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) : The highest short term price target forecast on Owens-Illinois (OI) is $23 and the lowest target price is $20. A total of 5 equity analysts are currently covering the company. The average price of all the analysts is $21.2 with a standard deviation of $1.3.
Also, Brokerage firm Jefferies maintains its rating on Owens-Illinois (NYSE:OI). As per the latest information, the brokerage house raises the price target to $20 per share from a prior target of $18. The shares have been rated Hold. The rating by the firm was issued on July 14, 2016.
Owens-Illinois (NYSE:OI): After opening at $17.15, the stock dipped to an intraday low of $17.08 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $18.02 and the buying power remained strong till the end. The stock closed at $17.98 for the day, a gain of 4.90% for the day session. The total traded volume was 2,640,442. The stocks close on the previous trading day was $17.14.
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.