In a report released yesterday, Scott Gaffner from Barclays maintained a Hold rating on Owens-Illinois (OI), with a price target of $18. The company’s shares closed yesterday at $17.42.
According to TipRanks.com, Gaffner is a 4-star analyst with an average return of 7.7% and a 58.3% success rate. Gaffner covers the Consumer Goods sector, focusing on stocks such as International Paper Co, Avery Dennison Corp, and Silgan Holdings.
Currently, the analyst consensus on Owens-Illinois is a Moderate Buy with an average price target of $21.50, implying a 23.4% upside from current levels. In a report issued on November 1, Robert W. Baird also maintained a Hold rating on the stock with a $19 price target.
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Owens-Illinois’ market cap is currently $2.76B and has a P/E ratio of 20.89. The company has a Price to Book ratio of 2.92.
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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.
