Zacks Investment Research upgraded shares of Owens-Illinois from a "hold" rating to a "buy" rating and set a $26.00 price target on the stock in a report on Wednesday, June 14th. ValuEngine raised shares of Owens-Illinois from a "buy" rating to a "strong-buy" rating in a research report on Thursday, July 6th.
August 7 investment analysts at Barclays kept the stock rating at "Equal-Weight" but raised the price expectation from $23.00 to $25.00. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of "Hold" and an average target price of $26.44.
Owens-Illinois (NYSE OI) opened at 24.78 on Monday. The stock last traded at $23.45 a tad under the 50 day moving average of $24.12 and quite a bit above the 200 day moving average of $21.67. Owens-Illinois has a one year low of $16.80 and a one year high of $25.02.
Owens-Illinois, Inc.'s P/E ratio is 16.99 and the market cap is 3.82B.
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The average 12-month target price among analysts that have covered the stock in the a year ago is €134.88 ($158.68). Eight analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock.
Owens-Illinois (NYSE:OI) last released its earnings results on Monday, July 31st. The industrial products company reported $0.75 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.67 by $0.08. Owens-Illinois had a return on equity of 72.15% and a net margin of 3.36%. The company had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.77 billion. During the same period a year ago, the business earned $0.65 EPS. Owens-Illinois's revenue for the quarter was down.5% on a year-over-year basis. Equities analysts predict that Owens-Illinois, Inc. will post $2.63 EPS for the current year. If you are accessing this piece on another site, it was illegally stolen and republished in violation of global copyright laws. "(NYSE:OI) Downgraded by BidaskClub to Hold" was originally reported by Markets Daily and is the property of of Markets Daily. The legal version of this story can be read at https://sportsperspectives.com/2017/08/12/teachers-retirement-system-of-the-state-of-kentucky-has-739000-stake-in-owens-illinois-inc-nyseoi-updated-updated.html.
Several institutional investors have recently modified their holdings of the stock. James Investment Research Inc. acquired a new position in shares of Owens-Illinois during the first quarter worth approximately $149,000. State Treasurer State of MI now owns 65,900 shares of the industrial products company's stock worth $1,343,000 after buying an additional 600 shares during the last quarter.
Edmond De Rothschild Holding S.a. reports that it sold 459,400 shares during the last quarter decreasing its stake in Owens-Illinois, Inc. The value in dollars went from $27,874,000 to $34,393,000 increasing 23.4% quarter to quarter. Finally, Capital One National Association increased its position in shares of Owens-Illinois by 9.7% in the second quarter. Contravisory Investment Management Inc. now owns 13,982 shares of the industrial products company's stock valued at $334,000 after buying an additional 203 shares during the last quarter. CrestPoint Capital Management LLC now owns 17,400 shares of the industrial products company's stock valued at $355,000 after buying an additional 4,600 shares in the last quarter. Capstone Asset Management Co. now owns 18,614 shares of the industrial products company's stock worth $445,000 after buying an additional 510 shares during the last quarter.