O-I Glass, Inc. (NYSE:OI) Given Consensus Rating of “Moderate Buy” by Brokerages

O-I Glass, Inc. (NYSE:OI) has earned a consensus rating of “Moderate Buy” from the eight brokerages that are covering the firm, 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 12 month price target among brokers that have covered the stock in the last year is $15.38.

OI has been the subject of a number of research analyst reports. Wells Fargo & Company cut their target price on shares of O-I Glass from $18.00 to $16.00 and set an “overweight” rating for the company in a research report on Monday, January 6th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $16.00 target price on shares of O-I Glass in a research report on Monday, March 17th. Bank of America raised their price objective on shares of O-I Glass from $14.00 to $15.00 and gave the company a “buy” rating in a research report on Monday, January 6th. Finally, Citigroup lowered their price objective on O-I Glass from $12.00 to $11.00 and set a “neutral” rating on the stock in a report on Monday, January 6th.

O-I Glass Price Performance

Shares of O-I Glass stock opened at $10.52 on Friday. O-I Glass has a 52 week low of $9.23 and a 52 week high of $16.19. The stock has a market cap of $1.63 billion, a PE ratio of -14.82, a price-to-earnings-growth ratio of 0.24 and a beta of 0.98. The company’s 50-day moving average price is $11.44 and its two-hundred day moving average price is $11.72. The company has a current ratio of 1.15, a quick ratio of 0.70 and a debt-to-equity ratio of 3.78.

O-I Glass (NYSE:OI) last issued its quarterly earnings results on Tuesday, February 4th. The industrial products company reported ($0.05) EPS for the quarter, beating the consensus estimate of ($0.07) by $0.02. O-I Glass had a negative net margin of 1.62% and a positive return on equity of 8.27%. As a group, sell-side analysts anticipate that O-I Glass will post 1.33 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. R Squared Ltd acquired a new stake in shares of O-I Glass during the 4th quarter worth approximately $45,000. Sterling Capital Management LLC boosted its holdings in O-I Glass by 807.2% during the fourth quarter. Sterling Capital Management LLC now owns 4,881 shares of the industrial products company’s stock valued at $53,000 after purchasing an additional 4,343 shares in the last quarter. KBC Group NV lifted its position in shares of O-I Glass by 42.5% during the 4th quarter. KBC Group NV now owns 7,740 shares of the industrial products company’s stock worth $84,000 after buying an additional 2,309 shares during the period. New Age Alpha Advisors LLC bought a new position in shares of O-I Glass during the fourth quarter valued at $86,000. Finally, Point72 Asset Management L.P. bought a new stake in shares of O-I Glass in the 4th quarter worth about $89,000. Institutional investors and hedge funds own 97.24% of the company’s stock.

About O-I Glass

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.