Owens-Illinois’ BB” rating indicates that the company is an above-average default risk. The company received the rating from Morningstar, along with a three star rating for its stock. Owens-Illinois has a 52-week low of USD 23.31 and a 52-week high of USD 35.95.
Owens-Illinois has received a “BB” credit rating from Morningstar. The firm’s “BB” rating indicates that the company is an above-average default risk. Company stock was also given a three star rating.
OI has been the subject of a number of other recent research reports. Analysts at BMO Capital Markets downgraded shares of Owens-Illinois from an “outperform” rating to a “market perform” rating in a research note on Thursday, 20 November. Separately, analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Owens-Illinois, which now have a USD 28.00 price target on the stock, up previously from USD 27.00. Finally, analysts at Bank of America downgraded shares of Owens-Illinois from a “neutral” rating to an “underperform” rating in a research note on Tuesday, 4 November. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. Owens-Illinois currently has an average rating of “Hold” and a consensus price target of USD 30.45.
Owens-Illinois has a 52-week low of USD 23.31 and a 52-week high of USD 35.95. The stock’s 50-day moving average is USD 25.56 and its 200-day moving average is USD 29.95. The company has a market cap of USD 4.322 billion and a P/E ratio of 33.73.
Owens-Illinois last issued its quarterly earnings data on Tuesday, 28 October. The company reported USD 0.75 earnings per share for the quarter, beating the analysts’ consensus estimate of USD 0.74 by USD 0.01. The company had revenue of USD 1.75 billion for the quarter, compared to the consensus estimate of USD 1.77 billion. During the same quarter in the prior year, the company posted USD 0.79 earnings per share. The company’s quarterly revenue was down 2.2% on a year-over-year basis. Analysts expect that Owens-Illinois will post USD 2.63 EPS for the current fiscal year.
Owens-Illinois, Inc is a glass container manufacturer. The company is also a preferred partner for various food and beverage brands.