Analyst Ratings for Owens-Illinois Inc. (OI)

Updated: 2017-07-26

Shares of Owens-Illinois Inc. (NYSE:OI) have received a consensus rating of Hold from Wall Street analysts. OI had previously received a consensus rating of Hold a month ago.

Of the 15 analysts covering the stock, 4 gave it a buy rating, 0 gave an overweight rating, 10 issued a hold rating, 0 issued an underweight rating, and 1 gave a sell rating. Compared to three months ago, there has been an increase of 0 in the number of analysts with a positive outlook on the stock. Over the same time period, there has been an increase of 0 in the number of analysts with a negative outlook on the stock.

OI was given price targets by several analysts. The highest price target was 30, implying potential capital gains of 24.43 percent. The most pessimistic price target was 19, which equates to a potential downside of -21.19 percent. One must be careful with overanalyzing price targets and ratings due to possible conflicts of interest among the analysts releasing them.

Analysts have revised their earnings estimates upwards for this quarter, by about 1.52 percent on average, compared to last month. That number becomes 1.52 percent if we expand the time horizon to include the past 3 months instead of just one. Over the past 30 days, FY earnings estimates have also changed upwards by 0.8 percent. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes 1 percent.

People are often interested in whether analysts were united in the direction of their revisions. 5 analysts have revised their quarterly estimates upwards in the past 30 days, while 0 analysts revised their estimates downwards. Also over the last month, 6 analysts increased their estimates for the FY earnings, compared to 0 analysts that revised their FY estimates downwards.

Analysts estimate earnings of OI to grow at a rate of 112.69 percent. The PEG ratio of a stock is another value frequently studied by investors. A lower PEG ratio is favorable, because people typically see that as an indicator of higher growth relative to stock price. Wall Street investors typically prefer a PEG ratio to be smaller than 1, although it is frequently more appropriate to compare PEG ratios to the company's peers. OI has a PEG ratio of 0.18.

OI has traded between a high of 25.01 and a low of 16.80 over the past year. The current market price is above the trailing year's low by 43.51 percent, and 3.6 percent lower than its 52-week high. OI has a price/earnings ratio of 20.78. Investors typically compare the P/E ratio to a company's peers in the industry. The OI value stock report compares OI to some of its peers using value stock charts. The stock has a market capitalization of $4.01 billion. OI is estimated to release their earnings results for the quarter on 0000-00-00, days from today.