Owens-Illinois, Inc. (NYSE:OI) Shooting Higher to New Recent High

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13 September, 2017

The industrial products company reported $0.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.67 by $0.08. Following the transaction, the senior vice president now directly owns 23,954 shares of the company's stock, valued at approximately $574,177.38.

NYSE:OI) was up +0.38% ($0.09) to $24.09 and showed a volume of 1.21 mln shares. About shares traded. Tiffany & Co. It has outperformed by 3.69% the S&P500. Deutsche Bank AG reiterated a "hold" rating and issued a $20.00 price target (up previously from $18.73) on shares of Owens-Illinois in a report on Tuesday, November 22nd. The hedge fund run by Arvind Sanger held 115,000 shares of the oil & gas production company at the end of 2016Q4, valued at $3.97M, up from 85,000 at the end of the previous reported quarter. The 7 months bullish chart indicates low risk for the $4.05B company. The stock decreased 4.95% or $0.71 on September 8, reaching $13.64. It has underperformed by 41.10% the S&P500.

08/02/2017 - Owens-Illinois, Inc. had its "hold" rating reiterated by analysts at Jefferies. Barclays PLC increased their price target on Owens-Illinois from $22.00 to $25.00 and gave the company an "equal weight" rating in a research note on Monday, August 7th.

09/29/2016 - RBC Capital began new coverage on Owens-Illinois, Inc. giving the company a "sector perform" rating. Credit Suisse maintained the stock with "Outperform" rating in Wednesday, March 2 report. The stock has a market cap of $4.04 billion, a PE ratio of 17.96 and a beta of 1.51. Mutual Of America Cap Mgmt Ltd Liability invested 0.04% in Owens-Illinois Inc (NYSE:OI). Goldman Sachs maintained the shares of IT in report on Wednesday, April 26 with "Neutral" rating. The firm has "Hold" rating given on Friday, July 31 by TheStreet. Robert W. Baird reissued a "hold" rating and issued a $25.00 price objective on shares of Owens-Illinois in a report on Friday, September 1st. Comerica Comml Bank holds 328,931 shares.

Owens-Illinois, Inc., launched on March 10, 1987, is a manufacturer of glass container products. Toledoblade.com's article titled: "Owens-Illinois sells rights to a $500 million award for its seized Venezuela ..." and published on August 14, 2017 is yet another important article.

Additionally, here are a few investment firms who have increased or decreased their stake in (OI). Its up 0.25, from 0.93 in 2016Q3.

Hedge funds have recently added to or reduced their stakes in the business. 56 funds opened positions while 95 raised stakes. 149.18 million shares or 3.88% more from 143.61 million shares in 2016Q3 were reported. 33,161 were reported by Profund Advisors Limited Company.

Owens-Illinois (NYSE:OI) last posted its quarterly earnings data on Monday, July 31st. A month ago, analyst EPS consensus estimated earnings of US$0.74 per share. About shares traded. Owens-Illinois Inc (NYSE:OI) has risen 20.39% since September 11, 2016 and is uptrending.

05/03/2015 - Owens-Illinois, Inc. was downgraded to "neutral" by analysts at Longbow Research. Nordea Inv Mngmt reported 2,286 shares stake. Moors And Cabot reported 0.07% stake. Vanguard Incorporated accumulated 15.26M shares. According to these analysts, the Low Revenue Estimate for Owens-Illinois, Inc.is 1.75 Billion and the High Revenue Estimate is 1.79 Billion. Edmond De Rothschild Holding S.a. owns 61,000 shares worth $1,459,000. Jacobs Levy Equity stated it has 0.15% of its portfolio in Owens-Illinois Inc (NYSE:OI). Point72 Asia (Hong Kong) Ltd stated it has 0.41% of its portfolio in Owens-Illinois Inc (NYSE:OI). 2,000 shares were bought by Ottoson Javan D, worth $32,888. Therefore 57% are positive. Stifel Nicolaus downgraded SM Energy Co (NYSE:SM) on Wednesday, April 6 to "Hold" rating. Williams Capital Group maintained the shares of SM in report on Tuesday, June 6 with "Buy" rating. The firm has "Hold" rating given on Thursday, July 20 by RBC Capital Markets. The rating was maintained by RBC Capital Markets with "Hold" on Tuesday, August 1. As per Tuesday, October 13, the company rating was maintained by Topeka Capital Markets. Gartner Inc (NYSE:IT) has risen 15.57% since September 12, 2016 and is uptrending. FMR LLC now owns 1,053,180 shares of the industrial products company's stock worth $21,464,000 after purchasing an additional 949,734 shares during the last quarter. Morgan Stanley initiated Gartner Inc (NYSE:IT) rating on Thursday, September 24.

Investors sentiment increased to 1.18 in 2016 Q4. Its up 0.25, from 0.93 in 2016Q3. It is positive, as 27 investors sold SM shares while 58 reduced holdings. Schwab Charles Investment Mgmt Incorporated owns 770,006 shares for 0.01% of their portfolio. Brown Brothers Harriman & owns 55,929 shares or 0.01% of their USA portfolio. California State Teachers Retirement Systems holds 334,836 shares or 0.01% of its portfolio. Kcg Inc has 0.03% invested in SM Energy Co (NYSE:SM) for 34,170 shares. Crawford Counsel has 64,070 shares for 0.08% of their portfolio. Sigma Planning holds 0.04% or 22,300 shares in its portfolio. Old Mutual Customised Solutions (Proprietary) invested in 0.01% or 700 shares. Breton Hill Capital Ltd accumulated 0.05% or 11,400 shares. Legal General Public Ltd Company has invested 0.01% of its portfolio in Gartner Inc (NYSE:IT).


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