Jefferies Group Analysts Increase Earnings Estimates for Owens-Illinois, Inc. (NYSE:OI)


Other firms have also shifted positions in (OI). Finally, Barclays PLC increased their target price on Owens-Illinois from $20.00 to $22.00 and gave the stock an equal weight rating in a research note on Monday, May 1st. TheStreet raised shares of Owens-Illinois from a "c+" rating to a "b" rating in a report on Thursday, May 4th. Citigroup Inc. reduced their price target on Owens-Illinois from $28.00 to $24.00 and set an "underweight" rating for the company in a report on Friday, April 14th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, one has issued a buy rating and two have assigned a strong buy rating to the company's stock. The stock presently has an average rating of "Hold" and an average target price of $26.44.

Shares of Owens-Illinois (NYSE OI) opened at 23.45 on Wednesday. The firm's 50-day moving average price is $23.87 and its 200 day moving average price is $21.48. The company has a market capitalization of $3.82 billion, a PE ratio of 16.99 and a beta of 1.50. Owens-Illinois has a 1-year low of $16.80 and a 1-year high of $25.02.

Owens-Illinois (NYSE:OI) last announced its quarterly earnings results on Monday, July 31st.

The company is now unchanged from yesterday's close of $23.45. The company had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.77 billion. Owens-Illinois had a return on equity of 80.74% and a net margin of 2.84%. Next quarter's EPS is expected be $0.56 and the next full year EPS is anticipated to be $2.80. Equities analysts predict that Owens-Illinois, Inc. will post $2.63 EPS for the current year.

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Shares of Owens-Illinois, Inc. "(NYSE:OI) Upgraded to "Strong-Buy" at BidaskClub" was first reported by Chaffey Breeze and is the sole property of of Chaffey Breeze. If you are accessing this article on another website, it was illegally copied and republished in violation of United States and worldwide trademark and copyright law. Owens-Illinois updated its FY17 guidance to $2.55-2.65 EPS.

FMR LLC raised its stake in shares of Owens-Illinois, Inc. Sigma Planning Corp now owns 21,460 shares of the industrial products company's stock valued at $513,000 after buying an additional 100 shares during the last quarter. (NYSE:OI) by 918.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC).

Golub Group LLC grew its investment by buying 12,645 shares an increase of 0.9%. Private Advisor Group LLC acquired a new position in shares of Owens-Illinois during the first quarter worth approximately $196,000. James Investment Research Inc. bought a new stake in shares of Owens-Illinois during the first quarter valued at $149,000. Contravisory Investment Management Inc. now owns 13,982 shares of the industrial products company's stock valued at $334,000 after buying an additional 203 shares during the last quarter. Wedge Capital Management L L P NC owned 2.85% of Owens-Illinois worth $110,869,000 at the end of the most recent reporting period. Jefferies Group analyst P. Ng now forecasts that the industrial products company will post earnings per share of $2.51 for the year, up from their previous estimate of $2.48. Capstone Asset Management Co. now owns 18,614 shares of the industrial products company's stock worth $445,000 after buying an additional 510 shares during the last quarter. The Company produces glass containers for alcoholic beverages, including beer, flavored malt beverages, spirits and wine.