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.
Many analysts weighed in on price targets for OI. The most optimistic price target was 30, implying a possible profit of 24.43 percent. The most pessimistic price target was 19, implying a possible loss 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. Meanwhile, fiscal year estimates have been revised upwards by 0.8 percent, compared to last month. If we look at the last 90 days instead, we find a net average change of 1 percent in FY estimates.
Investors like to see analysts making revisions in the same direction, as that raises confidence in the 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.
The growth rate of OI's earnings is estimated by analysts to be 112.69 percent. Another measure frequently examined by investors is the PEG ratio. Investors like to see smaller values for the PEG ratio, 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. The PEG ratio of OI is 0.18.
In the trailing 52-weeks, OI hit 25.01 at the highest peak, while it's lowest trading point was 16.80. 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 market cap of OI is $4.01 billion. OI is estimated to release their earnings results for the quarter on 0000-00-00, days from today.