Today: Today: Deutsche Bank AG Reaffirmed Hold Rating for Owens-Illinois Inc. (OI)

Today: Deutsche Bank AG Reaffirmed Hold Rating for Owens-Illinois Inc. (OI)

Deutsche Bank AG restated their hold rating on shares of Owens-Illinois Inc. (NYSE:OI) in a research report sent to investors on Tuesday. The brokerage currently has a $20.00 price objective on the stock, up from their prior price objective of $18.73.

Several other analysts have also recently weighed in on OI. Royal Bank Of Canada started coverage on Owens-Illinois in a report on Friday, September 30th. They set a sector perform rating and a $18.00 price target on the stock. RBC Capital Markets started coverage on Owens-Illinois in a report on Thursday, September 29th. They set a sector perform rating and a $18.00 price target on the stock. Zacks Investment Research upgraded Owens-Illinois from a sell rating to a hold rating in a report on Monday, August 1st. Jefferies Group restated a hold rating and set a $19.00 price target on shares of Owens-Illinois in a report on Thursday, October 20th. Finally, Morgan Stanley restated an equal weight rating and set a $40.00 price target on shares of Owens-Illinois in a report on Saturday, August 13th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and three have assigned a buy rating to the stock. Owens-Illinois has a consensus rating of Hold and an average target price of $20.21.

Shares of Owens-Illinois (NYSE:OI) opened at 18.35 on Tuesday. Owens-Illinois has a 1-year low of $11.58 and a 1-year high of $20.33. The company has a market capitalization of $2.98 billion, a PE ratio of 10.49 and a beta of 1.65. The company’s 50-day moving average price is $18.23 and its 200-day moving average price is $18.34.

Owens-Illinois (NYSE:OI) last released its earnings results on Tuesday, October 25th. The company reported $0.68 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.67 by $0.01. Owens-Illinois had a return on equity of 86.33% and a net margin of 1.17%. The firm had revenue of $1.71 billion for the quarter, compared to analysts’ expectations of $1.73 billion. During the same quarter in the previous year, the business posted $0.57 earnings per share. The business’s revenue for the quarter was up 9.3% on a year-over-year basis. On average, equities analysts expect that Owens-Illinois will post $2.30 earnings per share for the current fiscal year.

Institutional investors have recently modified their holdings of the stock. Price T Rowe Associates Inc. MD raised its position in shares of Owens-Illinois by 12.5% in the third quarter. Price T Rowe Associates Inc. MD now owns 336,320 shares of the company’s stock worth $6,185,000 after buying an additional 37,290 shares during the last quarter. Credit Suisse AG raised its position in shares of Owens-Illinois by 51.0% in the third quarter. Credit Suisse AG now owns 551,719 shares of the company’s stock worth $10,148,000 after buying an additional 186,381 shares during the last quarter. Verition Fund Management LLC raised its position in shares of Owens-Illinois by 68.6% in the third quarter. Verition Fund Management LLC now owns 82,081 shares of the company’s stock worth $1,509,000 after buying an additional 33,384 shares during the last quarter. Candriam Luxembourg S.C.A. purchased a new position in shares of Owens-Illinois during the third quarter worth $1,927,000. Finally, D. E. Shaw & Co. Inc. raised its position in shares of Owens-Illinois by 915.3% in the third quarter. D. E. Shaw & Co. Inc. now owns 75,028 shares of the company’s stock worth $1,380,000 after buying an additional 67,638 shares during the last quarter. 95.33% of the stock is currently owned by hedge funds and other institutional investors.

Owens-Illinois Company Profile

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