in shares of O-I Glass in the third quarter valued at about $70,013,000. Dimensional Fund Advisors LP lifted its stake in shares of O-I Glass by 13.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,854,673 shares of the industrial products company’s stock valued at $63,873,000 after buying an additional 465,410 shares during the period. Finally, Levin Capital Strategies L.P. lifted its stake in shares of O-I Glass by 91.9% in the third quarter. Levin Capital Strategies L.P. now owns 3,376,203 shares of the industrial products company’s stock valued at $43,722,000 after buying an additional 1,616,942 shares during the period. Institutional investors own 93.60% of the company’s stock.

O-I Glass Price Performance

Shares of NYSE:OI opened at $21.75 on Friday. O-I Glass has a one year low of $11.60 and a one year high of $23.52. The stock has a fifty day moving average of $20.99 and a 200-day moving average of $17.36. The company has a market capitalization of $3.36 billion, a PE ratio of 5.93, a price-to-earnings-growth ratio of 1.17 and a beta of 1.36. The company has a debt-to-equity ratio of 2.86, a quick ratio of 0.74 and a current ratio of 1.10.

O-I Glass (NYSE:OI – Get Rating) last released its earnings results on Tuesday, January 31st. The industrial products company reported $0.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.06. The company had revenue of $1.70 billion during the quarter, compared to analyst estimates of $1.59 billion. O-I Glass had a return on equity of 27.42% and a net margin of 8.52%. The company’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.36 earnings per share. As a group, equities analysts anticipate that O-I Glass will post 2.5 EPS for the current fiscal year.

About O-I Glass

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O-I Glass, Inc engages in manufacturing of glass products. It offers products to the food and beverage sectors. The firm operates through the following geographical segments: Americas, Europe, and Asia Pacific. The company was founded in 1929 and is headquartered in Perrysburg, OH.