O-I earns BB credit rating

  Company news

O-I has received a “BB” credit rating from analysts, which suggests that the company is an above-average default risk. The analysts also gave the stock a four star rating. O-I last released its earnings data on 2 February, reporting USD 0.46 earnings per share (EPS) for the quarter, meeting the consensus estimate.

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O-I has received a BB credit rating
Owens-Illinois (O-I) has received a “BB” credit rating from analysts at Morningstar. The investment research firm’s “BB” rating suggests that the company is an above-average default risk. They also gave the stock a four star rating.
A number of other analysts have also recently weighed in on O-I. Analysts at Citigroup Inc. reiterated a “hold” rating and set a USD 27.00 price target (up previously from USD 26.00) on shares of O-I in a research note on 11 February. Analysts at Barclays lowered their price target on shares of O-I from USD 25.00 to USD 24.00 and set an “equal weight” rating on the stock in a research note on 20 January. Analysts at Bank of America lowered their price target on shares of O-I from USD 27.00 to USD 26.00 and set an “underperform” rating on the stock in a research note on 9 December.
Finally, analysts at BMO Capital Markets downgraded shares of O-I from an “outperform” rating to a “market perform” rating in a research note on 20 November. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “hold” and a consensus target price of USD 29.67.
O-I opened at 26.36 on 17 February. O-I has a one year low of USD 22.65 and a one year high of USD 35.18. The stock’s 50-day moving average is USD 24.85 and its 200-day moving average is USD 26.93. The company has a m...


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