O-I Glass, Inc. with ticker code (OI) now have 10 market analysts covering the stock. The analyst consensus now points to a rating of ‘Buy’. The range between the high target price and low target price is between 34 and 18 calculating the mean target price we have $25.10. Given that the stocks previous close was at $22.60 this would imply there is now a potential upside of 11.1%. It’s also worth noting that there is a 50 day moving average of $22.08 while the 200 day moving average is $17.03. The company has a market capitalization of $3,516m. Company Website: https://www.o-i.com
The potential market cap would be $3,905m based on the market consensus.
O-I Glass, Inc., through its subsidiaries, engages in the manufacture and sale of glass containers to food and beverage manufacturers primarily in the Americas, Europe, and internationally. The company produces glass containers for alcoholic beverages, including beer, flavored malt beverages, spirits, and wine. It is also involved in the production of glass packaging for various food items, soft drinks, tea, juices, and pharmaceuticals. In addition, the company offers glass containers in a range of sizes, shapes, and colors. It sells its products directly to customers under annual or multi-year supply agreements, as well as through distributors. The company was founded in 1903 and is headquartered in Perrysburg, Ohio.
The company is not paying dividends at this time.
Other points of data to note are a P/E ratio of 6.15, revenue per share of 44.14 and a 4.35% return on assets.
