Could Owens-Illinois, Inc. (OI) Gain Strenght? The Stock Reaches 1 Year Low

April 25, 2018 - By Maria Brooks

Owens-Illinois, Inc. (NYSE:OI) Logo

Investors sentiment decreased to 1.09 in 2017 Q4. Its down 0.47, from 1.56 in 2017Q3. It fall, as 36 investors sold Owens-Illinois, Inc. shares while 95 reduced holdings. 39 funds opened positions while 104 raised stakes. 150.68 million shares or 0.48% more from 149.96 million shares in 2017Q3 were reported.
Comerica Commercial Bank stated it has 0.06% in Owens-Illinois, Inc. (NYSE:OI). Boston Advsrs Lc stated it has 0.03% of its portfolio in Owens-Illinois, Inc. (NYSE:OI). Guggenheim Ltd Limited Liability Company, Illinois-based fund reported 377,746 shares. Shell Asset Management owns 23,871 shares. Olstein Cap Management L P has 484,000 shares. California State Teachers Retirement Systems owns 268,370 shares. Pacad Ltd invested in 0.1% or 20,100 shares. Crestpoint Capital Mgmt Ltd reported 0.36% of its portfolio in Owens-Illinois, Inc. (NYSE:OI). Qs Ltd Llc reported 4,903 shares. Private Gp Inc reported 2.01 million shares. 71,060 were reported by Cubist Systematic Strategies Limited Liability Corp. M&T Bank & Trust, New York-based fund reported 13,118 shares. Arrowmark Colorado Holding Ltd reported 0.11% stake. Lyrical Asset Mngmt Limited Partnership reported 5.59 million shares. American Intll Grp reported 337,578 shares stake.

Since March 15, 2018, it had 0 insider buys, and 1 sale for $268,762 activity.

The stock of Owens-Illinois, Inc. (NYSE:OI) hit a new 52-week low and has $19.14 target or 8.00 % below today’s $20.80 share price. The 6 months bearish chart indicates high risk for the $3.40 billion company. The 1-year low was reported on Apr, 25 by Barchart.com. If the $19.14 price target is reached, the company will be worth $271.76M less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock.

The stock increased 1.17% or $0.24 during the last trading session, reaching $20.8. About 2.01 million shares traded or 44.07% up from the average. Owens-Illinois, Inc. (NYSE:OI) has risen 6.62% since April 25, 2017 and is uptrending. It has underperformed by 4.93% the S&P500.

Owens-Illinois, Inc. (NYSE:OI) Ratings Coverage

Among 4 analysts covering Owens-Illinois (NYSE:OI), 1 have Buy rating, 0 Sell and 3 Hold. Therefore 25% are positive. Owens-Illinois had 6 analyst reports since October 30, 2017 according to SRatingsIntel. The company was maintained on Friday, February 9 by Wells Fargo. The stock of Owens-Illinois, Inc. (NYSE:OI) has “Hold” rating given on Tuesday, April 24 by KeyBanc Capital Markets. The firm has “Hold” rating given on Thursday, February 1 by RBC Capital Markets. RBC Capital Markets maintained it with “Hold” rating and $26.0 target in Wednesday, December 13 report. The stock has “Hold” rating by KeyBanc Capital Markets on Monday, October 30. The stock of Owens-Illinois, Inc. (NYSE:OI) earned “Buy” rating by Vertical Research on Wednesday, February 7.

Owens-Illinois, Inc., through its subsidiaries, makes and sells glass containers to food and beverage manufacturers primarily in Europe, North America, Latin America, and the Asia Pacific. The company has market cap of $3.40 billion. It produces glass containers for alcoholic beverages, including beer, flavored malt beverages, spirits, and wine. It has a 19.05 P/E ratio. The firm is also involved in the production of glass packaging for various food items, soft drinks, teas, juices, and pharmaceuticals.

Owens-Illinois, Inc. (NYSE:OI) Institutional Positions Chart

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