Somewhat Positive News Coverage Somewhat Unlikely to Affect Owens-Illinois (OI) Stock Price

Headlines about Owens-Illinois (NYSE:OI) have been trending somewhat positive on Thursday, according to Accern Sentiment. The research firm identifies positive and negative news coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Owens-Illinois earned a media sentiment score of 0.16 on Accern’s scale. Accern also assigned news headlines about the industrial products company an impact score of 47.009469620303 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.

Here are some of the news headlines that may have impacted Accern’s rankings:

Several equities analysts have issued reports on the stock. ValuEngine upgraded shares of Owens-Illinois from a “buy” rating to a “strong-buy” rating in a research note on Friday, October 13th. Zacks Investment Research cut shares of Owens-Illinois from a “buy” rating to a “hold” rating in a research note on Tuesday, September 26th. UBS assumed coverage on shares of Owens-Illinois in a research note on Tuesday, September 5th. They set a “neutral” rating and a $26.00 target price on the stock. Robert W. Baird upped their target price on shares of Owens-Illinois from $25.00 to $27.00 and gave the company a “neutral” rating in a research note on Wednesday, October 25th. Finally, KeyCorp restated a “hold” rating on shares of Owens-Illinois in a research note on Friday, November 10th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $26.45.

Owens-Illinois (OI) traded down $0.09 during mid-day trading on Thursday, reaching $23.95. The company’s stock had a trading volume of 1,188,923 shares, compared to its average volume of 1,260,125. Owens-Illinois has a 1-year low of $17.31 and a 1-year high of $25.90. The company has a quick ratio of 0.74, a current ratio of 1.23 and a debt-to-equity ratio of 5.73. The company has a market cap of $3,920.00, a P/E ratio of 9.36, a price-to-earnings-growth ratio of 1.27 and a beta of 1.52.

Owens-Illinois (NYSE:OI) last posted its quarterly earnings results on Monday, October 23rd. The industrial products company reported $0.77 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.73 by $0.04. Owens-Illinois had a return on equity of 63.33% and a net margin of 3.59%. The business had revenue of $1.80 billion during the quarter, compared to the consensus estimate of $1.77 billion. During the same period in the prior year, the company posted $0.68 EPS. The firm’s revenue for the quarter was up 5.1% compared to the same quarter last year. equities analysts predict that Owens-Illinois will post 2.64 EPS for the current fiscal year.

In related news, SVP Moyano Giancarlo Currarino sold 1,360 shares of the firm’s stock in a transaction on Friday, September 8th. The stock was sold at an average price of $23.97, for a total value of $32,599.20. Following the completion of the sale, the senior vice president now directly owns 23,954 shares in the company, valued at $574,177.38. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Timothy M. Connors sold 3,500 shares of the firm’s stock in a transaction 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 sale, the insider now owns 19,624 shares of the company’s stock, valued at $468,228.64. The disclosure for this sale can be found here. 1.50% of the stock is currently owned by corporate insiders.

ILLEGAL ACTIVITY WARNING: This piece was reported by Chaffey Breeze and is owned by of Chaffey Breeze. If you are viewing this piece on another website, it was illegally stolen and republished in violation of United States and international trademark & copyright laws. The legal version of this piece can be viewed at https://www.chaffeybreeze.com/2017/12/07/somewhat-positive-news-coverage-somewhat-unlikely-to-affect-owens-illinois-oi-stock-price.html.

About Owens-Illinois

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.

Insider Buying and Selling by Quarter for Owens-Illinois (NYSE:OI)

Receive News & Ratings for Owens-Illinois Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Owens-Illinois Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply