Shares of O-I Glass, Inc. (NYSE:OI – Get Free Report) have been assigned an average recommendation of “Moderate Buy” from the nine research firms that are covering the company, Marketbeat.com reports. Four analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $17.22.
Several research analysts have recently issued reports on the company. Wells Fargo & Company lowered their price objective on O-I Glass from $19.00 to $18.00 and set an “overweight” rating for the company in a research report on Wednesday, July 17th. Citigroup lowered their price objective on O-I Glass from $14.00 to $12.00 and set a “neutral” rating for the company in a research report on Monday, July 8th. Barclays lowered their price objective on O-I Glass from $15.00 to $14.00 and set an “equal weight” rating for the company in a research report on Thursday. UBS Group lowered their price objective on O-I Glass from $26.00 to $18.00 and set a “buy” rating for the company in a research report on Wednesday, July 17th. Finally, Bank of America reissued a “neutral” rating and issued a $16.00 target price (down from $21.00) on shares of O-I Glass in a report on Friday, April 19th.
O-I Glass Trading Down 2.1 %
O-I Glass (NYSE:OI – Get Free Report) last released its earnings results on Tuesday, July 30th. The industrial products company reported $0.44 EPS for the quarter, topping the consensus estimate of $0.42 by $0.02. The firm had revenue of $1.73 billion during the quarter, compared to analysts’ expectations of $1.77 billion. O-I Glass had a positive return on equity of 15.10% and a negative net margin of 4.32%. O-I Glass’s revenue for the quarter was down 8.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.88 EPS. Sell-side analysts expect that O-I Glass will post 1.6 earnings per share for the current fiscal year.
Institutional Trading of O-I Glass
Several institutional investors and hedge funds have recently made changes to their positions in OI. Fidelis Capital Partners LLC purchased a new stake in O-I Glass during the 1st quarter valued at approximately $33,000. TFO Wealth Partners LLC raised its stake in O-I Glass by 24,311.1% during the 4th quarter. TFO Wealth Partners LLC now owns 2,197 shares of the industrial products company’s stock valued at $36,000 after acquiring an additional 2,188 shares during the last quarter. FinTrust Capital Advisors LLC purchased a new stake in O-I Glass during the 1st quarter valued at approximately $38,000. Headlands Technologies LLC purchased a new stake in O-I Glass during the 1st quarter valued at approximately $39,000. Finally, International Assets Investment Management LLC raised its stake in O-I Glass by 1,538.0% during the 4th quarter. International Assets Investment Management LLC now owns 4,095 shares of the industrial products company’s stock valued at $67,000 after acquiring an additional 3,845 shares during the last quarter. 97.24% of the stock is owned by hedge funds and other 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.
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