Stocks of O-I Glass Inc. (NYSE:OI) traded higher last session on Wall Street, down -0.06% to $16.56.
According to the data, O-I Glass Inc. (NYSE:OI) has 13 analysts covering its stock. The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $24.00 and a low of $12.00, we find $16.00. Given the previous closing price of $16.57, this indicates a potential downside of -3.44 percent. OI stock price is now 0.72% away from the 50-day moving average and 13.62% away from the 200-day moving average. The market capitalization of the company currently stands at $2.59B.
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A total of 7 analysts have issued a hold rating and 3 have given it a buy rating. Brokers who have rated the stock have averaged $16.75 as their price target over the next twelve months.
With the price target reduced from $15 to $13, Barclays Downgraded its rating from Equal Weight to Underweight for O-I Glass Inc. (NYSE: OI). On May 27, 2022, BofA Securities Upgraded its previous ‘Neutral’ rating to ‘Buy’ on the stock increasing its target price from $15 to quote $19, while ‘Credit Suisse’ rates the stock as ‘Outperform’.
Insiders disposed of 115,561 shares of company stock worth roughly $1.91 million over the past 1 year. A total of 0.10% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in OI stock. A new stake in O-I Glass Inc. shares was purchased by GREAT WEST LIFE ASSURANCE CO /CAN/ during the first quarter worth $89,520,000. CANDRIAM S.C.A. invested $22,104,000 in shares of OI during the first quarter. In the first quarter, POINT72 ASSET MANAGEMENT, L.P. acquired a new stake in O-I Glass Inc. valued at approximately $17,793,000. COOPER CREEK PARTNERS MANAGEMENT LLC acquired a new stake in OI for approximately $12,548,000. SCOPUS ASSET MANAGEMENT, L.P. purchased a new stake in OI valued at around $5,382,000 in the second quarter. In total, there are 339 active investors with 97.00% ownership of the company’s stock.
Tuesday’s opening bell rang with an opening price of $16.70 for O-I Glass Inc. (NYSE: OI). During the past 12 months, O-I Glass Inc. has had a low of $11.51 and a high of $17.94. As of last week, the company has a debt-to-equity ratio of 3.44, a current ratio of 1.20, and a quick ratio of 0.80. The fifty day moving average price for OI is $16.44 and a two-hundred day moving average price translates $14.58 for the stock.
The latest earnings results from O-I Glass Inc. (NYSE: OI) was released for Jun, 2022. According to the Packaging & Containers Company, earnings per share came in at $0.73, beating analysts’ expectations of $0.65 by 0.08. This compares to $0.05 EPS in the same period last year. The net profit margin was 9.10% and return on equity was 59.10% for OI. The company reported revenue of $1.69 billion for the quarter, compared to $1.61 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 5.22 percent. For the current quarter, analysts expect OI to generate $1.67B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 03/16/2020. Investors who held shares on 02/28/2020 were paid a $0.05 dividend.
O-I Glass Inc.(OI) Company Profile
O-I Glass, Inc., through its subsidiaries, manufactures and sells glass containers to food and beverage manufacturers primarily in the Americas, Europe, and the Asia Pacific. The company produces glass containers for alcoholic beverages, including beer, flavored malt beverages, spirits, and wine. It is also involved in the production of glass packaging for various food items, soft drinks, tea, juices, and pharmaceuticals. In addition, the company offers glass containers in a range of sizes, shapes, and colors. It sells its products directly to customers under annual or multi-year supply agreements, as well as through distributors. The company was founded in 1903 and is headquartered in Perrysburg, Ohio.
