2 weeks Ago By Defense World Staff
O-I Glass, Inc. ( NYSE:OI – Get Free Report ) has been given a consensus recommendation of “Moderate Buy” by the eight brokerages that are covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating on the company.
The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $16.25. OI has been the subject of a number of research analyst reports.
Wells Fargo & Company lowered their price objective on shares of O-I Glass from $19.00 to $18.00 and set an “overweight” rating for the company in a research report on Wednesday, July 17th.
Robert W. Baird dropped their price target on O-I Glass from $22.00 to $18.
00 and set an “outperform” rating for the company in a research note on Thursday, August 1st. Bank of America raised O-I Glass from a “neutral” rating to a “buy” rating and raised their price objective for the company from $14.00 to $16.
00 in a report on Thursday, October 17th. UBS Group lowered their target price on O-I Glass from $26.00 to $18.
00 and set a “buy” rating for the company in a report on Wednesday, July 17th. Finally, Truist Financial reissued a “buy” rating and set a $16.00 price target (down from $17.
00) on shares of O-I Glass in a research note on Thursday, August 1st. Check Out Our Latest Report on OI Institutional Trading of O-I Glass O-I Glass Stock Performance OI opened at $11.95 on Wednesday.
The firm has a market cap of $1.85 billion, a P/E ratio of -4.33 and a beta of 1.
20. 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 quick ratio of 0.
77 and a current ratio of 1.23. The business’s fifty day moving average is $12.
61 and its 200-day moving average is $12.35. O-I Glass ( NYSE:OI – Get Free Report ) last issued its earnings results on Tuesday, October 29th.
The industrial products company reported ($0.04) EPS for the quarter, missing the consensus estimate of $0.04 by ($0.
08). The firm had revenue of $1.68 billion during the quarter, compared to analyst estimates 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 previous year, the firm posted $0.80 earnings per share. Sell-side analysts expect that O-I Glass will post 0.
75 EPS for the current fiscal year. About O-I Glass ( Get Free Report 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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