The price of O-I Glass Inc. (NYSE:OI) shares last traded on Wall Street fell -10.83% to $20.00.
Based on available information, 10 analysts follow O-I Glass Inc. (NYSE:OI). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $32.00 and a low of $19.00, we find $28.00. Given the previous closing price of $22.43, this indicates a potential upside of 24.83 percent. OI stock price is now -8.19% away from the 50-day moving average and -0.27% away from the 200-day moving average. The market capitalization of the company currently stands at $3.09B.
Among analysts, 1 rate the stock a hold while 5 rate it a buy. Brokers who have rated the stock have averaged $27.00 as their price target over the next twelve months.
With the price target enhanced from $20 to $34, RBC Capital Mkts Upgraded its rating from Sector Perform to Outperform for O-I Glass Inc. (NYSE: OI).
In other news, Lopez Andres Alberto, President & CEO sold 76,132 shares of the company’s stock on Jun 07. The stock was sold for $1,715,756 at an average price of $22.54. Upon completion of the transaction, the President & CEO now directly owns 1,036,969 shares in the company, valued at $20.74 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 06, President & CEO Lopez Andres Alberto sold 59,174 shares of the business’s stock. A total of $1,303,130 was realized by selling the stock at an average price of $22.02. This leaves the insider owning 1,113,101 shares of the company worth $22.26 million. Insiders disposed of 463,919 shares of company stock worth roughly $9.28 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 DRIEHAUS CAPITAL MANAGEMENT LLC during the first quarter worth $18,770,000. CASTLEARK MANAGEMENT LLC invested $5,666,000 in shares of OI during the first quarter. In the first quarter, PANAGORA ASSET MANAGEMENT INC acquired a new stake in O-I Glass Inc. valued at approximately $4,581,000. EAM GLOBAL INVESTORS LLC acquired a new stake in OI for approximately $4,159,000. SMITH, GRAHAM & CO., INVESTMENT ADVISORS, LP purchased a new stake in OI valued at around $3,862,000 in the second quarter.
A candlestick chart of O-I Glass Inc. (NYSE: OI) showed a price of $21.97 on Wednesday morning. During the past 12 months, O-I Glass Inc. has had a low of $12.05 and a high of $23.57. As of last week, the company has a debt-to-equity ratio of 2.69, a current ratio of 1.20, and a quick ratio of 0.80. According to the stock market information, the enterprise value for the company is $7.77B, which is based on a 4.53 price-to-earnings ratio, a 0.47 price-to-earnings-growth ratio, and a beta of 1.36. The fifty day moving average price for OI is $21.75 and a two-hundred day moving average price translates $20.08 for the stock.
According to the Packaging & Containers Company, earnings per share came in at $1.29, beating analysts’ expectations of $0.85 by 0.44. This compares to $0.77 EPS in the same period last year. The net profit margin was 10.00% and return on equity was 49.50% for OI. The company reported revenue of $1.83 billion for the quarter, compared to $1.69 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 8.22 percent. For the current quarter, analysts expect OI to generate $1.68B 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.
