Owens-Illinois (OI) has an average broker rating of 2.43, which is interpreted as a Buy, as rated by 7 equity analysts. Nonetheless, 2 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 5 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold.
Owens-Illinois (OI) : Currently there are 5 street experts covering Owens-Illinois (OI) stock. The most bullish and bearish price target for the stock is $23 and $20 respectively for the short term. The average price target of all the analysts comes to $21.2. The estimated standard deviation from the target is $1.3.
Company shares have received an average consensus rating of Hold for the current week Also, Major Brokerage house, Jefferies maintains its ratings on Owens-Illinois (NYSE:OI). In the latest research report, Jefferies raises the target price from $18 per share to $20 per share. According to the latest information available, the shares are now rated Hold by the analysts at the agency. The rating by the firm was issued on July 14, 2016.
Owens-Illinois (NYSE:OI): The stock opened at $18.22 and touched an intraday high of $18.5 on Wednesday. During the day, the stock corrected to an intraday low of $18.18, however, the bulls stepped in and pushed the price higher to close in the green at $18.47 with a gain of 0.98% for the day. The total traded volume for the day was 987,905. The stock had closed at $18.29 in the previous trading session.
Owens-Illinois, Inc. is the manufacturer of glass containers. The Company has approximately 75 glass manufacturing plants in over 21 countries. Its product lines include glass containers for the food and beverage industries. The Company operates in four segments: Europe, North America, South America and Asia Pacific. The Europe segment primarily produces glass containers for beer, wine, champagne, spirits and food markets. The North America segment has glass container manufacturing plants in the United States and Canada. The South America segment primarily produces glass containers for beer, non-alcoholic beverages, spirits, flavored malt beverages, wine, food and pharmaceuticals markets. The Asia Pacific segment primarily produces glass containers for the beer, wine, food and non-alcoholic beverage markets. The Company also produces glass packaging for a variety of food items, soft drinks, teas, juices and pharmaceuticals.