Jefferies Group Analysts Increase Earnings Estimates for Owens-Illinois, Inc. (NYSE:OI)

Other analysts have also issued research reports about the company. Zacks Investment Research raised shares of Owens-Illinois from a "hold" rating to a "buy" rating and set a $26.00 target price on the stock in a research report on Wednesday, June 14th. TheStreet upgraded Owens-Illinois from a "c+" rating to a "b" rating in a report on Thursday, May 4th. BidaskClub cut shares of Owens-Illinois from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, July 25th. Finally, Royal Bank Of Canada reissued a "hold" rating and issued a $24.00 price target on shares of Owens-Illinois in a report on Friday, July 14th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company's stock. The stock now has an average rating of "Hold" and an average price target of $26.44.

Owens-Illinois (OI) traded down 2.49% during mid-day trading on Friday, hitting $23.90. The company's 50-day moving average is $24.14 and its 200 day moving average is $21.70. The company has a market capitalization of $3.82 billion, a PE ratio of 16.99 and a beta of 1.50. Owens-Illinois has a 52-week low of $16.80 and a 52-week high of $25.00.

Owens-Illinois (NYSE:OI) last announced its earnings results on Monday, July 31st. The industrial products company reported $0.58 earnings per share for the quarter, beating the Zacks' consensus estimate of $0.53 by $0.05. Owens-Illinois had a return on equity of 80.74% and a net margin of 2.84%. The firm's revenue for the quarter was down.5% compared to the same quarter past year. During the same period in the prior year, the business earned $0.65 earnings per share. On average, analysts predict that Owens-Illinois, Inc. will post $2.63 earnings per share for the current fiscal year.

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Wedge Capital Management L L P NC decreased its stake in shares of Owens-Illinois, Inc. Capital One National Association now owns 101,329 shares of the industrial products company's stock worth $2,424,000 after buying an additional 8,987 shares during the last quarter. (NYSE:OI) by 918.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). Acadian Asset Management LLC acquired a new position in Owens-Illinois during the second quarter valued at approximately $113,000.

Citadel Advisors LLC reports that it bought 2,516,353 shares last quarter increasing its holdings in Owens-Illinois, 2,243.2%. As of quarter end Dimensional Fund Advisors Lp had acquired 70,084 shares growing its position 5.1%. OLD Mutual Customised Solutions Proprietary Ltd. increased its position in shares of Owens-Illinois by 113.2% in the first quarter. Its position was worth $62,874,000 an increase of $60,588,000 as of quarter end. Jefferies Group LLC now has a $26.00 price objective on the industrial products company's stock, up from their prior price objective of $20.00.