Headlines about Owens-Illinois (NYSE:OI) have trended somewhat positive this week, Accern Sentiment Analysis reports. The research group ranks the sentiment of news coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Owens-Illinois earned a media sentiment score of 0.22 on Accern’s scale. Accern also gave media headlines about the industrial products company an impact score of 45.882384482258 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
These are some of the news stories that may have effected Accern’s analysis:
- Owens-Illinois (OI) and Ardagh Group (ARD) Head-To-Head Analysis (americanbankingnews.com)
- Owens-Illinois (OI) Earns “Neutral” Rating from Royal Bank of Canada (americanbankingnews.com)
- Ohio Valley Banc Corp. (OVBC) At $41.25 Forms Top; Owens-Illinois, Inc. (OI) Covered By 4 Bulls (teletechwire.com)
- Financial Contrast: Ardagh Group (ARD) versus Owens-Illinois (OI) (americanbankingnews.com)
- Lobbyist Tied to Pruitt’s Condo Had Roster of Clients Facing EPA (bloomberg.com)
A number of equities analysts recently issued reports on the company. ValuEngine cut Owens-Illinois from a “buy” rating to a “hold” rating in a report on Wednesday, March 28th. Zacks Investment Research cut Owens-Illinois from a “hold” rating to a “sell” rating in a report on Monday, January 29th. Wells Fargo cut their target price on Owens-Illinois from $24.00 to $23.00 and set a “market perform” rating on the stock in a report on Friday, February 9th. Vertical Research upgraded Owens-Illinois to a “buy” rating and set a $27.00 target price on the stock in a report on Wednesday, February 7th. Finally, Royal Bank of Canada reiterated a “hold” rating and issued a $26.00 target price on shares of Owens-Illinois in a report on Thursday, December 14th. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating and two have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $26.00.
Owens-Illinois (NYSE:OI) last issued its quarterly earnings data on Tuesday, February 6th. The industrial products company reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.54 by $0.01. Owens-Illinois had a return on equity of 53.60% and a net margin of 2.65%. The business had revenue of $1.70 billion for the quarter, compared to analysts’ expectations of $1.72 billion. During the same period last year, the business earned $0.50 EPS. The business’s revenue was up 6.3% on a year-over-year basis. sell-side analysts forecast that Owens-Illinois will post 2.81 earnings per share for the current year.
Owens-Illinois declared that its Board of Directors has authorized a stock repurchase plan on Tuesday, February 6th that authorizes the company to buyback $400.00 million in outstanding shares. This buyback authorization authorizes the industrial products company to repurchase shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s management believes its shares are undervalued.
In other news, SVP Moyano Giancarlo Currarino sold 11,910 shares of the firm’s stock in a transaction on Thursday, March 15th. The stock was sold at an average price of $22.57, for a total transaction of $268,808.70. Following the completion of the sale, the senior vice president now directly owns 28,070 shares of the company’s stock, valued at approximately $633,539.90. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 1.50% of the stock is currently owned by company insiders.
Owens-Illinois Company Profile
Owens-Illinois, Inc, through its subsidiaries, manufactures and sells glass containers to food and beverage manufacturers primarily in Europe, North America, Latin America, and the Asia Pacific. It produces glass containers for alcoholic beverages, including beer, flavored malt beverages, spirits, and wine.
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