Shares of Owens-Illinois Inc (NYSE:OI) have earned a consensus recommendation of “Hold” from the twelve analysts that are currently covering the stock, MarketBeat Ratings reports. Three research analysts have rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $21.76.
Several research analysts recently weighed in on OI shares. Bank of America lowered Genesee & Wyoming from a “neutral” rating to an “underperform” rating and set a $88.65 price objective for the company. in a research report on Tuesday, April 30th. Wells Fargo & Co reiterated a “buy” rating and issued a $115.00 price objective on shares of Tractor Supply in a research report on Wednesday, May 15th. ValuEngine upgraded Zynerba Pharmaceuticals from a “hold” rating to a “buy” rating in a research report on Tuesday, April 30th. Finally, UFS upgraded Owens-Illinois from a “neutral” rating to a “buy” rating in a research report on Tuesday, April 30th.
Owens-Illinois stock traded down $0.02 during mid-day trading on Friday, hitting $16.90. The company’s stock had a trading volume of 705,900 shares, compared to its average volume of 1,151,041. The firm has a market cap of $2.63 billion, a price-to-earnings ratio of 6.21, a PEG ratio of 0.85 and a beta of 1.43. Owens-Illinois has a 1 year low of $15.67 and a 1 year high of $20.78. The company has a quick ratio of 0.83, a current ratio of 1.39 and a debt-to-equity ratio of 5.76. The business has a fifty day moving average price of $16.93.
Owens-Illinois (NYSE:OI) last issued its quarterly earnings data on Wednesday, May 1st. The industrial products company reported $0.51 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.02). The business had revenue of $1.60 billion during the quarter, compared to analysts’ expectations of $1.65 billion. Owens-Illinois had a return on equity of 43.45% and a net margin of 3.53%. The company’s revenue was down 7.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.59 earnings per share. As a group, analysts predict that Owens-Illinois will post 2.89 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Monday, June 17th. Shareholders of record on Friday, May 31st were paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 1.18%. The ex-dividend date was Thursday, May 30th. Owens-Illinois’s dividend payout ratio (DPR) is 7.35%.
A number of large investors have recently added to or reduced their stakes in the business. Great West Life Assurance Co. Can lifted its stake in Owens-Illinois by 2.0% during the first quarter. Great West Life Assurance Co. Can now owns 7,163,900 shares of the industrial products company’s stock worth $135,560,000 after purchasing an additional 141,987 shares in the last quarter. LSV Asset Management raised its stake in shares of Owens-Illinois by 6.4% in the first quarter. LSV Asset Management now owns 5,357,391 shares of the industrial products company’s stock valued at $101,683,000 after acquiring an additional 324,030 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Owens-Illinois by 0.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,296,265 shares of the industrial products company’s stock valued at $56,828,000 after acquiring an additional 8,718 shares in the last quarter. Thrivent Financial for Lutherans raised its stake in shares of Owens-Illinois by 3.7% in the fourth quarter. Thrivent Financial for Lutherans now owns 3,219,615 shares of the industrial products company’s stock valued at $55,506,000 after acquiring an additional 114,465 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its stake in shares of Owens-Illinois by 8.7% in the fourth quarter. Bank of New York Mellon Corp now owns 1,905,131 shares of the industrial products company’s stock valued at $32,844,000 after acquiring an additional 152,020 shares in the last quarter. Institutional investors own 93.15% of the company’s stock.
Owens-Illinois Company Profile
Owens-Illinois, Inc, through its subsidiaries, manufactures and sells glass containers to food and beverage manufacturers primarily in Americas, Europe, and Asia Pacific. It produces glass containers for alcoholic beverages, including beer, flavored malt beverages, spirits, and wine. The company is also involved in the production of glass packaging for various food items, soft drinks, teas, juices, and pharmaceuticals.
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