O-I Glass (NYSE:OI – Get Free Report) is projected to post its quarterly earnings results after the market closes on Tuesday, February 4th. Analysts expect O-I Glass to post earnings of ($0.07) per share and revenue of $1.60 billion for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.
O-I Glass Trading Up 0.5 %
Shares of NYSE OI opened at $11.94 on Monday. The stock has a market cap of $1.85 billion, a price-to-earnings ratio of -4.33 and a beta of 1.21. The business has a 50 day simple moving average of $11.14 and a 200 day simple moving average of $11.96. O-I Glass has a 52 week low of $9.85 and a 52 week high of $17.58. The company has a debt-to-equity ratio of 3.18, a quick ratio of 0.77 and a current ratio of 1.23.
Wall Street Analysts Forecast Growth
OI has been the subject of several analyst reports. StockNews.com upgraded O-I Glass from a “sell” rating to a “hold” rating in a report on Tuesday, November 12th. Royal Bank of Canada reduced their target price on O-I Glass from $18.00 to $16.00 and set an “outperform” rating for the company in a report on Friday, November 1st. Bank of America boosted their target price on O-I Glass from $14.00 to $15.00 and gave the stock a “buy” rating in a report on Monday, January 6th. Citigroup reduced their target price on O-I Glass from $12.00 to $11.00 and set a “neutral” rating for the company in a report on Monday, January 6th. Finally, Wells Fargo & Company cut their price target on O-I Glass from $18.00 to $16.00 and set an “overweight” rating for the company in a report on Monday, January 6th. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, O-I Glass has an average rating of “Moderate Buy” and an average target price of $15.38.
About O-I Glass
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.
See Also
- Five stocks we like better than O-I Glass
- CD Calculator: Certificate of Deposit Calculator
- 3 Stocks to Gain From Trump’s Return-to-Office Mandate
- What is Short Interest? How to Use It
- Crane Stock Soars, But the Best Could Be Yet to Come: Here’s Why
- 3 Stocks to Consider Buying in October
- ServiceNow Stock Slips, But AI Expansion Signals Long-Term Gains
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.
