Analyst Rating Update on Owens-Illinois (OI)

Owens-Illinois (OI) : The consensus on Owens-Illinois (OI) based on 8 analyst recommendation on the company stock is 2.5, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 2 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 6 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.

Owens-Illinois (OI) : The most positive equity analysts on Owens-Illinois (OI) expects the shares to touch $23, whereas, the least positive believes that the stock will trade at $18 in the short term. The company is covered by 6 Wall Street Brokerage Firms. The average price target for shares are $20.67 with an expected fluctuation of $1.75 from the mean.

Company shares have received an average consensus rating of Hold for the current week


Owens-Illinois (NYSE:OI): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $18.24 and $18.11 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $18.69. The buying momentum continued till the end and the stock did not give up its gains. It closed at $18.60, notching a gain of 2.03% for the day. The total traded volume was 932,504 . The stock had closed at $18.23 on the previous day.

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