Owens-Illinois (OI) Gets a Hold Rating from Wells Fargo


Wells Fargo analyst Gabrial Hajde maintained a Hold rating on Owens-Illinois (OI) yesterday. The company’s shares closed last Monday at $14.23.

According to TipRanks.com, Hajde is a 1-star analyst with an average return of -4.2% and a 33.3% success rate. Hajde covers the Consumer Goods sector, focusing on stocks such as International Paper Co, Sonoco Products, and Crown Holdings.

The word on The Street in general, suggests a Hold analyst consensus rating for Owens-Illinois with a $15.00 average price target, a 0.7% upside from current levels. In a report released yesterday, Citigroup also maintained a Hold rating on the stock with a $16.00 price target.

See today’s analyst top recommended stocks >>

Based on Owens-Illinois’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $1.63 billion and net profit of $31 million. In comparison, last year the company earned revenue of $1.64 billion and had a GAAP net loss of $10 million.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

O-I Glass, Inc. manufactures glass products. It offers products to the food and beverage sectors. The company is headquartered in Perrysburg, OH.

Stay Ahead of Everyone Else

Get The Latest Stock News Alerts