In a report released yesterday, Lars Kjellberg from Credit Suisse maintained a Buy rating on Owens-Illinois (OI), with a price target of $24. The company’s shares closed yesterday at $17.71.
Kjellberg has an average return of 14.1% when recommending Owens-Illinois.
According to TipRanks.com, Kjellberg is ranked #1109 out of 5119 analysts.
Owens-Illinois has an analyst consensus of Moderate Buy, with a price target consensus of $21, which is a 18.6% upside from current levels. In a report issued on November 9, Merrill Lynch also upgraded the stock to Buy with a $22 price target.
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The company has a one-year high of $24.66 and a one-year low of $15.67. Currently, Owens-Illinois has an average volume of 1.36M.
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Owens-Illinois, Inc. engages in the manufacture and supply of glass containers for beverages. It provides glass packaging for food items such as soft drinks, teas, juices, and pharmaceuticals. It operates through the following geographical segments: Europe, North America, Latin America, and Asia Pacific.
