Media stories about Owens-Illinois (NYSE:OI) have been trending somewhat positive on Wednesday, according to Accern. The research group identifies negative and positive news coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Owens-Illinois earned a media sentiment score of 0.15 on Accern’s scale. Accern also assigned press coverage about the industrial products company an impact score of 45.0367599750141 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Here are some of the news stories that may have impacted Accern Sentiment’s rankings:
- Hot Stocks to Watch: Owens-Illinois, Inc., (NYSE: OI), Genuine Parts Company, (NYSE: GPC), Fortune Brands Home … – Stocks In The News (press release) (tradingnewsnow.com)
- Well-deserved spotlight exhibit to feature Grant’s collection from scores of artists – Toledo Blade (toledoblade.com)
- Glass Packaging Market trends estimates high demand by 2020 (reports.pr-inside.com)
- Glass Container Market Projected to Witness Vigorous Expansion by 2016-2026 (sbwire.com)
- Man lands 5 years for role in multimillion-dollar fraud scheme at O-I (toledoblade.com)
Several equities analysts have weighed in on the stock. KeyCorp reaffirmed a “hold” rating on shares of Owens-Illinois in a report on Friday, November 10th. BidaskClub cut shares of Owens-Illinois from a “hold” rating to a “sell” rating in a research report on Saturday, August 12th. Robert W. Baird lifted their price objective on shares of Owens-Illinois from $25.00 to $27.00 and gave the company a “neutral” rating in a research report on Wednesday, October 25th. Jefferies Group LLC reiterated a “hold” rating and set a $27.00 price objective (up previously from $26.00) on shares of Owens-Illinois in a research report on Wednesday, August 2nd. Finally, ValuEngine upgraded shares of Owens-Illinois from a “buy” rating to a “strong-buy” rating in a research report on Friday, October 13th. Two analysts have rated the stock with a sell rating, nine have given a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. Owens-Illinois currently has an average rating of “Hold” and a consensus target price of $26.45.
Shares of Owens-Illinois (NYSE OI) traded down $0.27 on Wednesday, reaching $23.10. 1,239,200 shares of the company traded hands, compared to its average volume of 1,273,568. Owens-Illinois has a 12 month low of $17.31 and a 12 month high of $25.90. The company has a market capitalization of $3,809.10, a PE ratio of 8.99, a PEG ratio of 1.22 and a beta of 1.53. The company has a debt-to-equity ratio of 5.73, a current ratio of 1.23 and a quick ratio of 0.74.
Owens-Illinois (NYSE:OI) last announced its quarterly earnings results on Monday, October 23rd. The industrial products company reported $0.77 earnings per share for the quarter, topping the consensus estimate of $0.73 by $0.04. Owens-Illinois had a net margin of 3.59% and a return on equity of 63.33%. The company had revenue of $1.80 billion for the quarter, compared to analysts’ expectations of $1.77 billion. During the same quarter in the previous year, the business posted $0.68 earnings per share. Owens-Illinois’s quarterly revenue was up 5.1% on a year-over-year basis. analysts anticipate that Owens-Illinois will post 2.64 earnings per share for the current year.
In other Owens-Illinois news, insider Timothy M. Connors sold 3,500 shares of the business’s stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of $23.86, for a total transaction of $83,510.00. Following the transaction, the insider now owns 19,624 shares in the company, valued at $468,228.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Moyano Giancarlo Currarino sold 1,360 shares of the business’s stock in a transaction on Friday, September 8th. The shares were sold at an average price of $23.97, for a total transaction of $32,599.20. Following the transaction, the senior vice president now owns 23,954 shares in the company, valued at approximately $574,177.38. The disclosure for this sale can be found here. Insiders sold 10,337 shares of company stock worth $252,651 in the last 90 days. 1.50% of the stock is currently owned by company insiders.
Owens-Illinois Company Profile
Owens-Illinois, Inc is a manufacturer of glass container products. The Company’s principal product lines are glass containers for the food and beverage industries. The Company’s segments include Europe, North America, Latin America and Asia Pacific. The Company produces glass containers for alcoholic beverages, including beer, flavored malt beverages, spirits and wine.
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