Jefferies Maintains Owens-Illinois Inc to Hold with Price Target $20.00

Brokerage firm Jefferies Maintains its rating on Owens-Illinois Inc(NYSE:OI). In a research note issued to the investors, the brokerage major Raises the price-target to $20.00 per share. The shares have been rated Hold. The rating by Jefferies was issued on Jul 14, 2016.

In a different note, On Jun 1, 2016, Goldman Sachs said it Assumes its rating on Owens-Illinois Inc. The shares have been rated ‘Sell’ by the firm. Goldman Sachs said it Initiates Coverage on Owens-Illinois Inc, according to a research note issued on May 12, 2016. The shares have been rated ‘Sell’ by the firm. On May 3, 2016, JP Morgan said it Maintains its rating on Owens-Illinois Inc. In the research note, the firm Raises the price-target to $18.00 per share. The shares have been rated ‘Neutral’ by the firm.

Owens-Illinois Inc (OI) made into the market gainers list on Mondays trading session with the shares advancing 0.33% or 0.06 points. Due to strong positive momentum, the stock ended at $18.13, which is also near the day’s high of $18.16. The stock began the session at $18 and the volume stood at 8,95,958 shares. The 52-week high of the shares is $24.05 and the 52 week low is $11.58. The company has a current market capitalization of $2,936 M and it has 16,19,18,800 shares in outstanding.

Owens-Illinois Inc(OI) last announced its earnings results on May 2, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $1.59B. Analysts had an estimated revenue of $1.54B. Earnings per share were $0.48. Analysts had estimated an EPS of $0.40.

Several Insider Transactions has been reported to the SEC. On Jun 16, 2016, Gordon Hardie (director) purchased 3,400 shares at $18.65 per share price.Also, On Mar 9, 2016, Albert P L Stroucken (Exec. Chairman of the Board) sold 56,148 shares at $14.94 per share price.On Mar 8, 2016, John Haudrich (Chief Strat. & Integ. Officer) sold 7,294 shares at $15.36 per share price, according to the Form-4 filing with the securities and exchange commission.

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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