Owens-Illinois, Inc. (NYSE:OI) registered a 4.92% increase, still its new closing price is 71.24% up from the company’s 1 year high of 20.33.It posted 1.12% gains in previous 5 sessions and is now the subject of 11 analysts who together assign a hold rating on stock. 1 of Wall Street analysts have an underperform rating; the 0 sells versus 2 buy or better ratings. The 15 stock analysts following this company have an average price target at $21.15, with individual PT in the $17.00-$28.00 range. The shares moved at $19.83, implying that brokerage firms see shares gaining about 64.43% in twelve months time.
Owens-Illinois, Inc. (OI) SEC Form 4 News
The stock is getting much attention these days as insiders are adding shares while they posted a 13.90% rise year to date. A Director at Owens-Illinois, Inc. (OI) acquired shares in a transaction closed on Wednesday June 15, 2016. Hardie Gordon bought 3,400 shares in the company at $18.65 each and collected $63,000 in proceeds. Hardie Gordon now owns 12,699 shares in the company after this transaction. A Exec. Chairman of the Board in the company, STROUCKEN ALBERT P L, disclosed a transaction on Monday March 07, 2016 that ended up generating $838,001 from the sale of 56,148 shares at $14.94 per share.
Owens-Illinois, Inc. (NYSE:OI) Upcoming Results on Tap
Owens-Illinois, Inc. will next provide financial results for the March 2017 quarter. Stock analysts expect it to report per-share earnings of $0.67 in that period. Sales during the quarter are predicted to arrive at $1.6 billion.
Earnings surprise history: Last quarter, the company posted approximately $1.71 billion in revenue and EPS of $0.68. The mean forecast was for $1.73 billion and $0.67 a share, respectively. One quarter earlier, revenue for the stock was at $1.76 billion, with earnings at $0.65/share.
Owens-Illinois, Inc. (OI) Brokerage Update
Owens-Illinois, Inc. (OI) is in Citigroup’s research list so their analyst rating change is noteworthy. These shares were upgraded to Buy from Neutral by Citigroup, according to news reported on Wednesday April 06, 2016.Another important research note was issued by BofA/Merrill on Tuesday September 15, 2015.The firm upgraded OI to Buy from Neutral. Over the last six months and over the last three months, the shares of Owens-Illinois, Inc. (OI), have changed 8.78% and 2.75%, respectively.
