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

Shares of O-I Glass, Inc. (NYSE:OI) have been given an average rating of “Moderate Buy” by the eight research firms that are currently covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $15.38.

Several research analysts have recently weighed in on the company. Royal Bank of Canada reissued an “outperform” rating and issued a $16.00 price objective on shares of O-I Glass in a research report on Monday. Bank of America raised their price objective on O-I Glass from $14.00 to $15.00 and gave the company a “buy” rating in a research note on Monday, January 6th. Citigroup lowered their target price on O-I Glass from $12.00 to $11.00 and set a “neutral” rating on the stock in a research report on Monday, January 6th. Finally, Wells Fargo & Company reduced their price target on shares of O-I Glass from $18.00 to $16.00 and set an “overweight” rating for the company in a research report on Monday, January 6th.

Institutional Investors Weigh In On O-I Glass

Several institutional investors have recently bought and sold shares of the stock. Mitsubishi UFJ Trust & Banking Corp grew its holdings in O-I Glass by 2.2% during the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 42,900 shares of the industrial products company’s stock worth $465,000 after buying an additional 916 shares in the last quarter. Baird Financial Group Inc. grew its holdings in O-I Glass by 9.6% during the fourth quarter. Baird Financial Group Inc. now owns 16,152 shares of the industrial products company’s stock worth $175,000 after buying an additional 1,410 shares in the last quarter. KBC Group NV grew its holdings in O-I Glass by 38.9% during the third quarter. KBC Group NV now owns 5,431 shares of the industrial products company’s stock worth $71,000 after buying an additional 1,521 shares in the last quarter. Corient Private Wealth LLC grew its holdings in O-I Glass by 13.4% during the fourth quarter. Corient Private Wealth LLC now owns 16,544 shares of the industrial products company’s stock worth $179,000 after buying an additional 1,954 shares in the last quarter. Finally, Guggenheim Capital LLC grew its holdings in O-I Glass by 9.9% during the fourth quarter. Guggenheim Capital LLC now owns 22,777 shares of the industrial products company’s stock worth $247,000 after buying an additional 2,044 shares in the last quarter. Institutional investors own 97.24% of the company’s stock.

O-I Glass Stock Up 3.3 %

Shares of NYSE:OI opened at $12.06 on Tuesday. The business has a fifty day simple moving average of $11.24 and a 200 day simple moving average of $11.88. O-I Glass has a 12-month low of $9.85 and a 12-month high of $17.58. The company has a quick ratio of 0.70, a current ratio of 1.15 and a debt-to-equity ratio of 3.78. The firm has a market cap of $1.86 billion, a P/E ratio of -16.98, a P/E/G ratio of 0.24 and a beta of 1.20.

O-I Glass (NYSE:OI) last posted its quarterly earnings data on Tuesday, February 4th. The industrial products company reported ($0.05) earnings per share for the quarter, topping the consensus estimate of ($0.07) by $0.02. O-I Glass had a positive return on equity of 8.27% and a negative net margin of 1.62%. Analysts predict that O-I Glass will post 1.33 earnings per share for the current year.

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.