Somewhat Positive News Coverage Somewhat Unlikely to Affect Owens-Illinois (OI) Share Price
Media headlines about Owens-Illinois (NYSE:OI) have trended somewhat positive recently, Accern Sentiment reports. Accern identifies negative and positive news coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Owens-Illinois earned a media sentiment score of 0.15 on Accern’s scale. Accern also assigned media stories about the industrial products company an impact score of 46.0759748704704 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
These are some of the news articles that may have impacted Accern Sentiment Analysis’s analysis:
- Stock Traders Buy Large Volume of Call Options on Owens-Illinois (OI) (americanbankingnews.com)
- Kames Capital Plc Raised Its Owens (OI) Position; Murphy Pohlad Asset Management Has Cut Winmark (WINA) Holding – Hill Country Times (hillcountrytimes.com)
- Owens-Illinois (OI) Given “Hold” Rating at Royal Bank of Canada (americanbankingnews.com)
- Stock Buyers and Sellers Recap -Owens-Illinois, Inc. (OI) – Nasdaq Fortune (press release) (nasdaqfortune.com)
- Stocks Once Again Win Street Race: Broadcom Limited (NASDAQ:AVGO), Owens-Illinois, Inc. (NYSE:OI) – Investing News Update (investingbizz.com)
Several research firms recently weighed in on OI. Royal Bank of Canada reissued a “hold” rating and set a $26.00 price objective on shares of Owens-Illinois in a research report on Thursday. KeyCorp reissued a “hold” rating on shares of Owens-Illinois in a research report on Friday, November 10th. TheStreet cut Owens-Illinois from a “b” rating to a “c+” rating in a research report on Wednesday, October 25th. Bank of America boosted their price objective on Owens-Illinois from $29.00 to $30.00 and gave the stock a “buy” rating in a research report on Wednesday, October 25th. Finally, Robert W. Baird boosted their price objective on Owens-Illinois from $25.00 to $27.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 25th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. Owens-Illinois has an average rating of “Hold” and a consensus price target of $26.36.
Owens-Illinois (OI) traded down $0.10 during trading on Friday, reaching $22.28. The company’s stock had a trading volume of 2,333,600 shares, compared to its average volume of 1,269,433. The company has a debt-to-equity ratio of 5.73, a quick ratio of 0.74 and a current ratio of 1.23. The firm has a market cap of $3,742.27, a PE ratio of 8.83, a price-to-earnings-growth ratio of 1.25 and a beta of 1.52. Owens-Illinois has a 12-month low of $17.31 and a 12-month high of $25.90.
Owens-Illinois (NYSE:OI) last posted its quarterly earnings results on Monday, October 23rd. The industrial products company reported $0.77 EPS for the quarter, beating the consensus estimate of $0.73 by $0.04. The firm had revenue of $1.80 billion during the quarter, compared to analysts’ expectations of $1.77 billion. Owens-Illinois had a return on equity of 63.33% and a net margin of 3.59%. The company’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.68 EPS. sell-side analysts expect that Owens-Illinois will post 2.64 earnings per share for the current year.
In other Owens-Illinois news, insider Timothy M. Connors sold 3,500 shares of the company’s stock in a transaction that occurred on Tuesday, November 7th. The stock was sold at an average price of $23.86, for a total value of $83,510.00. Following the completion of the transaction, the insider now owns 19,624 shares of the company’s stock, valued at approximately $468,228.64. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 1.50% of the company’s stock.
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Owens-Illinois, Inc is a manufacturer of glass container products. The Company’s principal product lines are glass containers for the food and beverage industries. The Company’s segments include Europe, North America, Latin America and Asia Pacific. The Company produces glass containers for alcoholic beverages, including beer, flavored malt beverages, spirits and wine.
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