Owens-Illinois Inc (NYSE:OI) has been given a consensus recommendation of “Hold” by the twelve ratings firms that are covering the stock, Marketbeat Ratings reports. Three investment analysts have rated the stock with a sell recommendation, six have issued a hold recommendation and two have issued a buy recommendation on the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $21.24.
Several research firms have issued reports on OI. Zacks Investment Research cut Owens-Illinois from a “hold” rating to a “sell” rating in a research report on Friday, February 1st. BMO Capital Markets dropped their target price on Owens-Illinois to $21.00 and set a “market perform” rating on the stock in a research report on Thursday. Bank of America cut Owens-Illinois from a “buy” rating to a “neutral” rating and set a $19.72 target price on the stock. in a research report on Thursday. They noted that the move was a valuation call. TheStreet upgraded Owens-Illinois from a “c+” rating to a “b” rating in a research report on Friday, January 25th. Finally, ValuEngine upgraded Owens-Illinois from a “strong sell” rating to a “sell” rating in a research report on Thursday, January 24th.
Several large investors have recently made changes to their positions in the company. Trillium Asset Management LLC boosted its stake in shares of Owens-Illinois by 0.4% during the 4th quarter. Trillium Asset Management LLC now owns 360,181 shares of the industrial products company’s stock worth $6,210,000 after acquiring an additional 1,309 shares in the last quarter. Hourglass Capital LLC boosted its stake in shares of Owens-Illinois by 11.4% during the 4th quarter. Hourglass Capital LLC now owns 14,700 shares of the industrial products company’s stock worth $253,000 after acquiring an additional 1,500 shares in the last quarter. PNC Financial Services Group Inc. lifted its stake in Owens-Illinois by 22.1% in the 4th quarter. PNC Financial Services Group Inc. now owns 90,500 shares of the industrial products company’s stock valued at $1,560,000 after buying an additional 16,394 shares in the last quarter. Boston Partners lifted its stake in Owens-Illinois by 6.9% in the 4th quarter. Boston Partners now owns 1,669,776 shares of the industrial products company’s stock valued at $28,787,000 after buying an additional 107,961 shares in the last quarter. Finally, Mackenzie Financial Corp lifted its stake in Owens-Illinois by 1,235.1% in the 4th quarter. Mackenzie Financial Corp now owns 268,802 shares of the industrial products company’s stock valued at $4,634,000 after buying an additional 248,668 shares in the last quarter. 91.29% of the stock is currently owned by institutional investors and hedge funds.
NYSE OI opened at $18.72 on Wednesday. The company has a debt-to-equity ratio of 5.76, a quick ratio of 0.84 and a current ratio of 1.07. Owens-Illinois has a 12-month low of $15.67 and a 12-month high of $23.45. The company has a market cap of $2.97 billion, a price-to-earnings ratio of 6.88, a price-to-earnings-growth ratio of 0.99 and a beta of 1.38.
Owens-Illinois (NYSE:OI) last released its earnings results on Tuesday, February 5th. The industrial products company reported $0.61 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.62 by ($0.01). Owens-Illinois had a return on equity of 44.17% and a net margin of 3.75%. The business had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.68 billion. During the same quarter in the previous year, the firm posted $0.55 EPS. The business’s revenue for the quarter was down 5.9% on a year-over-year basis. As a group, equities research analysts forecast that Owens-Illinois will post 2.94 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, February 12th. Stockholders of record on Tuesday, January 22nd will be paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 1.07%. The ex-dividend date is Friday, January 18th. Owens-Illinois’s dividend payout ratio (DPR) is 7.35%.
Owens-Illinois Company Profile
Owens-Illinois, Inc, through its subsidiaries, manufactures and sells glass containers to food and beverage manufacturers primarily in Europe, North America, Latin America, and the Asia Pacific. It produces glass containers for alcoholic beverages, including beer, flavored malt beverages, spirits, and wine.
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