O-I Glass, Inc. (NYSE:OI – Get Free Report) was the recipient of some unusual options trading on Wednesday. Traders acquired 2,354 call options on the company. This is an increase of 3,039% compared to the typical daily volume of 75 call options.
Analyst Upgrades and Downgrades
A number of research analysts have recently weighed in on OI shares. Barclays lifted their price objective on O-I Glass from $16.00 to $18.00 and gave the company an “equal weight” rating in a research report on Tuesday, February 13th. Truist Financial reaffirmed a “buy” rating and issued a $20.00 price objective on shares of O-I Glass in a research note on Monday, March 25th. UBS Group began coverage on O-I Glass in a report on Tuesday, January 16th. They issued a “buy” rating and a $26.00 target price for the company. TheStreet cut O-I Glass from a “b-” rating to a “c-” rating in a report on Tuesday, February 6th. Finally, StockNews.com cut O-I Glass from a “buy” rating to a “hold” rating in a report on Thursday, February 15th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $24.00.
Get Our Latest Stock Analysis on O-I Glass
Institutional Inflows and Outflows
O-I Glass Trading Down 0.6 %
Shares of NYSE:OI opened at $15.09 on Thursday. The business’s 50-day moving average is $16.19 and its 200 day moving average is $15.66. The company has a debt-to-equity ratio of 2.69, a current ratio of 1.23 and a quick ratio of 0.77. The firm has a market capitalization of $2.35 billion, a P/E ratio of -20.12, a P/E/G ratio of 1.05 and a beta of 1.35. O-I Glass has a 1 year low of $13.56 and a 1 year high of $23.57.
O-I Glass (NYSE:OI – Get Free Report) last announced its quarterly earnings data on Tuesday, February 6th. The industrial products company reported $0.12 earnings per share for the quarter, beating analysts’ consensus estimates of $0.03 by $0.09. The business had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.63 billion. O-I Glass had a positive return on equity of 24.90% and a negative net margin of 1.45%. The company’s revenue was down 3.1% on a year-over-year basis. During the same period in the prior year, the company earned $0.38 earnings per share. On average, research analysts predict that O-I Glass will post 2.38 earnings per share 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.
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