O-I Glass (NYSE:OI) was upgraded by analysts at TheStreet from a “d+” rating to a “c+” rating in a note issued to investors on Tuesday, TheStreetRatingsTable reports.
Several other equities research analysts have also weighed in on OI. Zacks Investment Research lowered shares of O-I Glass from a “buy” rating to a “hold” rating and set a $12.00 target price on the stock. in a report on Thursday, October 8th. Wells Fargo & Company reaffirmed a “sell” rating on shares of O-I Glass in a report on Wednesday, August 5th. Deutsche Bank Aktiengesellschaft upped their target price on shares of O-I Glass from $11.00 to $15.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. ValuEngine lowered shares of O-I Glass from a “hold” rating to a “sell” rating in a report on Monday, August 3rd. Finally, Seaport Global Securities began coverage on shares of O-I Glass in a report on Wednesday, October 14th. They set a “neutral” rating on the stock. Four analysts have rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $11.00.
Shares of OI stock opened at $9.74 on Tuesday. O-I Glass has a 52-week low of $4.30 and a 52-week high of $15.64. The stock has a market cap of $1.53 billion, a price-to-earnings ratio of -2.56, a P/E/G ratio of 0.75 and a beta of 1.71. The company has a debt-to-equity ratio of 145.31, a quick ratio of 1.06 and a current ratio of 1.60. The firm has a fifty day moving average of $11.02 and a 200-day moving average of $9.58.
O-I Glass (NYSE:OI) last posted its earnings results on Tuesday, October 27th. The industrial products company reported $0.41 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.28 by $0.13. O-I Glass had a negative net margin of 9.46% and a positive return on equity of 81.57%. On average, sell-side analysts predict that O-I Glass will post 0.99 earnings per share for the current year.
In related news, SVP Mary Beth Wilkinson sold 33,122 shares of the stock in a transaction that occurred on Wednesday, August 26th. The shares were sold at an average price of $11.25, for a total value of $372,622.50. Following the sale, the senior vice president now directly owns 56,842 shares in the company, valued at approximately $639,472.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.23% of the stock is currently owned by company insiders.
Large investors have recently made changes to their positions in the stock. Marshall Wace North America L.P. acquired a new stake in shares of O-I Glass in the 1st quarter valued at approximately $25,000. Teza Capital Management LLC raised its holdings in O-I Glass by 162.6% during the 2nd quarter. Teza Capital Management LLC now owns 32,194 shares of the industrial products company’s stock worth $289,000 after buying an additional 19,933 shares during the period. State of New Jersey Common Pension Fund D acquired a new stake in O-I Glass during the 3rd quarter worth approximately $2,060,000. Finally, Mork Capital Management LLC raised its holdings in O-I Glass by 14.0% during the 2nd quarter. Mork Capital Management LLC now owns 228,000 shares of the industrial products company’s stock worth $2,047,000 after buying an additional 28,000 shares during the period. Institutional investors and hedge funds own 94.54% of the company’s stock.
About O-I Glass
O-I Glass, Inc, through its subsidiaries, manufactures and sells glass containers to food and beverage manufacturers primarily in the Americas, Europe, and the Asia Pacific. It produces glass containers for alcoholic beverages, including beer, flavored malt beverages, spirits, and wine. The company is also involved in the production of glass packaging for various food items, soft drinks, tea, juices, and pharmaceuticals.
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