Owens-Illinois (NYSE:OI) has received a short term rating of strong buy from experts at Zacks with a rank of 1. The stock has been rated an average of 2.5 by 8 Brokerage Firm. 2 Wall Street Firms have rated the stock as a strong buys. 6 Brokerage Firms have advised hold.
Other Equity analysts have also commented on the company shares. Equity Analysts at the Goldman Sachs assumes the rating on Owens-Illinois (NYSE:OI). The brokerage firm has issued a Sell rating on the shares. The Analysts at the ratings agency announces the price target to $18 per share. The rating by the firm was issued on June 1, 2016.
Owens-Illinois (NYSE:OI): 6 analysts have set the short term price target of Owens-Illinois (NYSE:OI) at $19.83. The standard deviation of short term price target has been estimated at $1.6, implying that the actual price may fluctuate by this value. The higher and the lower price estimates are $ 22 and $18 respectively.
Owens-Illinois (NYSE:OI) rose 0.36% or 0.07 points on Tuesday and made its way into the gainers of the day. After trading began at $19.26 the stock was seen hitting $19.45 as a peak level and $19.08 as the lowest level. The stock ended up at $19.32. The daily volume was measured at 1,139,040 shares. The 52-week high of the share price is $24.32 and the 52-week low is $11.58. The company has a market cap of $3,128 million.
Shares of Owens-Illinois, Inc. rose by 3.48% in the last five trading days and 4.94% for the last 4 weeks. Owens-Illinois, Inc. is up 18.6% in the last 3-month period. Year-to-Date the stock performance stands at 10.91%.
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.