Truist Financial analyst Michael Roxland maintained a Buy rating on O-I Glass (OI – Research Report) today. The company’s shares closed yesterday at $14.96.
Roxland covers the Consumer Cyclical sector, focusing on stocks such as International Paper Co, O-I Glass, and Avery Dennison. According to TipRanks, Roxland has an average return of 7.7% and a 61.90% success rate on recommended stocks.
Currently, the analyst consensus on O-I Glass is a Moderate Buy with an average price target of $20.29, which is a 35.63% upside from current levels. In a report released yesterday, Wells Fargo also maintained a Buy rating on the stock with a $22.00 price target.
Based on O-I Glass’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $1.64 billion and a GAAP net loss of $470 million. In comparison, last year the company earned a revenue of $1.69 billion and had a net profit of $13 million
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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.
