O-I Glass, Inc. (NYSE:OI – Get Free Report) has earned an average rating of “Moderate Buy” from the eight analysts that are currently covering the company, Marketbeat Ratings reports. Four analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $21.75.
A number of research analysts have commented on the company. StockNews.com downgraded O-I Glass from a “buy” rating to a “hold” rating in a research note on Thursday, February 15th. Citigroup downgraded O-I Glass from a “buy” rating to a “neutral” rating and increased their price objective for the stock from $17.00 to $18.00 in a report on Wednesday, January 3rd. Truist Financial reiterated a “buy” rating and issued a $20.00 target price on shares of O-I Glass in a research note on Monday, March 25th. Bank of America restated a “neutral” rating and set a $16.00 price target (down previously from $21.00) on shares of O-I Glass in a research note on Friday, April 19th. Finally, UBS Group began coverage on shares of O-I Glass in a research note on Tuesday, January 16th. They issued a “buy” rating and a $26.00 price objective for the company.
Get Our Latest Research Report on O-I Glass
Institutional Inflows and Outflows
O-I Glass Price Performance
NYSE OI opened at $15.07 on Friday. O-I Glass has a 1 year low of $13.56 and a 1 year high of $23.57. The stock’s 50-day moving average price is $16.02 and its two-hundred day moving average price is $15.61. The company has a market cap of $2.35 billion, a PE ratio of -20.09, a PEG ratio of 1.04 and a beta of 1.35. The company has a current ratio of 1.23, a quick ratio of 0.77 and a debt-to-equity ratio of 2.69.
O-I Glass (NYSE:OI – Get Free Report) last released its quarterly earnings results on Tuesday, February 6th. The industrial products company reported $0.12 earnings per share (EPS) 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 negative net margin of 1.45% and a positive return on equity of 24.90%. The firm’s revenue was down 3.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.38 earnings per share. On average, analysts predict that O-I Glass will post 2.33 EPS 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.
Recommended Stories
- Five stocks we like better than O-I Glass
- EV Stocks and How to Profit from Them
- 3 Stocks Leading the U.S. Agriculture Comeback
- Best Stocks Under $5.00
- How to Use Put Debit Spreads to Profit From Falling Stocks
- Investing in Construction Stocks
- Alphabet Changes the Narrative with Its First-Ever Dividend
Receive News & Ratings for O-I Glass Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for O-I Glass and related companies with MarketBeat.com's FREE daily email newsletter.