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Owens-Illinois Inc (NYSE:OI) target price raised to $19.00, reported today by Zacks Investment Research

Yesterday Owens-Illinois Inc (NYSE:OI) traded -1.45% lower at $17.04. The company’s 50-day moving average is $17.89 and its 200-day moving average is $18.15. The last stock close price is down -6.05% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 846,955 shares of the stock were exchanged, down from an average trading volume of 1,441,650

Owens-Illinois Inc (NYSE:OI) had its target upped to $19.00 by Zacks Investment Research in an issued report issued 10/13/2016. The upped price target suggests a possible upside of 0.12% based on the company's last stock close price.

See Chart Below

Owens-Illinois Inc (NYSE:OI)

Owens-Illinois Inc has a 52 week low of $11.58 and a 52 week high of $24.05 with a P/E ratio of 14.22 The company’s market cap is currently $0.

In addition to Zacks Investment Research reporting its target price, a total of 11 firms have issued a report on the stock. The consensus target price is $20.45 with 2 firms rating the stock a strong buy, 2 firms rating the stock a buy, 9 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.

General Information About 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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