O-I Glass, Inc. (NYSE:OI) Receives $15.00 Consensus Target Price from Brokerages

O-I Glass, Inc. (NYSE:OI - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the eight analysts that are covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $15.50.

Several brokerages have recently weighed in on OI. Barclays raised their price objective on O-I Glass from $13.00 to $14.00 and gave the company an "equal weight" rating in a report on Friday. Truist Financial reaffirmed a "buy" rating and set a $16.00 price target (up from $13.00) on shares of O-I Glass in a research report on Thursday. Wells Fargo & Company dropped their target price on shares of O-I Glass from $18.00 to $16.00 and set an "overweight" rating on the stock in a report on Monday, January 6th. Bank of America boosted their price target on O-I Glass from $14.00 to $15.00 and gave the stock a "buy" rating in a research report on Monday, January 6th. Finally, Citigroup reduced their target price on O-I Glass from $12.00 to $11.00 and set a "neutral" rating for the company in a research note on Monday, January 6th.

Institutional Trading of O-I Glass

Institutional investors have recently bought and sold shares of the business. Barclays PLC lifted its holdings in shares of O-I Glass by 349.3% during the 3rd quarter. Barclays PLC now owns 261,161 shares of the industrial products company's stock worth $3,427,000 after acquiring an additional 203,037 shares during the period. JPMorgan Chase & Co. grew its holdings in O-I Glass by 18.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 619,643 shares of the industrial products company's stock worth $8,130,000 after acquiring an additional 94,671 shares during the last quarter. Diversified Trust Co increased its stake in shares of O-I Glass by 10.0% in the fourth quarter. Diversified Trust Co now owns 54,551 shares of the industrial products company's stock valued at $591,000 after buying an additional 4,955 shares during the period. Moody National Bank Trust Division raised its stake in O-I Glass by 35.6% during the fourth quarter. Moody National Bank Trust Division now owns 103,343 shares of the industrial products company's stock worth $1,120,000 after buying an additional 27,159 shares during the last quarter. Finally, Assenagon Asset Management S.A. boosted its holdings in shares of O-I Glass by 111.0% during the 4th quarter. Assenagon Asset Management S.A. now owns 1,401,400 shares of the industrial products company's stock worth $15,191,000 after buying an additional 737,123 shares in the last quarter. Institutional investors own 97.24% of the company's stock.

O-I Glass Trading Up 3.4 %

NYSE OI traded up $0.44 during trading on Wednesday, reaching $13.25. 1,637,066 shares of the stock traded hands, compared to its average volume of 1,574,046. The company has a quick ratio of 0.70, a current ratio of 1.15 and a debt-to-equity ratio of 3.78. O-I Glass has a fifty-two week low of $9.23 and a fifty-two week high of $14.15. The stock's 50-day moving average price is $11.42 and its 200 day moving average price is $11.55. The firm has a market cap of $2.05 billion, a price-to-earnings ratio of -18.66, a price-to-earnings-growth ratio of 0.24 and a beta of 0.98.

O-I Glass (NYSE:OI - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The industrial products company reported $0.40 EPS for the quarter, beating the consensus estimate of $0.18 by $0.22. O-I Glass had a negative net margin of 1.62% and a positive return on equity of 8.27%. The business had revenue of $1.57 billion for the quarter, compared to analysts' expectations of $1.55 billion. During the same period in the previous year, the firm posted $0.45 EPS. The firm's revenue was up .4% compared to the same quarter last year. Analysts predict that O-I Glass will post 1.33 EPS 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.