O-I Glass, Inc. (NYSE:OI – Get Rating) was the recipient of unusually large options trading activity on Wednesday. Investors acquired 2,354 call options on the company. This represents an increase of 3,039% compared to the typical volume of 75 call options.
O-I Glass Stock Up 2.7 %
Shares of O-I Glass stock opened at $21.48 on Thursday. The company has a current ratio of 1.22, a quick ratio of 0.77 and a debt-to-equity ratio of 2.34. The company’s fifty day simple moving average is $21.79 and its two-hundred day simple moving average is $19.73. The company has a market cap of $3.34 billion, a P/E ratio of 4.87, a PEG ratio of 0.48 and a beta of 1.36. O-I Glass has a 12-month low of $11.60 and a 12-month high of $23.52.
O-I Glass (NYSE:OI – Get Rating) last released its earnings results on Tuesday, April 25th. The industrial products company reported $1.29 earnings per share for the quarter, topping analysts’ consensus estimates of $0.83 by $0.46. The firm had revenue of $1.83 billion for the quarter, compared to the consensus estimate of $1.78 billion. O-I Glass had a net margin of 10.04% and a return on equity of 31.48%. The company’s revenue was up 8.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.56 EPS. Research analysts anticipate that O-I Glass will post 3.16 EPS for the current year.
Institutional Trading of O-I Glass
Analyst Ratings Changes
A number of brokerages have recently weighed in on OI. KeyCorp boosted their price objective on shares of O-I Glass from $12.00 to $15.00 and gave the stock an “underweight” rating in a report on Thursday, February 2nd. StockNews.com assumed coverage on shares of O-I Glass in a research note on Thursday. They issued a “buy” rating on the stock. Robert W. Baird lifted their target price on shares of O-I Glass from $26.00 to $30.00 in a research note on Thursday, April 27th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of O-I Glass from $18.00 to $24.00 and gave the stock a “hold” rating in a research note on Thursday, February 2nd. Finally, Citigroup lifted their target price on shares of O-I Glass from $22.00 to $25.00 and gave the stock a “buy” rating in a research note on Friday, February 3rd. Two analysts have rated the stock with a sell rating, one has given a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $24.70.
About O-I Glass
O-I Glass, Inc engages in manufacturing of glass products. It offers products to the food and beverage sectors. The firm operates through the following geographical segments: Americas, Europe, and Asia Pacific. The company was founded in 1929 and is headquartered in Perrysburg, OH.
- Get a free copy of the StockNews.com research report on O-I Glass (OI)
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