O-I Glass, Inc. (NYSE:OI) Receives $17.30 Average Target Price from Analysts

O-I Glass, Inc. (NYSE:OI - Get Free Report) has been given a consensus rating of "Moderate Buy" by the ten ratings firms that are covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $17.30.

A number of analysts have weighed in on OI shares. Citigroup increased their price target on O-I Glass from $14.00 to $16.00 and gave the stock a "neutral" rating in a report on Thursday, July 3rd. BNP Paribas set a $18.00 price target on O-I Glass in a report on Wednesday, June 25th. Wall Street Zen upgraded O-I Glass from a "hold" rating to a "buy" rating in a report on Sunday, June 29th. Barclays increased their price target on O-I Glass from $13.00 to $14.00 and gave the stock an "equal weight" rating in a report on Friday, May 2nd. Finally, UBS Group reiterated a "buy" rating and set a $19.00 price target (up from $17.00) on shares of O-I Glass in a report on Wednesday, July 9th.

Hedge Funds Weigh In On O-I Glass

Large investors have recently added to or reduced their stakes in the business. GAMMA Investing LLC lifted its position in O-I Glass by 79.3% in the 1st quarter. GAMMA Investing LLC now owns 2,583 shares of the industrial products company's stock valued at $30,000 after acquiring an additional 1,142 shares in the last quarter. Caitong International Asset Management Co. Ltd bought a new position in O-I Glass in the 1st quarter valued at about $30,000. Sterling Capital Management LLC lifted its position in O-I Glass by 807.2% in the 4th quarter. Sterling Capital Management LLC now owns 4,881 shares of the industrial products company's stock valued at $53,000 after acquiring an additional 4,343 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S bought a new position in O-I Glass in the 1st quarter valued at about $85,000. Finally, New Age Alpha Advisors LLC bought a new position in O-I Glass in the 4th quarter valued at about $86,000. Institutional investors own 97.24% of the company's stock.

O-I Glass Trading Up 0.7%

NYSE OI traded up $0.11 on Monday, reaching $14.55. The company had a trading volume of 1,199,939 shares, compared to its average volume of 1,519,056. The firm has a market cap of $2.25 billion, a price-to-earnings ratio of -11.54, a P/E/G ratio of 0.29 and a beta of 0.97. O-I Glass has a fifty-two week low of $9.23 and a fifty-two week high of $16.04. The business has a 50 day moving average of $14.12 and a two-hundred day moving average of $12.32. The company has a debt-to-equity ratio of 3.83, a current ratio of 1.24 and a quick ratio of 0.73.

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 earnings per share for the quarter, beating analysts' consensus estimates of $0.18 by $0.22. O-I Glass had a positive return on equity of 8.48% and a negative net margin of 2.98%. The business had revenue of $1.57 billion during the quarter, compared to the consensus estimate of $1.55 billion. During the same period in the prior year, the business posted $0.45 earnings per share. O-I Glass's quarterly revenue was up .4% on a year-over-year basis. Analysts forecast that O-I Glass will post 1.33 EPS 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.