O-I Glass, Inc. (NYSE:OI – Get Free Report) has been assigned a consensus recommendation of “Moderate Buy” from the nine ratings firms that are covering the company, Marketbeat reports. Four analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $17.22.
A number of equities analysts recently commented on the company. UBS Group decreased their target price on O-I Glass from $26.00 to $18.00 and set a “buy” rating for the company in a report on Wednesday, July 17th. Truist Financial restated a “buy” rating and set a $16.00 target price (down previously from $17.00) on shares of O-I Glass in a report on Thursday. Robert W. Baird decreased their target price on O-I Glass from $22.00 to $18.00 and set an “outperform” rating for the company in a report on Thursday. Wells Fargo & Company decreased their target price on O-I Glass from $19.00 to $18.00 and set an “overweight” rating for the company in a report on Wednesday, July 17th. Finally, Barclays decreased their price objective on O-I Glass from $15.00 to $14.00 and set an “equal weight” rating for the company in a report on Thursday.
Check Out Our Latest Report on OI
Hedge Funds Weigh In On O-I Glass
O-I Glass Stock Performance
NYSE:OI opened at $12.26 on Monday. The firm has a market cap of $1.91 billion, a PE ratio of -7.71, a price-to-earnings-growth ratio of 1.36 and a beta of 1.24. O-I Glass has a fifty-two week low of $10.08 and a fifty-two week high of $20.86. The company has a debt-to-equity ratio of 2.26, a quick ratio of 0.56 and a current ratio of 1.02. The business has a 50 day moving average price of $11.56 and a 200-day moving average price of $14.01.
O-I Glass (NYSE:OI – Get Free Report) last released its quarterly earnings data on Tuesday, July 30th. The industrial products company reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates of $0.42 by $0.02. The firm had revenue of $1.73 billion during the quarter, compared to analyst estimates of $1.77 billion. O-I Glass had a positive return on equity of 15.10% and a negative net margin of 4.32%. The business’s quarterly revenue was down 8.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.88 earnings per share. Equities research analysts predict that O-I Glass will post 1.6 earnings per share for the current year.
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.
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