Wells Fargo analyst Gabrial Hajde maintained a Buy rating on O-I Glass (OI – Research Report) today and set a price target of $22.00. The company’s shares closed yesterday at $15.41.
Hajde covers the Industrials sector, focusing on stocks such as AptarGroup, Crown Holdings, and Sonoco Products. According to TipRanks, Hajde has an average return of 3.1% and a 57.48% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for O-I Glass with a $24.44 average price target, a 58.60% upside from current levels. In a report released on October 16, Bank of America Securities also maintained a Buy rating on the stock with a $25.00 price target.
See today’s best-performing stocks on TipRanks >>
Based on O-I Glass’ latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $1.89 billion and a net profit of $110 million. In comparison, last year the company earned a revenue of $1.78 billion and had a net profit of $252 million
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
O-I Glass (OI) Company Description:
O-I Glass, Inc. manufactures glass products. The firm offers products to the food and beverage sectors. The company is headquartered in Perrysburg, OH.
Read More on OI:
- O-I Glass price target lowered to $25 from $28 at BofA
- O-I Glass upgraded to Equal Weight from Underweight at Barclays
- O-I Glass price target lowered to $19 from $23 at Citi
- O-I Glass Announces Third Quarter 2023 Earnings Conference Call and Webcast
- O-I Glass announces closure of Waco, Texas glass container plant
