Shares of Owens-Illinois saw price objectives reduced last week by Deutsche Bank, which currently has a target price pointing to a potential upside of 33.00% from the company’s current price.
Deutsche Bank reduced its price objective on shares of Owens-Illinois from USD 40.00 to USD 32.00 in a research note issued last week. The firm currently has a “buy” rating on the stock. Deutsche Bank’s target price points to a potential upside of 33.00% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Barclays reiterated an “overweight” rating on shares of Owens-Illinois in a research note on Monday. They now have a USD 30.00 price target on the stock, down previously from USD 38.00. Separately, analysts at ING Group downgraded shares of Owens-Illinois from a “buy” rating to a “neutral” rating in a research note on 2 October. They now have a USD 29.00 price target on the stock, down previously from USD 34.00. Finally, analysts at Bank of America downgraded shares of Owens-Illinois from a “buy” rating to a “neutral” rating in a research note on 2 October. They now have a USD 29.00 price target on the stock, down previously from USD 38.00. Nine investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of USD 33.54.
The stock had a trading volume of 851,729 shares. Owens-Illinois has a one year low of USD 24.03 and a one year high of USD 35.95. The stock has a 50-day moving average of USD 28.71 and a 200-day moving average of USD 31.81. The company has a market cap of USD 3.997 billion and a P/E ratio of 20.12.
Owens-Illinois last announced its earnings results on 30 July. The company reported USD 0.80 earnings per share (EPS) for the quarter, missing the consensus estimate of USD 0.82 by USD 0.02. The company had revenue of USD 1.80 billion for the quarter, compared to the consensus estimate of USD 1.79 billion. During the same quarter in the previous year, the company posted USD 0.81 earnings per share. The company’s revenue for the quarter was up .9% on a year-over-year basis. On average, analysts predict that Owens-Illinois will post USD 2.74 earnings per share for the current fiscal year.