Shares of O-I Glass, Inc. (NYSE:OI – Get Free Report) have received an average rating of “Moderate Buy” from the eight ratings firms that are currently covering the firm, MarketBeat.com 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 price objective among brokers that have covered the stock in the last year is $15.38.
Several research analysts have weighed in on OI shares. Wells Fargo & Company dropped their price target on O-I Glass from $18.00 to $16.00 and set an “overweight” rating for the company in a research note on Monday, January 6th. Citigroup reduced their price target on shares of O-I Glass from $12.00 to $11.00 and set a “neutral” rating on the stock in a report on Monday, January 6th. Finally, Bank of America lifted their price target on shares of O-I Glass from $14.00 to $15.00 and gave the company a “buy” rating in a report on Monday, January 6th.
Read Our Latest Analysis on OI
Institutional Trading of O-I Glass
O-I Glass Trading Up 4.1 %
Shares of NYSE:OI opened at $11.64 on Tuesday. The stock has a 50 day moving average of $11.24 and a 200 day moving average of $11.88. The company has a market cap of $1.79 billion, a PE ratio of -16.39, a price-to-earnings-growth ratio of 0.24 and a beta of 1.20. The company has a current ratio of 1.15, a quick ratio of 0.70 and a debt-to-equity ratio of 3.78. O-I Glass has a 12-month low of $9.85 and a 12-month high of $17.58.
O-I Glass (NYSE:OI – Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The industrial products company reported ($0.05) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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%. As a group, equities research analysts expect that O-I Glass will post 1.33 EPS for the current year.
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.
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