Featured Stock Update: Owens-Illinois, Inc. (NYSE:OI)

earning reaction history

Owens-Illinois, Inc. (NYSE:OI)

Bank of America Maintains Owens-Illinois, Inc. (NYSE:OI)’s stock to Neutral with the price target of $22. This rating was issued on 7/25/18. The stock recently closed its previous session at $17.31 by showing a percentage change of -3.94% from its previous day closing price of $18.02.

Price Target is basically a projection of future price of a company’s stock by the expert analysis of investment analysts or investment firms. There may be various price targets for a stock. These analysts and investment firms use various valuation methods to decide a price target for a stock.

Several investment firms issued their expert ratings on Owens-Illinois, Inc. (NYSE:OI) in which Baird Maintains Owens-Illinois, Inc. (NYSE:OI) to Neutral by settling a price target of $21 on 7/25/18. Citigroup Maintains the stock to Buy on 7/10/18 by stationing a price target of $25. Barclays Maintains the company’s stock to Equal-Weight on 6/27/18 by setting a price target of $20. Deutsche Bank Upgrades Owens-Illinois, Inc. (NYSE:OI) to Buy with no specific Price Target.

Owens-Illinois, Inc. (NYSE:OI) currently has a consensus Price Target of $22.89. While some analysts have a High Price target for the stock of $32 and a Low Price Target of $17.5.

Several sell side analysts reviewed their recommendations on Owens-Illinois, Inc. (NYSE:OI) where 2 analyst have rated the stock as Strong Buy, 2 analysts said it’s a Buy, 9 rated the stock as Hold, 1 analysts reported Underperform and 0 analysts gave their recommendations as Sell. (Current Month Yahoo Finance Ratings)

Zacks Investment Research also rated the stock with a value of 2.56. This scale runs from 1 to 5 where 1 represents Strong Buy and 5 represents Sell.

In the last Quarter, Owens-Illinois, Inc. (NYSE:OI) reported its Actual EPS of $0.77/share. The analysts offering Earnings Estimates for the company were believing that Owens-Illinois, Inc. (NYSE:OI) could bring EPS of $0.74/share. The difference between Actual EPS and Estimated EPS was 0.03 Percent. Thus the company showed an Earnings Surprise of 4.1 Percent.

Owens-Illinois, Inc. (NYSE:OI) has a market capitalization of 2.76 Billion. The stock traded with the volume of 1.66 Million shares in the last trading session. The stock touched its high share price of $25.90 on 10/13/17 and the stock also touched its Lowest price in the last 52-weeks of trading on 06/28/18 as $16.22. The company has a 1 Year high price target of $23.04. The stock is currently trading with a distance of 20-Day Simple Moving Average (SMA20) of -9.57%. The Moving Average SMA50 is -6.01% while SMA200 is -12.58%.

Owens-Illinois, Inc. (NYSE:OI) is currently showing its ROA (Return on Assets) of 1.4%. The Return on Investment (ROI) is at 3.2% while it’s Return on Equity (ROE) value stands at 16.5%. The stock currently shows its YTD (Year to Date) performance of -21.92 percent while its Weekly performance value is -8.89%. The Monthly and Yearly performances are -0.35 percent and -32.59 percent respectively. The Relative Volume value measured for Owens-Illinois, Inc. (NYSE:OI) is 1.35. The Average Volume (3 months) is 1.22 Million.

The stock currently has its Annual Dividend of $0 and an annual Dividend Yield of 0 Percent. OI has P/E (Price to Earnings ttm) value of 21.83, Forward P/E of 5.75, P/C (Price to cash per share) of 7.63 and Price to Free Cash Flow (P/FCF) value of 14.06. The stock is showing its Operating Margin of 3.8 percent.

Company Profile:

Owens-Illinois, Inc. manufactures and sells glass container products to food and beverage manufacturers primarily in Europe, North America, South America, and the Asia Pacific. The Company produces glass containers for malt beverages, including beer and ready-to-drink low-alcohol refreshers, liquor, wine, food, tea, juice and pharmaceuticals. It also produces glass containers for soft drinks and other non-alcoholic beverages. Owens-Illinois, Inc. is headquartered in Perrysburg, Ohio.