O-I Glass, Inc. (NYSE:OI) Receives $15.38 Average PT from Analysts

O-I Glass, Inc. (NYSE:OI) has received an average recommendation of “Moderate Buy” from the eight research firms that are currently covering the company, Marketbeat.com reports. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $15.38.

A number of equities research analysts recently commented on OI shares. Citigroup dropped their price objective on shares of O-I Glass from $12.00 to $11.00 and set a “neutral” rating on the stock in a report on Monday, January 6th. Bank of America lifted their price target on O-I Glass from $14.00 to $15.00 and gave the company a “buy” rating in a research note on Monday, January 6th. Royal Bank of Canada reduced their price objective on O-I Glass from $18.00 to $16.00 and set an “outperform” rating for the company in a research report on Friday, November 1st. Wells Fargo & Company dropped their target price on O-I Glass from $18.00 to $16.00 and set an “overweight” rating on the stock in a research report on Monday, January 6th. Finally, Barclays reduced their price target on O-I Glass from $14.00 to $13.00 and set an “equal weight” rating for the company in a research report on Thursday, October 31st.

O-I Glass Stock Up 4.7 %

Shares of O-I Glass stock opened at $11.79 on Friday. The company has a market capitalization of $1.82 billion, a P/E ratio of -16.60, a price-to-earnings-growth ratio of 0.24 and a beta of 1.22. The company has a debt-to-equity ratio of 3.78, a current ratio of 1.15 and a quick ratio of 0.70. The business has a 50-day moving average of $10.96 and a two-hundred day moving average of $11.95. O-I Glass has a 1 year low of $9.85 and a 1 year high of $17.58.

O-I Glass (NYSE:OI) last issued its quarterly earnings data on Tuesday, February 4th. The industrial products company reported ($0.05) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.07) by $0.02. O-I Glass had a positive return on equity of 8.27% and a negative net margin of 1.62%. As a group, equities analysts predict that O-I Glass will post 1.36 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Harbor Capital Advisors Inc. bought a new stake in shares of O-I Glass during the 3rd quarter worth approximately $27,000. GAMMA Investing LLC increased its holdings in O-I Glass by 371.0% during the third quarter. GAMMA Investing LLC now owns 2,402 shares of the industrial products company’s stock worth $32,000 after buying an additional 1,892 shares during the last quarter. R Squared Ltd bought a new stake in O-I Glass during the fourth quarter worth $45,000. Sterling Capital Management LLC lifted its stake in O-I Glass by 807.2% in the fourth quarter. Sterling Capital Management LLC now owns 4,881 shares of the industrial products company’s stock valued at $53,000 after acquiring an additional 4,343 shares during the last quarter. Finally, Nisa Investment Advisors LLC grew its position in shares of O-I Glass by 28.4% in the 3rd quarter. Nisa Investment Advisors LLC now owns 5,136 shares of the industrial products company’s stock valued at $67,000 after acquiring an additional 1,136 shares during the period. 97.24% of the stock is currently owned by institutional investors.

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.