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 4 which endorses a Sell 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 highest level Owens-Illinois (OI) is projected to reach is $22 for the short term and the lowest estimate is at $18. The consolidated price target from 6 rating analysts who initiate coverage on the stock is $19.67 and the possibility the share price can swing is $1.51.
Company shares have received an average consensus rating of Hold for the current week
Owens-Illinois (NYSE:OI): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $17.84 and $17.80 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $18.03. The buying momentum continued till the end and the stock did not give up its gains. It closed at $17.88, notching a gain of 1.76% for the day. The total traded volume was 1,345,920 . The stock had closed at $17.57 on the previous day.
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.