Is Owens-Illinois Inc (OI)’s Fuel Running High? The Stock Formed Double Top

September 17, 2017 - By reb123z

Investors sentiment decreased to 1.07 in 2016 Q4. Its down 0.19, from 1.26 in 2016Q3. It turned negative, as 52 investors sold Owens-Illinois Inc shares while 89 reduced holdings. 56 funds opened positions while 95 raised stakes. 149.18 million shares or 3.88% more from 143.61 million shares in 2016Q3 were reported.
Us Bancshares De reported 0% in Owens-Illinois Inc (NYSE:OI). First Ny Secs Lc Ny stated it has 145 shares or 0% of all its holdings. 328,931 are held by Comerica Bancshares. State Board Of Administration Of Florida Retirement Systems invested in 0.01% or 259,518 shares. Amica Retiree Trust invested 0.09% of its portfolio in Owens-Illinois Inc (NYSE:OI). The Georgia-based Cornercap Counsel has invested 0.1% in Owens-Illinois Inc (NYSE:OI). Ww Asset Mgmt has invested 0.01% of its portfolio in Owens-Illinois Inc (NYSE:OI). Pacad Inv holds 0.01% or 2,904 shares in its portfolio. Blackrock Incorporated has invested 0% in Owens-Illinois Inc (NYSE:OI). Credit Suisse Ag holds 0.01% or 525,413 shares in its portfolio. Omers Administration holds 0.01% or 20,300 shares. Prelude Mgmt Ltd reported 4,486 shares or 0.01% of all its holdings. 294,427 are held by Rhumbline Advisers. Ameritas Investment Prtn Incorporated, a Nebraska-based fund reported 49,000 shares. Sasco Capital Ct holds 3.09% or 7.08 million shares in its portfolio.

The chart of Owens-Illinois Inc (OI) shows a double top with $26.13 target or 6.00 % above today’s $24.65 share price. The 8 months chart pattern indicates low risk for the $4.01 billion company. It was reported on Sep, 17 by Finviz.com. If the $26.13 price target is reached, the company will be worth $240.60M more. Double tops are rare but powerful chart patterns.

The stock decreased 0.76% or $0.19 on September 15, reaching $24.65. About 1.44 million shares traded or 17.07% up from the average. Owens-Illinois Inc (NYSE:OI) has risen 20.39% since September 17, 2016 and is uptrending. It has outperformed by 3.69% the S&P500.

Investors wait Owens-Illinois Inc (NYSE:OI) to report on October, 24. its quarterly earnings Wall Street analysts expect $0.74 earnings per share, up $0.06 or 8.82 % from last year’s $0.68 same quarter earnings. This translates into $120.38M profit for OI giving the stock a 8.33 P/E. This is assuming the current $0.74 EPS is accurate. Owens-Illinois Inc’s Wall Street analysts see -1.33 % negative EPS growth, taking into account the $0.75 EPS reproted in the previous quarter,

Owens-Illinois Inc (NYSE:OI) Ratings Coverage

Among 13 analysts covering Owens-Illinois Inc (NYSE:OI), 3 have Buy rating, 1 Sell and 9 Hold. Therefore 23% are positive. Owens-Illinois Inc had 34 analyst reports since July 31, 2015 according to SRatingsIntel. The firm earned “Hold” rating on Wednesday, August 2 by Jefferies. Goldman Sachs initiated Owens-Illinois Inc (NYSE:OI) on Thursday, May 12 with “Sell” rating. The rating was maintained by BMO Capital Markets on Friday, May 26 with “Hold”. The rating was maintained by KeyBanc Capital Markets on Wednesday, August 23 with “Hold”. The rating was maintained by BMO Capital Markets on Monday, April 24 with “Hold”. The stock of Owens-Illinois Inc (NYSE:OI) earned “Hold” rating by TheStreet on Friday, July 31. The firm has “Buy” rating given on Tuesday, September 15 by Bank of America. The firm earned “Neutral” rating on Friday, October 30 by Credit Suisse. On Tuesday, November 10 the stock rating was initiated by Macquarie Research with “Neutral”. The stock of Owens-Illinois Inc (NYSE:OI) has “Hold” rating given on Friday, June 30 by BMO Capital Markets.

Another recent and important Owens-Illinois Inc (NYSE:OI) news was published by Nasdaq.com which published an article titled: “Why You Must Add Owens-Illinois (OI) Stock to Your Portfolio” on September 05, 2017.

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