A number of firms have modified their ratings and price targets on shares of Owens-Illinois (NYSE: OI) recently:

  • 8/7/2017 – Owens-Illinois had its price target raised by analysts at Barclays PLC from $22.00 to $25.00. They now have an “equal weight” rating on the stock.
  • 8/2/2017 – Owens-Illinois had its “hold” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $27.00 price target on the stock, up previously from $26.00.
  • 7/31/2017 – Owens-Illinois was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 7/25/2017 – Owens-Illinois was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.
  • 7/14/2017 – Owens-Illinois had its “hold” rating reaffirmed by analysts at Royal Bank Of Canada. They now have a $24.00 price target on the stock.
  • 7/14/2017 – Owens-Illinois had its “hold” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $26.00 price target on the stock, up previously from $20.00.
  • 7/12/2017 – Owens-Illinois was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating.
  • 7/6/2017 – Owens-Illinois had its “hold” rating reaffirmed by analysts at Royal Bank Of Canada. They now have a $22.00 price target on the stock.
  • 7/6/2017 – Owens-Illinois was upgraded by analysts at ValuEngine from a “buy” rating to a “strong-buy” rating.
  • 6/29/2017 – Owens-Illinois was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 6/27/2017 – Owens-Illinois was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “For the full year 2017, Owens-Illinois remains on track to achieve all of the company’s financial targets including volume growth, margin, adjusted earnings, cash flow and deleveraging. Its focus on simplifying the organization, elevating productivity, expanding customer relationships, strategic initiatives and reducing the structural cost will drive long-term growth. The company is also well positioned to benefit from acquisitions and joint ventures. The stock has outperformed the Zacks sub-industry year to date. However, Owens-Illinois’ results will be impacted by uncertainty in macroeconomic conditions, inflation and unfavorable foreign currency translation. In Europe, heightened competitive activity has been dragging down selling prices. “
  • 6/14/2017 – Owens-Illinois was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $26.00 price target on the stock. According to Zacks, “Owens-Illinois has outperformed the Zacks sub-industry year to date. For full-year 2017, Owens-Illinois remains on track to achieve all of its financial targets including volume growth, margin, adjusted earnings, cash flow and deleveraging. Its focus on simplifying the organization, elevating productivity, expanding customer relationships, strategic initiatives and reducing the structural cost will drive long-term growth. The company is also well positioned to benefit from acquisitions and joint ventures. Further, Owens-Illinois has positive record of earnings surprises in recent quarters.”

Owens-Illinois, Inc. (NYSE OI) traded down 1.69% during mid-day trading on Wednesday, reaching $23.91. 1,045,392 shares of the company were exchanged. The company’s 50 day moving average price is $24.00 and its 200-day moving average price is $21.54. The stock has a market capitalization of $3.89 billion, a price-to-earnings ratio of 17.33 and a beta of 1.50. Owens-Illinois, Inc. has a 12-month low of $16.80 and a 12-month high of $25.02.

Owens-Illinois (NYSE:OI) last posted its quarterly earnings results on Monday, July 31st. The industrial products company reported $0.75 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.67 by $0.08. The company had revenue of $1.75 billion during the quarter, compared to analyst estimates of $1.77 billion. Owens-Illinois had a net margin of 3.36% and a return on equity of 72.15%. The firm’s revenue for the quarter was down .5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.65 earnings per share. On average, equities research analysts forecast that Owens-Illinois, Inc. will post $2.63 earnings per share for the current fiscal year.

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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