Royal Bank Of Canada Analysts Give Owens-Illinois, Inc. (OI) a $27.00 Price Target

Royal Bank Of Canada set a $27.00 price target on Owens-Illinois, Inc. (NYSE:OI) in a research report sent to investors on Tuesday. The brokerage currently has a hold rating on the industrial products company’s stock.

A number of other brokerages also recently commented on OI. Robert W. Baird reaffirmed a hold rating and issued a $25.00 price target on shares of Owens-Illinois in a report on Thursday, October 12th. ValuEngine raised shares of Owens-Illinois from a buy rating to a strong-buy rating in a report on Friday, October 13th. Zacks Investment Research downgraded shares of Owens-Illinois from a buy rating to a sell rating in a report on Tuesday, October 3rd. UBS AG began coverage on shares of Owens-Illinois in a report on Tuesday, September 5th. They issued a neutral rating and a $26.00 price target for the company. Finally, Jefferies Group LLC reaffirmed a hold rating and issued a $27.00 price target (up previously from $26.00) on shares of Owens-Illinois in a report on Wednesday, August 2nd. Three analysts have rated the stock with a sell rating, seven have issued a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of Hold and an average price target of $25.80.

Owens-Illinois (NYSE:OI) traded down 0.82% during midday trading on Tuesday, hitting $25.45. The stock had a trading volume of 86,430 shares. The company has a market capitalization of $4.15 billion, a PE ratio of 18.44 and a beta of 1.49. The stock’s 50-day moving average is $24.89 and its 200-day moving average is $23.35. Owens-Illinois has a 1-year low of $16.89 and a 1-year high of $25.90.

Owens-Illinois (NYSE:OI) last announced its quarterly earnings results on Monday, July 31st. The industrial products company reported $0.75 EPS for the quarter, beating the Zacks’ consensus estimate of $0.67 by $0.08. Owens-Illinois had a net margin of 3.36% and a return on equity of 72.15%. The firm had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.77 billion. During the same quarter last year, the firm earned $0.65 EPS. The firm’s revenue for the quarter was down .5% compared to the same quarter last year. Equities research analysts forecast that Owens-Illinois will post $2.63 EPS for the current year.

ILLEGAL ACTIVITY NOTICE: This article was originally published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this article on another site, it was illegally stolen and republished in violation of U.S. and international trademark & copyright law. The legal version of this article can be viewed at https://ledgergazette.com/2017/10/20/royal-bank-of-canada-analysts-give-owens-illinois-inc-oi-a-27-00-price-target.html.

In other news, SVP Moyano Giancarlo Currarino sold 1,360 shares of Owens-Illinois stock in a transaction that occurred on Friday, September 8th. The shares were sold at an average price of $23.97, for a total transaction of $32,599.20. Following the completion of the sale, the senior vice president now owns 23,954 shares of the company’s stock, valued at $574,177.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Sergio B.O. Galindo sold 5,477 shares of Owens-Illinois stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $24.93, for a total transaction of $136,541.61. Following the sale, the insider now directly owns 34,890 shares of the company’s stock, valued at approximately $869,807.70. The disclosure for this sale can be found here. 1.50% of the stock is owned by company insiders.

Several institutional investors have recently bought and sold shares of the company. Eqis Capital Management Inc. raised its stake in shares of Owens-Illinois by 11.5% during the third quarter. Eqis Capital Management Inc. now owns 40,649 shares of the industrial products company’s stock valued at $1,023,000 after acquiring an additional 4,184 shares in the last quarter. Colony Group LLC raised its stake in shares of Owens-Illinois by 2.9% during the second quarter. Colony Group LLC now owns 86,072 shares of the industrial products company’s stock valued at $2,059,000 after acquiring an additional 2,412 shares in the last quarter. Sterling Capital Management LLC bought a new stake in shares of Owens-Illinois during the second quarter valued at approximately $805,000. Ameritas Investment Partners Inc. raised its stake in shares of Owens-Illinois by 1.8% during the second quarter. Ameritas Investment Partners Inc. now owns 48,688 shares of the industrial products company’s stock valued at $1,165,000 after acquiring an additional 875 shares in the last quarter. Finally, The Manufacturers Life Ins

A number of other brokerages also recently commented on OI. Robert W. Baird reaffirmed a hold rating and issued a $25.00 price target on shares of Owens-Illinois in a report on Thursday, October 12th. ValuEngine raised shares of Owens-Illinois from a buy rating to a strong-buy rating in a report on Friday, October 13th. Zacks Investment Research downgraded shares of Owens-Illinois from a buy rating to a sell rating in a report on Tuesday, October 3rd. UBS AG began coverage on shares of Owens-Illinois in a report on Tuesday, September 5th. They issued a neutral rating and a $26.00 price target for the company. Finally, Jefferies Group LLC reaffirmed a hold rating and issued a $27.00 price target (up previously from $26.00) on shares of Owens-Illinois in a report on Wednesday, August 2nd. Three analysts have rated the stock with a sell rating, seven have issued a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of Hold and an average price target of $25.80.

Owens-Illinois (NYSE:OI) traded down 0.82% during midday trading on Tuesday, hitting $25.45. The stock had a trading volume of 86,430 shares. The company has a market capitalization of $4.15 billion, a PE ratio of 18.44 and a beta of 1.49. The stock’s 50-day moving average is $24.89 and its 200-day moving average is $23.35. Owens-Illinois has a 1-year low of $16.89 and a 1-year high of $25.90.

Owens-Illinois (NYSE:OI) last announced its quarterly earnings results on Monday, July 31st. The industrial products company reported $0.75 EPS for the quarter, beating the Zacks’ consensus estimate of $0.67 by $0.08. Owens-Illinois had a net margin of 3.36% and a return on equity of 72.15%. The firm had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.77 billion. During the same quarter last year, the firm earned $0.65 EPS. The firm’s revenue for the quarter was down .5% compared to the same quarter last year. Equities research analysts forecast that Owens-Illinois will post $2.63 EPS for the current year.

ILLEGAL ACTIVITY NOTICE: This article was originally published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this article on another site, it was illegally stolen and republished in violation of U.S. and international trademark & copyright law. The legal version of this article can be viewed at https://ledgergazette.com/2017/10/20/royal-bank-of-canada-analysts-give-owens-illinois-inc-oi-a-27-00-price-target.html.

In other news, SVP Moyano Giancarlo Currarino sold 1,360 shares of Owens-Illinois stock in a transaction that occurred on Friday, September 8th. The shares were sold at an average price of $23.97, for a total transaction of $32,599.20. Following the completion of the sale, the senior vice president now owns 23,954 shares of the company’s stock, valued at $574,177.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Sergio B.O. Galindo sold 5,477 shares of Owens-Illinois stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $24.93, for a total transaction of $136,541.61. Following the sale, the insider now directly owns 34,890 shares of the company’s stock, valued at approximately $869,807.70. The disclosure for this sale can be found here. 1.50% of the stock is owned by company insiders.

Several institutional investors have recently bought and sold shares of the company. Eqis Capital Management Inc. raised its stake in shares of Owens-Illinois by 11.5% during the third quarter. Eqis Capital Management Inc. now owns 40,649 shares of the industrial products company’s stock valued at $1,023,000 after acquiring an additional 4,184 shares in the last quarter. Colony Group LLC raised its stake in shares of Owens-Illinois by 2.9% during the second quarter. Colony Group LLC now owns 86,072 shares of the industrial products company’s stock valued at $2,059,000 after acquiring an additional 2,412 shares in the last quarter. Sterling Capital Management LLC bought a new stake in shares of Owens-Illinois during the second quarter valued at approximately $805,000. Ameritas Investment Partners Inc. raised its stake in shares of Owens-Illinois by 1.8% during the second quarter. Ameritas Investment Partners Inc. now owns 48,688 shares of the industrial products company’s stock valued at $1,165,000 after acquiring an additional 875 shares in the last quarter. Finally, The Manufacturers Life Insurance Company raised its stake in shares of Owens-Illinois by 2.0% during the second quarter. The Manufacturers Life Insurance Company now owns 238,624 shares of the industrial products company’s stock valued at $5,708,000 after acquiring an additional 4,750 shares in the last quarter. 95.06% of the stock is owned by hedge funds and other institutional investors.

About Owens-Illinois

Owens-Illinois, Inc is a manufacturer of glass container products. The Company’s principal product lines are glass containers for the food and beverage industries. The Company’s segments include Europe, North America, Latin America and Asia Pacific. The Company produces glass containers for alcoholic beverages, including beer, flavored malt beverages, spirits and wine.

Analyst Recommendations for Owens-Illinois (NYSE:OI)

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