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

O-I Glass, Inc. (NYSE:OI - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the eight ratings firms that are currently covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is $15.88.

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

O-I Glass Stock Up 3.8%

Shares of OI traded up $0.52 during mid-day trading on Thursday, hitting $14.03. 3,806,955 shares of the company's stock were exchanged, compared to its average volume of 1,528,329. The company has a market cap of $2.17 billion, a price-to-earnings ratio of -11.13, a P/E/G ratio of 0.29 and a beta of 0.96. O-I Glass has a fifty-two week low of $9.23 and a fifty-two week high of $14.34. The company has a debt-to-equity ratio of 3.83, a quick ratio of 0.73 and a current ratio of 1.24. The stock's 50-day moving average is $12.89 and its 200-day moving average is $11.76.

O-I Glass (NYSE:OI - Get Free Report) last released its earnings results on Tuesday, April 29th. The industrial products company reported $0.40 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.18 by $0.22. The company had revenue of $1.57 billion for the quarter, compared to analyst estimates of $1.55 billion. O-I Glass had a negative net margin of 2.98% and a positive return on equity of 8.48%. The firm's quarterly revenue was up .4% on a year-over-year basis. During the same period in the prior year, the business earned $0.45 EPS. On average, sell-side analysts anticipate that O-I Glass will post 1.33 earnings per share for the current fiscal year.

Institutional Trading of O-I Glass

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. GAMMA Investing LLC increased its position in shares of O-I Glass by 79.3% during the first quarter. GAMMA Investing LLC now owns 2,583 shares of the industrial products company's stock worth $30,000 after purchasing an additional 1,142 shares in the last quarter. Caitong International Asset Management Co. Ltd acquired a new position in O-I Glass during the first quarter worth approximately $30,000. Sterling Capital Management LLC increased its position in O-I Glass by 807.2% during the fourth quarter. Sterling Capital Management LLC now owns 4,881 shares of the industrial products company's stock worth $53,000 after buying an additional 4,343 shares during the period. BI Asset Management Fondsmaeglerselskab A S acquired a new position in shares of O-I Glass in the 1st quarter valued at $85,000. Finally, New Age Alpha Advisors LLC acquired a new position in shares of O-I Glass in the 4th quarter valued at $86,000. Institutional investors and hedge funds own 97.24% of the company's stock.

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.