Owens-Illinois (OI) Given Coverage Optimism Rating of 0.07

News stories about Owens-Illinois (NYSE:OI) have trended somewhat positive this week, Accern Sentiment reports. Accern rates the sentiment of news coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Owens-Illinois earned a coverage optimism score of 0.07 on Accern’s scale. Accern also gave news coverage about the industrial products company an impact score of 47.3005923350563 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.

Owens-Illinois opened at $17.70 on Friday, Marketbeat.com reports. Owens-Illinois has a fifty-two week low of $16.22 and a fifty-two week high of $25.90. The company has a quick ratio of 0.76, a current ratio of 1.21 and a debt-to-equity ratio of 5.98. The stock has a market capitalization of $2.91 billion, a PE ratio of 6.68, a PEG ratio of 1.01 and a beta of 1.45.

Owens-Illinois (NYSE:OI) last posted its earnings results on Monday, July 23rd. The industrial products company reported $0.77 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.74 by $0.03. Owens-Illinois had a return on equity of 45.52% and a net margin of 2.01%. The business had revenue of $1.80 billion during the quarter, compared to the consensus estimate of $1.81 billion. During the same period in the previous year, the business earned $0.75 EPS. equities research analysts expect that Owens-Illinois will post 2.75 EPS for the current year.

Several research firms have recently issued reports on OI. Barclays lowered their price objective on Owens-Illinois from $25.00 to $20.00 and set an “equal weight” rating for the company in a research report on Wednesday, June 27th. Zacks Investment Research cut Owens-Illinois from a “hold” rating to a “sell” rating in a research report on Friday, June 22nd. ValuEngine cut Owens-Illinois from a “sell” rating to a “strong sell” rating in a research report on Wednesday, May 16th. Bank of America set a $22.00 target price on Owens-Illinois and gave the company a “hold” rating in a report on Wednesday, July 25th. Finally, Wells Fargo & Co reduced their target price on Owens-Illinois from $23.00 to $22.00 and set a “market perform” rating for the company in a report on Wednesday, April 25th. Three analysts have rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the company’s stock. Owens-Illinois has a consensus rating of “Hold” and a consensus target price of $24.08.

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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Insider Buying and Selling by Quarter for Owens-Illinois (NYSE:OI)

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