Analyst Price Target Update on Owens-Illinois (NYSE:OI)

Owens-Illinois (NYSE:OI) should head towards $19.83 per share according to 6 Analysts in consensus. However, if the road gets shaky, the stock may fall short to $18 per share. The higher price estimate target is at $22 according to the Analysts.

Many analysts have stated their opinion on the company shares. Equity Analysts at the Brokerage Firm, Goldman Sachs, assumes their rating on the shares of Owens-Illinois (NYSE:OI). Goldman Sachs has a Sell rating on the shares. As per the latest report, the brokerage house announces the price target to $18 per share. The rating by the firm was issued on June 1, 2016. Company shares have received an average consensus rating of Hold for the current week

On the companys insider trading activities, Stroucken Albert P L, director officer (Exec. Chairman of the Board) of Owens Illinois Inc /De/, unloaded 56,148 shares at an average price of $14.94 on March 7, 2016. The total amount of the transaction was worth $838,851, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

Owens-Illinois (NYSE:OI) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.25 points or 1.29% at $19.18 with 1,593,221 shares getting traded. Post opening the session at $19.32, the shares hit an intraday low of $19.16 and an intraday high of $19.46 and the price was in this range throughout the day. The company has a market cap of $3,106 million and the number of outstanding shares have been calculated to be 161,918,800 shares. The 52-week high of Owens-Illinois (NYSE:OI) is $24.32 and the 52-week low is $11.58.

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.

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