O-I Glass, Inc. (NYSE:OI - Get Free Report)'s stock price reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $15.59 and last traded at $15.57, with a volume of 1325609 shares trading hands. The stock had previously closed at $15.13.
Wall Street Analysts Forecast Growth
OI has been the topic of several recent research reports. BNP Paribas set a $18.00 price target on O-I Glass in a report on Wednesday, June 25th. Wall Street Zen raised O-I Glass from a "hold" rating to a "buy" rating in a research report on Sunday. Truist Financial restated a "buy" rating and set a $16.00 target price (up from $13.00) on shares of O-I Glass in a research note on Thursday, May 1st. Citigroup raised their target price on shares of O-I Glass from $14.00 to $16.00 and gave the company a "neutral" rating in a report on Thursday. Finally, BNP Paribas Exane began coverage on shares of O-I Glass in a research note on Wednesday, June 25th. They issued an "outperform" rating and a $18.00 price target for the company. Two research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, O-I Glass has a consensus rating of "Moderate Buy" and a consensus price target of $16.50.
Check Out Our Latest Report on O-I Glass
O-I Glass Price Performance
The stock has a market capitalization of $2.42 billion, a price-to-earnings ratio of -12.44, a P/E/G ratio of 0.32 and a beta of 0.97. The company has a quick ratio of 0.73, a current ratio of 1.24 and a debt-to-equity ratio of 3.83. The stock has a fifty day moving average of $13.61 and a 200-day moving average of $11.97.
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 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 negative net margin of 2.98% and a positive return on equity of 8.48%. The company's revenue was up .4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.45 EPS. On average, equities research analysts predict that O-I Glass, Inc. will post 1.33 EPS for the current fiscal year.
Institutional Trading of O-I Glass
A number of hedge funds and other institutional investors have recently made changes to their positions in OI. Mitsubishi UFJ Trust & Banking Corp increased its holdings in shares of O-I Glass by 2.2% in the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 42,900 shares of the industrial products company's stock valued at $465,000 after acquiring an additional 916 shares during the period. Russell Investments Group Ltd. grew its position in O-I Glass by 1.5% during the 1st quarter. Russell Investments Group Ltd. now owns 70,572 shares of the industrial products company's stock worth $809,000 after purchasing an additional 1,074 shares during the last quarter. GAMMA Investing LLC increased its stake in O-I Glass by 79.3% in the first quarter. GAMMA Investing LLC now owns 2,583 shares of the industrial products company's stock valued at $30,000 after purchasing an additional 1,142 shares during the period. SummerHaven Investment Management LLC raised its holdings in shares of O-I Glass by 1.6% in the first quarter. SummerHaven Investment Management LLC now owns 75,226 shares of the industrial products company's stock valued at $863,000 after buying an additional 1,204 shares during the last quarter. Finally, Baird Financial Group Inc. raised its holdings in shares of O-I Glass by 9.6% in the fourth quarter. Baird Financial Group Inc. now owns 16,152 shares of the industrial products company's stock valued at $175,000 after buying an additional 1,410 shares during the last quarter. Institutional investors and hedge funds own 97.24% of the company's stock.
About O-I Glass
(
Get Free Report)
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.
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