O-I Glass, Inc. (NYSE:OI) Given Average Rating of "Moderate Buy" by Analysts

O-I Glass, Inc. (NYSE:OI - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the eight ratings firms that are currently covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $15.50.

Several research analysts recently commented on OI shares. Royal Bank of Canada restated an "outperform" rating and issued a $16.00 price target on shares of O-I Glass in a report on Monday, March 17th. Citigroup reduced their target price on shares of O-I Glass from $12.00 to $11.00 and set a "neutral" rating on the stock in a report on Monday, January 6th. Wells Fargo & Company lowered their price target on O-I Glass from $18.00 to $16.00 and set an "overweight" rating for the company in a report on Monday, January 6th. Truist Financial reaffirmed a "buy" rating and issued a $16.00 price objective (up previously from $13.00) on shares of O-I Glass in a research report on Thursday. Finally, Bank of America lifted their price target on shares of O-I Glass from $14.00 to $15.00 and gave the stock a "buy" rating in a research note on Monday, January 6th.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Highland Peak Capital LLC lifted its stake in O-I Glass by 87.5% during the fourth quarter. Highland Peak Capital LLC now owns 3,877,259 shares of the industrial products company's stock worth $42,029,000 after purchasing an additional 1,809,237 shares during the last quarter. Cooper Creek Partners Management LLC lifted its position in shares of O-I Glass by 18.2% in the 4th quarter. Cooper Creek Partners Management LLC now owns 11,082,262 shares of the industrial products company's stock worth $120,132,000 after buying an additional 1,705,216 shares during the last quarter. Millennium Management LLC boosted its holdings in shares of O-I Glass by 251.7% in the 4th quarter. Millennium Management LLC now owns 1,458,102 shares of the industrial products company's stock valued at $15,806,000 after buying an additional 1,043,570 shares during the period. Mesirow Institutional Investment Management Inc. bought a new stake in shares of O-I Glass during the 4th quarter valued at about $10,885,000. Finally, Boothbay Fund Management LLC raised its stake in O-I Glass by 213.3% during the fourth quarter. Boothbay Fund Management LLC now owns 1,218,593 shares of the industrial products company's stock worth $13,210,000 after acquiring an additional 829,662 shares during the period. Institutional investors own 97.24% of the company's stock.

O-I Glass Trading Up 0.3 %

OI stock traded up $0.04 on Wednesday, hitting $13.26. 1,152,652 shares of the company were exchanged, compared to its average volume of 1,572,723. The stock has a market capitalization of $2.05 billion, a price-to-earnings ratio of -18.68, a price-to-earnings-growth ratio of 0.24 and a beta of 0.93. The business's fifty day moving average is $11.45 and its two-hundred day moving average is $11.53. O-I Glass has a twelve month low of $9.23 and a twelve month high of $14.15. The company has a debt-to-equity ratio of 3.78, a current ratio of 1.15 and a quick ratio of 0.70.

O-I Glass (NYSE:OI - Get Free Report) last issued its earnings results on Tuesday, April 29th. The industrial products company reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.22. The business had revenue of $1.57 billion for the quarter, compared to analyst estimates of $1.55 billion. O-I Glass had a positive return on equity of 8.27% and a negative net margin of 1.62%. The business's quarterly revenue was up .4% on a year-over-year basis. During the same period last year, the company posted $0.45 EPS. As a group, research analysts forecast that O-I Glass will post 1.33 earnings per share for the current year.

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.