O-I Glass Inc [OI] stock is trading at $13.08, down -0.30%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The OI shares have gain 1.32% over the last week, with a monthly amount glided 3.07%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
O-I Glass Inc [NYSE: OI] stock has seen the most recent analyst activity on April 19, 2024, when BofA Securities downgraded its rating to a Neutral and also revised its price target to $16 from $21. Previously, UBS started tracking the stock with Buy rating on January 16, 2024, and set its price target to $26. On January 03, 2024, downgrade downgraded it’s rating to Neutral and revised its price target to $18 on the stock. Barclays upgraded its rating to a Equal Weight and decreased its price target to $18 on October 11, 2023. Credit Suisse downgraded its rating to a Neutral and raised its price target to $22 on September 13, 2023. RBC Capital Mkts upgraded its rating to Outperform for this stock on February 02, 2023, and upped its price target to $34. In a note dated January 09, 2023, Wells Fargo upgraded an Overweight rating on this stock and boosted its target price from $18 to $24.
O-I Glass Inc [OI] stock has fluctuated between $10.08 and $17.58 over the past year. Currently, Wall Street analysts expect the stock to reach $16.86 within the next 12 months. O-I Glass Inc [NYSE: OI] shares were valued at $13.08 at the most recent close of the market. An investor can expect a potential return of 28.9% based on the average OI price forecast.
Analyzing the OI fundamentals
O-I Glass Inc [NYSE:OI] reported sales of 6.71B for the trailing twelve months, which represents a drop of -8.52%. Gross Profit Margin for this corporation currently stands at 0.17% with Operating Profit Margin at 0.09%, Pretax Profit Margin comes in at -0.02%, and Net Profit Margin reading is -0.04%. To continue investigating profitability, this company’s Return on Assets is posted at -0.03, Equity is -0.17 and Total Capital is 0.08. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of3.43.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 12.95 points at the first support level, and at 12.83 for the second support level. However, for the 1st resistance point, the stock is sitting at 13.25, and for the 2nd resistance point, it is at 13.42.
Ratios To Look Out For
For context, O-I Glass Inc’s Current Ratio is 1.26. In addition, the Quick Ratio stands at 0.75 and the Cash Ratio stands at 0.3. Considering the valuation of this stock, the price to sales ratio is 0.30, the price to book ratio is 1.35.
Transactions by insiders
Recent insider trading involved Haudrich John, SVP & Chief Financial Officer, that happened on Aug 15 ’24 when 8000.0 shares were purchased. Director, Humphrey John completed a deal on Aug 06 ’24 to buy 15000.0 shares.
