O-I Glass, Inc. (NYSE:OI) Given Consensus Recommendation of “Moderate Buy” by Analysts

O-I Glass, Inc. (NYSE:OI) has been assigned a consensus recommendation of “Moderate Buy” from the eight analysts that are presently covering the company, Marketbeat reports. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $15.38.

OI has been the subject of a number of research analyst reports. 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 raised their price target on shares of O-I Glass from $14.00 to $15.00 and gave the stock a “buy” rating in a report on Monday, January 6th. Barclays cut their price objective on shares of O-I Glass from $14.00 to $13.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 31st. Royal Bank of Canada cut their price objective on shares of O-I Glass from $18.00 to $16.00 and set an “outperform” rating on the stock in a research note on Friday, November 1st. Finally, Citigroup cut their price objective on shares of O-I Glass from $12.00 to $11.00 and set a “neutral” rating on the stock in a research note on Monday, January 6th.

O-I Glass Trading Up 1.1 %

NYSE:OI opened at $11.70 on Friday. O-I Glass has a 52 week low of $9.85 and a 52 week high of $17.58. The firm has a 50 day moving average of $10.97 and a 200 day moving average of $11.95. The company has a quick ratio of 0.77, a current ratio of 1.15 and a debt-to-equity ratio of 3.78. The stock has a market capitalization of $1.81 billion, a price-to-earnings ratio of -16.47, a PEG ratio of 0.23 and a beta of 1.22.

O-I Glass (NYSE:OI) last posted its earnings results on Tuesday, February 4th. The industrial products company reported ($0.05) EPS for the quarter, beating analysts’ consensus estimates 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, sell-side analysts anticipate that O-I Glass will post 1.36 earnings per share for the current fiscal year.

Institutional Trading of O-I Glass

Several hedge funds and other institutional investors have recently added to or reduced their stakes in OI. Harbor Capital Advisors Inc. acquired a new stake in O-I Glass during the third quarter valued at $27,000. GAMMA Investing LLC lifted its holdings in O-I Glass by 371.0% during the third quarter. GAMMA Investing LLC now owns 2,402 shares of the industrial products company’s stock valued at $32,000 after purchasing an additional 1,892 shares in the last quarter. R Squared Ltd purchased a new position in O-I Glass during the fourth quarter valued at $45,000. Sterling Capital Management LLC lifted its holdings in O-I Glass by 807.2% during the fourth quarter. Sterling Capital Management LLC now owns 4,881 shares of the industrial products company’s stock valued at $53,000 after purchasing an additional 4,343 shares in the last quarter. Finally, Nisa Investment Advisors LLC lifted its holdings in O-I Glass by 28.4% during the third quarter. Nisa Investment Advisors LLC now owns 5,136 shares of the industrial products company’s stock valued at $67,000 after purchasing an additional 1,136 shares in the last quarter. Institutional investors and hedge funds own 97.24% of the company’s stock.

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.