Owens-Illinois (OI) Earns Coverage Optimism Rating of 0.15

Media headlines about Owens-Illinois (NYSE:OI) have been trending somewhat positive recently, according to Alpha One. The research firm, a service of Accern, identifies negative and positive media coverage by monitoring more than twenty million news and blog sources in real-time. Alpha One ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Owens-Illinois earned a news sentiment score of 0.15 on Alpha One’s scale. Alpha One also gave media stories about the company an impact score of 0 out of 100, indicating that recent media coverage is extremely unlikely to have an impact on the company’s share price in the near future.

Here are some of the media stories that may have effected AlphaOne Sentiment’s analysis:

Shares of Owens-Illinois (NYSE:OI) traded down 1.00% during midday trading on Thursday, reaching $19.87. The company’s stock had a trading volume of 947,520 shares. The stock’s 50-day moving average price is $20.05 and its 200-day moving average price is $18.93. The company has a market cap of $3.23 billion, a P/E ratio of 15.56 and a beta of 1.48. Owens-Illinois has a 12-month low of $16.18 and a 12-month high of $20.74.

Owens-Illinois (NYSE:OI) last posted its quarterly earnings data on Wednesday, February 1st. The company reported $0.50 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.47 by $0.03. The firm had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.64 billion. Owens-Illinois had a return on equity of 86.07% and a net margin of 3.12%. The company’s quarterly revenue was down 1.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.40 EPS. On average, analysts expect that Owens-Illinois will post $2.42 EPS for the current fiscal year.

A number of brokerages recently weighed in on OI. Credit Suisse Group AG set a $28.00 price objective on Owens-Illinois and gave the company a “buy” rating in a research report on Thursday, February 16th. Jefferies Group LLC reaffirmed a “hold” rating and set a $19.00 price objective on shares of Owens-Illinois in a research report on Tuesday, February 7th. Zacks Investment Research raised Owens-Illinois from a “sell” rating to a “hold” rating in a research report on Tuesday, January 24th. Finally, Royal Bank of Canada reaffirmed a “hold” rating and set a $19.00 price objective on shares of Owens-Illinois in a research report on Wednesday, January 4th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $22.40.

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Owens-Illinois Company Profile

Owens-Illinois, Inc is a manufacturer of glass container products. The Company’s principal product lines are glass containers for the food and beverage industries. The Company’s segments include Europe, North America, Latin America and Asia Pacific. The Company produces glass containers for alcoholic beverages, including beer, flavored malt beverages, spirits and wine.

5 Day Chart for NYSE:OI

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