Media coverage about Owens-Illinois (NYSE:OI) has been trending somewhat positive this week, according to Accern. Accern rates the sentiment of press coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Owens-Illinois earned a news sentiment score of 0.12 on Accern’s scale. Accern also gave news headlines about the industrial products company an impact score of 45.8248275037092 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
These are some of the news articles that may have effected Accern Sentiment’s scoring:
- ETFs with exposure to Owens-Illinois, Inc. : December 27, 2017 (finance.yahoo.com)
- Owens-Illinois (OI) Downgraded to Sell at Zacks Investment Research (americanbankingnews.com)
- Owens-Illinois Inc (OI) Expected to Post Quarterly Sales of $1.73 Billion (americanbankingnews.com)
- Zacks: Analysts Anticipate Owens-Illinois Inc (OI) Will Announce Earnings of $0.54 Per Share (americanbankingnews.com)
- Most Shocking Stock Movements: Owens-Illinois, Inc. (OI), Superconductor Technologies Inc. (SCON) – Market Movers (financialqz.com)
Shares of Owens-Illinois (NYSE:OI) traded down $0.18 during trading hours on Wednesday, hitting $21.86. 844,906 shares of the stock traded hands, compared to its average volume of 1,269,086. Owens-Illinois has a 52 week low of $17.31 and a 52 week high of $25.90. The company has a debt-to-equity ratio of 5.73, a current ratio of 1.23 and a quick ratio of 0.74. The firm has a market cap of $3,630.00, a P/E ratio of 14.67, a PEG ratio of 1.21 and a beta of 1.52.
A number of brokerages recently issued reports on OI. Robert W. Baird reaffirmed a “hold” rating and set a $25.00 target price on shares of Owens-Illinois in a research report on Friday, September 1st. UBS Group began coverage on shares of Owens-Illinois in a research report on Tuesday, September 5th. They set a “neutral” rating and a $26.00 target price on the stock. Royal Bank of Canada reaffirmed a “hold” rating and set a $25.00 target price on shares of Owens-Illinois in a research report on Wednesday, September 6th. Zacks Investment Research lowered shares of Owens-Illinois from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 19th. Finally, ValuEngine lowered shares of Owens-Illinois from a “strong-buy” rating to a “buy” rating in a research report on Friday, September 22nd. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $26.36.
In related news, insider Timothy M. Connors sold 3,500 shares of the company’s stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of $23.86, for a total transaction of $83,510.00. Following the transaction, the insider now owns 19,624 shares in the company, valued at approximately $468,228.64. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 1.50% of the stock is owned by corporate insiders.
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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.
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