The stock of Owens-Illinois Inc (NYSE:OI) is a huge mover today! About 1.15 million shares traded hands. Owens-Illinois Inc (NYSE:OI) has declined 0.05% since April 28, 2016 and is downtrending. It has underperformed by 5.98% the S&P500.
The move comes after 7 months positive chart setup for the $3.13B company. It was reported on Dec, 1 by Barchart.com. We have $19.99 PT which if reached, will make NYSE:OI worth $156.50 million more.
Analysts await Owens-Illinois Inc (NYSE:OI) to report earnings on February, 13. They expect $0.48 earnings per share, up 20.00% or $0.08 from last year’s $0.4 per share. OI’s profit will be $78.91 million for 9.92 P/E if the $0.48 EPS becomes a reality. After $0.68 actual earnings per share reported by Owens-Illinois Inc for the previous quarter, Wall Street now forecasts -29.41% negative EPS growth.
Owens-Illinois Inc (NYSE:OI) Ratings Coverage
Out of 11 analysts covering Owens-Illinois Inc (NYSE:OI), 3 rate it a “Buy”, 1 “Sell”, while 7 “Hold”. This means 27% are positive. Owens-Illinois Inc has been the topic of 18 analyst reports since July 31, 2015 according to StockzIntelligence Inc. The rating was downgraded by Deutsche Bank on Tuesday, November 22 to “Hold”. The stock has “Hold” rating given by TheStreet on Friday, July 31. The rating was initiated by Goldman Sachs on Thursday, May 12 with “Sell”. Credit Suisse maintained it with “Outperform” rating and $21 target price in Wednesday, March 2 report. Citigroup upgraded it to “Buy” rating and $19 target price in Wednesday, April 6 report. The firm has “Neutral” rating by Credit Suisse given on Friday, October 30. The company was upgraded on Tuesday, September 15 by Bank of America. RBC Capital Markets initiated Owens-Illinois Inc (NYSE:OI) rating on Friday, September 30. RBC Capital Markets has “Sector Perform” rating and $18 price target. The rating was maintained by Jefferies on Thursday, July 14 with “Hold”. The rating was initiated by Macquarie Research on Tuesday, November 10 with “Neutral”.
According to Zacks Investment Research, “Owens-Illinois, Inc. manufactures and sells glass container products to food and beverage manufacturers primarily in Europe, North America, South America, and the Asia Pacific. The Company produces glass containers for malt beverages, including beer and ready-to-drink low-alcohol refreshers, liquor, wine, food, tea, juice and pharmaceuticals. It also produces glass containers for soft drinks and other non-alcoholic beverages. Owens-Illinois, Inc. is headquartered in Perrysburg, Ohio.”
Insitutional Activity: The institutional sentiment decreased to 1.26 in 2016 Q2. Its down 0.02, from 1.28 in 2016Q1. The ratio is negative, as 34 funds sold all Owens-Illinois Inc shares owned while 84 reduced positions. 57 funds bought stakes while 94 increased positions. They now own 134.99 million shares or 4.92% less from 141.97 million shares in 2016Q1.
Eii Cap Management reported 120,031 shares or 0.63% of all its holdings. Price T Rowe Assoc Md holds 299,030 shares or 0% of its portfolio. Snow Management Limited Partnership, a Pennsylvania-based fund reported 532,485 shares. Architects holds 0.01% or 1,063 shares in its portfolio. Citigroup owns 16,371 shares or 0% of their US portfolio. Rhumbline Advisers has 0.01% invested in the company for 256,142 shares. Euclid Advsr Lc holds 0.01% of its portfolio in Owens-Illinois Inc (NYSE:OI) for 7,570 shares. Hutchin Hill L P owns 600,000 shares or 0.36% of their US portfolio. Parametric Limited Liability has invested 0.02% of its portfolio in Owens-Illinois Inc (NYSE:OI). Bernzott Cap Advsr has 3.57% invested in the company for 1.01 million shares. Allianz Asset Mgmt Ag has 751,433 shares for 0.01% of their US portfolio. State Treasurer State Of Michigan accumulated 0.01% or 56,218 shares. State Of Tennessee Treasury Department holds 0.01% or 103,695 shares in its portfolio. Barclays Public Limited, a United Kingdom-based fund reported 23,514 shares. Oarsman Capital holds 2% of its portfolio in Owens-Illinois Inc (NYSE:OI) for 213,790 shares.
Insider Transactions: Since June 15, 2016, the stock had 1 buy, and 0 selling transactions for $63,406 net activity. Hardie Gordon bought $63,406 worth of stock.
Another recent and important Owens-Illinois Inc (NYSE:OI) news was published by Streetinsider.com which published an article titled: “Form 8-K OWENS ILLINOIS INC /DE/ For: Nov 29” on November 29, 2016.
OI Company Profile
Owens-Illinois, Inc., incorporated on March 10, 1987, is engaged in the manufacturing of glass containers. The Company’s principal product lines are glass containers for the food and beverage industries. The Firm operates in four divisions: Europe, North America, Latin America and Asia Pacific. The Firm produces glass containers for alcoholic beverages, including beer, flavored malt beverages, spirits and wine. The Firm also produces glass packaging for a range of food items, soft drinks, teas, juices and pharmaceuticals. The Firm makes glass containers in a range of sizes, shapes and colors and is engaged in product development and glass container innovation. The Firm also provides engineering support for its glass manufacturing activities through facilities located in the United States, Australia, Poland, Colombia and Peru.
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