O-I Glass, Inc. (NYSE:OI – Get Free Report) saw some unusual options trading activity on Wednesday. Investors purchased 2,354 call options on the company. This represents an increase of 3,039% compared to the typical daily volume of 75 call options.
O-I Glass Stock Performance
Shares of NYSE OI opened at $14.91 on Thursday. The company’s fifty day moving average price is $16.22 and its 200 day moving average price is $19.42. O-I Glass has a 1 year low of $13.56 and a 1 year high of $23.57. The company has a market capitalization of $2.31 billion, a PE ratio of 6.26, a price-to-earnings-growth ratio of 0.56 and a beta of 1.38. The company has a debt-to-equity ratio of 2.25, a quick ratio of 0.87 and a current ratio of 1.40.
O-I Glass (NYSE:OI – Get Free Report) last posted its quarterly earnings data on Tuesday, October 31st. The industrial products company reported $0.80 earnings per share for the quarter, topping analysts’ consensus estimates of $0.70 by $0.10. The company had revenue of $1.74 billion during the quarter, compared to analysts’ expectations of $1.76 billion. O-I Glass had a net margin of 5.31% and a return on equity of 27.79%. The firm’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.63 earnings per share. On average, research analysts predict that O-I Glass will post 3 earnings per share for the current year.
Institutional Investors Weigh In On O-I Glass
Analyst Upgrades and Downgrades
OI has been the subject of a number of recent research reports. Royal Bank of Canada dropped their price objective on shares of O-I Glass from $37.00 to $32.00 and set an “outperform” rating for the company in a research note on Thursday, August 3rd. Truist Financial reduced their price target on shares of O-I Glass from $31.00 to $21.00 and set a “buy” rating for the company in a report on Friday, November 3rd. Barclays reduced their price target on shares of O-I Glass from $18.00 to $16.00 and set an “equal weight” rating for the company in a report on Thursday, November 2nd. Credit Suisse Group lowered shares of O-I Glass from an “outperform” rating to a “neutral” rating and boosted their price objective for the stock from $21.00 to $22.00 in a research note on Wednesday, September 13th. Finally, StockNews.com lowered shares of O-I Glass from a “buy” rating to a “hold” rating in a research note on Friday, November 10th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $22.90.
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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