O-I Glass, Inc. (NYSE:OI – Get Free Report) has earned an average recommendation of “Moderate Buy” from the nine ratings firms that are currently covering the firm, Marketbeat Ratings reports. Four analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $19.56.
Several research firms have recently commented on OI. Royal Bank of Canada lowered their price target on shares of O-I Glass from $25.00 to $21.00 and set an “outperform” rating on the stock in a research report on Thursday, May 2nd. Bank of America reiterated a “neutral” rating and issued a $16.00 price target (down from $21.00) on shares of O-I Glass in a research report on Friday, April 19th. Wells Fargo & Company lowered their price target on shares of O-I Glass from $22.00 to $19.00 and set an “overweight” rating on the stock in a research report on Thursday, May 2nd. Robert W. Baird lowered their price target on shares of O-I Glass from $28.00 to $22.00 and set an “outperform” rating on the stock in a research report on Thursday, May 2nd. Finally, Barclays decreased their target price on shares of O-I Glass from $18.00 to $15.00 and set an “equal weight” rating on the stock in a research report on Monday, May 6th.
Get Our Latest Research Report on OI
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O-I Glass Trading Down 0.7 %
NYSE OI opened at $10.50 on Thursday. The stock has a market capitalization of $1.63 billion, a P/E ratio of -6.60, a P/E/G ratio of 1.08 and a beta of 1.25. O-I Glass has a 52-week low of $10.44 and a 52-week high of $23.57. The firm has a 50-day moving average price of $12.50 and a 200 day moving average price of $14.69. The company has a quick ratio of 0.56, a current ratio of 1.02 and a debt-to-equity ratio of 2.26.
O-I Glass (NYSE:OI – Get Free Report) last posted its quarterly earnings results on Tuesday, April 30th. The industrial products company reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.09. The firm had revenue of $1.59 billion during the quarter, compared to analysts’ expectations of $1.69 billion. O-I Glass had a negative net margin of 3.45% and a positive return on equity of 18.25%. The firm’s revenue for the quarter was down 13.0% on a year-over-year basis. During the same period in the prior year, the company posted $1.29 earnings per share. Equities research analysts expect that O-I Glass will post 1.67 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.
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