O-I Glass, Inc. (NYSE:OI - Get Free Report) was the target of some unusual options trading on Wednesday. Stock traders bought 2,354 call options on the company. This is an increase of approximately 3,039% compared to the typical volume of 75 call options.
Wall Street Analysts Forecast Growth
A number of research analysts have commented on OI shares. Wall Street Zen raised O-I Glass from a "hold" rating to a "buy" rating in a research report on Sunday. BNP Paribas Exane started coverage on O-I Glass in a research report on Wednesday. They set an "outperform" rating and a $18.00 price target for the company. Truist Financial reaffirmed a "buy" rating and set a $16.00 price target (up previously from $13.00) on shares of O-I Glass in a research report on Thursday, May 1st. Citigroup upped their price target on O-I Glass from $11.00 to $14.00 and gave the company a "neutral" rating in a research report on Friday, May 9th. Finally, 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 research report on Friday, May 2nd. Two research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $16.30.
Get Our Latest Stock Report on OI
O-I Glass Stock Down 2.7%
Shares of NYSE:OI traded down $0.43 during trading on Friday, hitting $15.09. The stock had a trading volume of 3,853,081 shares, compared to its average volume of 1,529,018. O-I Glass has a 12 month low of $9.23 and a 12 month high of $15.58. The company has a market capitalization of $2.33 billion, a PE ratio of -11.97, a PEG ratio of 0.31 and a beta of 0.96. The firm's fifty day moving average is $13.30 and its 200 day moving average is $11.87. The company has a quick ratio of 0.73, a current ratio of 1.24 and a debt-to-equity ratio of 3.83.
O-I Glass (NYSE:OI - Get Free Report) last announced its earnings results 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. O-I Glass had a positive return on equity of 8.48% and a negative net margin of 2.98%. The firm had revenue of $1.57 billion during the quarter, compared to analyst estimates of $1.55 billion. During the same quarter in the prior year, the company earned $0.45 EPS. The business's revenue was up .4% compared to the same quarter last year. Analysts anticipate that O-I Glass will post 1.33 EPS for the current fiscal year.
Institutional Inflows and Outflows
Several institutional investors have recently made changes to their positions in OI. Cooper Creek Partners Management LLC increased its position in O-I Glass by 18.2% during the 4th quarter. Cooper Creek Partners Management LLC now owns 11,082,262 shares of the industrial products company's stock valued at $120,132,000 after buying an additional 1,705,216 shares in the last quarter. FMR LLC increased its position in O-I Glass by 6.9% during the 4th quarter. FMR LLC now owns 10,054,398 shares of the industrial products company's stock valued at $108,990,000 after buying an additional 647,237 shares in the last quarter. Dimensional Fund Advisors LP increased its position in O-I Glass by 9.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 7,449,472 shares of the industrial products company's stock valued at $80,749,000 after buying an additional 617,460 shares in the last quarter. Highland Peak Capital LLC increased its position in O-I Glass by 87.5% during the 4th quarter. Highland Peak Capital LLC now owns 3,877,259 shares of the industrial products company's stock valued at $42,029,000 after buying an additional 1,809,237 shares in the last quarter. Finally, Segall Bryant & Hamill LLC increased its position in O-I Glass by 31.5% during the 4th quarter. Segall Bryant & Hamill LLC now owns 3,242,750 shares of the industrial products company's stock valued at $35,151,000 after buying an additional 777,036 shares in the last quarter. Institutional investors own 97.24% of the company's stock.
O-I Glass Company Profile
(
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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