O-I Glass, Inc. (NYSE:OI) Receives Consensus Rating of "Moderate Buy" from Brokerages

Shares of O-I Glass, Inc. (NYSE:OI - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the eight analysts that are currently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $15.88.

A number of research firms have weighed in on OI. Wall Street Zen upgraded O-I Glass from a "hold" rating to a "buy" rating in a research report on Saturday, May 24th. Truist Financial restated a "buy" rating and issued a $16.00 target price (up from $13.00) on shares of O-I Glass in a research report on Thursday, May 1st. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $16.00 price target on shares of O-I Glass in a report on Monday, March 17th. Barclays upped their price target on O-I Glass from $13.00 to $14.00 and gave the company an "equal weight" rating in a report on Friday, May 2nd. Finally, Citigroup upped their price target on O-I Glass from $11.00 to $14.00 and gave the company a "neutral" rating in a report on Friday, May 9th.

Institutional Trading of O-I Glass

Several large investors have recently added to or reduced their stakes in OI. Barclays PLC raised its stake in O-I Glass by 349.3% during the 3rd quarter. Barclays PLC now owns 261,161 shares of the industrial products company's stock valued at $3,427,000 after purchasing an additional 203,037 shares during the period. SG Americas Securities LLC grew its holdings in shares of O-I Glass by 27.5% during the 4th quarter. SG Americas Securities LLC now owns 21,023 shares of the industrial products company's stock valued at $228,000 after acquiring an additional 4,528 shares in the last quarter. KBC Group NV grew its holdings in shares of O-I Glass by 42.5% during the 4th quarter. KBC Group NV now owns 7,740 shares of the industrial products company's stock valued at $84,000 after acquiring an additional 2,309 shares in the last quarter. R Squared Ltd purchased a new position in shares of O-I Glass during the 4th quarter valued at $45,000. Finally, EMC Capital Management grew its holdings in shares of O-I Glass by 166.1% during the 4th quarter. EMC Capital Management now owns 21,211 shares of the industrial products company's stock valued at $230,000 after acquiring an additional 13,241 shares in the last quarter. 97.24% of the stock is owned by institutional investors and hedge funds.

O-I Glass Stock Performance

OI stock traded up $0.10 during midday trading on Friday, reaching $13.16. The company had a trading volume of 848,761 shares, compared to its average volume of 1,550,602. The company has a quick ratio of 0.70, a current ratio of 1.15 and a debt-to-equity ratio of 3.78. The stock has a 50 day moving average price of $12.08 and a 200 day moving average price of $11.68. O-I Glass has a fifty-two week low of $9.23 and a fifty-two week high of $14.34. The firm has a market capitalization of $2.04 billion, a PE ratio of -18.54, a P/E/G ratio of 0.24 and a beta of 0.93.

O-I Glass (NYSE:OI - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The industrial products company reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.22. The business had revenue of $1.57 billion during the quarter, compared to the consensus estimate 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 revenue was up .4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.45 earnings per share. Analysts anticipate that O-I Glass will post 1.33 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.