Owens-Illinois Inc (NYSE:OI) has been downgraded to Hold in a statement by Zacks Investment Research earlier today.
- Updated: October 3, 2016
Having a price of $18.39, Owens-Illinois Inc (NYSE:OI) traded -1.52% lower on the day. With the last close up 0.46% from the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.01% over the same period. OI has recorded a 50-day average of $18.04 and a two hundred day average of $18.03. Trade Volume was down over the average, with 942,493 shares of OI changing hands under the typical 1,484,630
Zacks Investment Research has downgraded Owens-Illinois Inc (NYSE:OI) to Hold in a statement released on Monday October 03, 2016.
On Friday September 30, 2016, RBC Capital Markets released a statement on Owens-Illinois Inc (NYSE:OI) upped the target price from $0.00 to $18.00 that suggested a downside of -0.01%.
Recent Performance Chart
Owens-Illinois Inc has PE ratio of 15.10 with a one year low of $11.58 and a one year high of $24.05 and has a market capitalization of $0.
A total of 11 analysts have released a report on Owens-Illinois Inc. Two analysts rating the company a strong buy, two analysts rating the company a buy, nine analysts rating the company a hold, zero analysts rating the company a underperform, and finally zero analysts rating the company a sell with a 12-month price target of $20.45.
General Company Details For Owens-Illinois Inc (NYSE:OI)
Owens-Illinois, Inc. is engaged in the manufacturing of glass containers. The Company's principal product lines are glass containers for the food and beverage industries. Its segments include Europe, North America, Latin America and Asia Pacific. It produces glass containers for alcoholic beverages, including beer, flavored malt beverages, spirits and wine. It also produces glass packaging for a range of food items, soft drinks, teas, juices and pharmaceuticals. The Europe segment produces glass containers for the beer, wine, champagne, spirits and food markets. The North America segment has over 20 glass container manufacturing plants and over one distribution facility in the United States and Canada. The Latin America segment produces glass containers for beer, non-alcoholic beverages, spirits, flavored malt beverages, wine, food and pharmaceutical markets. The Asia Pacific segment primarily produces glass containers for the beer, wine, food and non-alcoholic beverage markets.
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