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

O-I Glass, Inc. (NYSE:OI) has received an average recommendation of “Moderate Buy” from the eight analysts that are covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $15.38.

Several research analysts have weighed in on the stock. StockNews.com raised shares of O-I Glass from a “sell” rating to a “hold” rating in a report on Tuesday, November 12th. Bank of America increased their target price on O-I Glass from $14.00 to $15.00 and gave the stock a “buy” rating in a research note on Monday, January 6th. Citigroup reduced their price target on O-I Glass from $12.00 to $11.00 and set a “neutral” rating for the company in a research note on Monday, January 6th. Barclays decreased their price objective on O-I Glass from $14.00 to $13.00 and set an “equal weight” rating on the stock in a report on Thursday, October 31st. Finally, Wells Fargo & Company dropped their target price on O-I Glass from $18.00 to $16.00 and set an “overweight” rating for the company in a report on Monday, January 6th.

O-I Glass Stock Up 4.7 %

OI stock opened at $11.79 on Friday. O-I Glass has a 1-year low of $9.85 and a 1-year high of $17.58. The business’s 50 day simple moving average is $10.96 and its 200 day simple moving average is $11.95. The company has a current ratio of 1.15, a quick ratio of 0.70 and a debt-to-equity ratio of 3.78. The firm has a market capitalization of $1.82 billion, a PE ratio of -16.60, a PEG ratio of 0.24 and a beta of 1.22.

O-I Glass (NYSE:OI) last released its quarterly earnings data on Tuesday, February 4th. The industrial products company reported ($0.05) EPS for the quarter, beating the consensus estimate of ($0.07) by $0.02. O-I Glass had a negative net margin of 1.62% and a positive return on equity of 8.27%. As a group, research analysts anticipate that O-I Glass will post 1.36 EPS for the current year.

Institutional Trading of O-I Glass

Several large investors have recently modified their holdings of the stock. Everence Capital Management Inc. raised its stake in O-I Glass by 6.1% in the third quarter. Everence Capital Management Inc. now owns 15,550 shares of the industrial products company’s stock valued at $204,000 after purchasing an additional 890 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp increased its holdings in O-I Glass by 2.2% in the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 42,900 shares of the industrial products company’s stock valued at $465,000 after buying an additional 916 shares during the period. Nisa Investment Advisors LLC raised its position in shares of O-I Glass by 28.4% in the 3rd quarter. Nisa Investment Advisors LLC now owns 5,136 shares of the industrial products company’s stock valued at $67,000 after buying an additional 1,136 shares in the last quarter. Baird Financial Group Inc. lifted its holdings in shares of O-I Glass by 9.6% during the 4th quarter. Baird Financial Group Inc. now owns 16,152 shares of the industrial products company’s stock worth $175,000 after acquiring an additional 1,410 shares during the period. Finally, KBC Group NV lifted its holdings in shares of O-I Glass by 38.9% during the 3rd quarter. KBC Group NV now owns 5,431 shares of the industrial products company’s stock worth $71,000 after acquiring an additional 1,521 shares during the period. 97.24% of the stock is owned by institutional investors and hedge funds.

O-I Glass Company Profile

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.