Why Owens-Illinois, Inc. (NYSE:OI) Is In News?


Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $21.21 on Owens-Illinois, Inc. (NYSE:OI) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $2.32 for the next fiscal and $N/A for underway quarter.

Valuation Estimates

Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of Owens-Illinois, Inc. (NYSE:OI) stands at 15.08.

Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For Owens-Illinois, Inc. Common Sto, the PEG ratio for coming 3-5 years is 0.70.

Technical Analysis

The technical analysis highlights that Owens-Illinois, Inc. Common Sto current is trading $-0.31 points away or -1.67% from its 50-day moving average of $18.39. Further it is trading $0.69 or +3.94% away its 200-day moving average of $17.39.

The 52-week high of Owens-Illinois, Inc. (NYSE:OI) was $24.05 while lowest point recorded in 52-week was $11.58. It implies if stock price makes a movement of over $-5.97, it will record a new 52-week high. In the case of +56.13% drop, it will touch a new 52-week low.

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