Owens-Illinois receives ‘hold’ average

Owens-Illinois (NYSE:OI) has received an average rating of “Hold” from fifteen ratings firms.

Twelve investment analysts have rated OI stock with a hold recommendation and three have assigned a buy recommendation. The average twelve-month target price among brokers that have covered the stock in the last year is $28.64.

Owens-Illinois opened at 21.98 on Thursday 16 July. Owens-Illinois has a 52-week low of $21.75 and a 52-week high of $33.76. The stock has a 50-day moving average of $23.45 and a 200-day moving average of $24.26. The company has a market cap of $3.54 billion and a P/E ratio of 81.11.

The shares ended in red amid Friday’s volatile trading. They closed down 0.29 points or 1.3% at $21.98 with 1,098,571 shares being traded.

Owens-Illinois last issued its quarterly earnings data on Tuesday, April 28th. The company reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.02. The company had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.43 billion. During the same quarter in the previous year, the company posted $0.62 earnings per share. The company’s revenue for the quarter was down 12.5% on a year-over-year basis. On average, analysts predict that Owens-Illinois will post $2.15 earnings per share for the current fiscal year.

Insider Sergio B.O. Galindo sold 5,236 shares of Owens-Illinois stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $24.06, for a total value of $125,978.16.

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