O-I Glass, Inc. (NYSE:OI – Get Free Report) has earned a consensus rating of “Moderate Buy” from the eight ratings firms that are presently covering the firm, MarketBeat reports. Four research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price target among analysts that have covered the stock in the last year is $22.67.
Several research analysts recently weighed in on the company. Citigroup cut O-I Glass from a “buy” rating to a “neutral” rating and raised their target price for the company from $17.00 to $18.00 in a research note on Wednesday, January 3rd. StockNews.com cut O-I Glass from a “buy” rating to a “hold” rating in a research note on Thursday, February 15th. Bank of America reaffirmed a “neutral” rating and set a $16.00 target price (down previously from $21.00) on shares of O-I Glass in a research note on Friday. Barclays increased their price target on O-I Glass from $16.00 to $18.00 and gave the company an “equal weight” rating in a research report on Tuesday, February 13th. Finally, UBS Group began coverage on O-I Glass in a research report on Tuesday, January 16th. They issued a “buy” rating and a $26.00 price target for the company.
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O-I Glass Stock Performance
Shares of OI opened at $14.81 on Friday. The business’s fifty day moving average price is $16.16 and its 200 day moving average price is $15.64. O-I Glass has a 12-month low of $13.56 and a 12-month high of $23.57. The stock has a market capitalization of $2.31 billion, a PE ratio of -19.75, a price-to-earnings-growth ratio of 1.02 and a beta of 1.35. The company has a debt-to-equity ratio of 2.69, a current ratio of 1.23 and a quick ratio of 0.77.
O-I Glass (NYSE:OI – Get Free Report) last announced its quarterly earnings data on Tuesday, February 6th. The industrial products company reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.09. O-I Glass had a positive return on equity of 24.90% and a negative net margin of 1.45%. The firm had revenue of $1.64 billion for the quarter, compared to analysts’ expectations of $1.63 billion. During the same period last year, the business posted $0.38 earnings per share. The firm’s revenue for the quarter was down 3.1% on a year-over-year basis. Equities research analysts forecast that O-I Glass will post 2.33 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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