Owens-Illinois (OI) Receiving Somewhat Favorable Media Coverage, Analysis Shows

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:

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.

Owens-Illinois (NYSE:OI) last issued its earnings results on Monday, October 23rd. The industrial products company reported $0.77 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.73 by $0.04. Owens-Illinois had a net margin of 3.59% and a return on equity of 63.33%. The company had revenue of $1.80 billion for the quarter, compared to the consensus estimate of $1.77 billion. During the same quarter in the previous year, the company earned $0.68 EPS. The firm’s revenue for the quarter was up 5.1% compared to the same quarter last year. equities research analysts predict that Owens-Illinois will post 2.64 earnings per share for the current fiscal year.

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.

Insider Buying and Selling by Quarter for Owens-Illinois (NYSE:OI)

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