As of May 26, 2023, O-I Glass (NYSE:OI) has received ratings from multiple analysts in recent months. According to TipRanks, the consensus among 8 Wall Street analysts is a Moderate Buy. MarketBeat reports that O-I Glass has an overall Buy consensus based on 7 buy ratings, 1 hold rating, and 2 sell ratings, with an average rating score of 2.50. CNNMoney.com notes that 9 analysts have provided 12-month price forecasts for O-I Glass Inc., with a median target of 28.00, a high estimate of 37.00, and a low estimate of 19.00. While The Wall Street Journal reports that O-I Glass Inc. analyst ratings are available, no specific information is provided. According to Nasdaq, the average price target for OI based on analysts’ 12-month price targets in the last 3 months is $27.63, with a high estimate of $37 and a low estimate of $19. Finally, MarketWatch reports that 2 analysts rate O-I Glass as Overweight, 2 rate it as Hold, and 1 rates it as Sell, with an average price target of $31.83, reflecting a 12.87% increase over the past month.
Owens-Illinois (OI) Stock Analysis: Strong Earnings Growth and Attractive Valuation Ratios
On May 26, 2023, Owens-Illinois (OI) stock opened at 21.62, slightly lower than the previous day’s close of 21.75. Throughout the day, the stock traded in a range of 21.62 to 22.10, with a total volume of 203,929 shares traded.
OI’s market capitalization stands at $3.4 billion, with an impressive earnings growth of 296.60% last year, and an expected growth of 38.70% this year. Over the next five years, the earnings growth is expected to be around 13.92%.
OI’s P/E ratio is currently at 5.0, which is relatively low compared to other companies in the same sector. The price/sales ratio of 0.38 and price/book ratio of 2.39 are also attractive for investors.
In terms of its sector and industry, OI operates in the containers/packaging industry under the process industries sector. The company’s corporate headquarters is located in Perrysburg, Ohio.
Looking ahead, OI’s next reporting date is scheduled for August 1, 2023. The EPS forecast for this quarter is $0.84.
Overall, OI’s stock performance on May 26, 2023, was relatively stable, with a slight dip in the opening price. However, the company’s strong earnings growth and attractive valuation ratios make it an interesting option for investors looking for long-term growth potential.
O-I Glass Inc. Sees Boost in Stock Performance Following Strong Earnings Report
On May 26, 2023, O-I Glass Inc. (OI) saw a significant increase in its stock performance. The median estimate for the company’s stock is 28.00, with a high estimate of 37.00 and a low estimate of 19.00. The positive forecast is a result of the company’s strong earnings performance in the current quarter, reporting earnings per share of $0.84 and sales of $1.9 billion. The current consensus among 11 polled investment analysts is to buy stock in O-I Glass Inc. Investors are confident in the company’s future growth potential and are willing to invest in its stock. OI’s strong earnings performance and positive forecast have led to a significant increase in its stock performance. Investors who buy stock in O-I Glass Inc. can expect to see significant returns on their investment in the coming months.
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