On Thursday, shares of O-I Glass, Inc. (NYSE:OI) marked $10.89 per share versus a previous $11.51 closing price. With having a -5.39% loss, an insight into the fundamental values of O-I Glass, Inc., investors would also find a great ally in the technical patterns of the stock movements showed in stock charts. OI showed a fall of -8.72% within its YTD performance, with highs and lows between $4.30 – $15.64 during the period of 52 weeks, compared to the simple moving average of 10.52% in the period of the last 200 days.
Seaport Global Securities equity researchers changed the status of O-I Glass, Inc. (NYSE: OI) shares to a “Neutral” rating in the report published on October 14th, 2020. Other analysts, including Wells Fargo, also published their reports on OI shares. Wells Fargo repeated the rating from the previous report, marking OI under “Underweight” rating, in the report published on April 17th, 2020. Additionally, OI shares got another “Neutral” rating from BofA/Merrill, setting a target price of $9 on the company’s shares, according to the report published in April 13th, 2020. On January 7th, 2020, Robert W. Baird Upgrade an Outperform rating and increased its price target from $10 to $17. On the other hand, Goldman Upgrade the “Buy” rating for OI shares, as published in the report on December 10th, 2019. Wells Fargo seems to be going bullish on the price of OI shares, based on the price prediction for OI, indicating that the shares will jump from $15 to $10, giving the shares “Market Perform” rating based on their report from October 31st, 2019. Another “Neutral” rating came from Goldman, providing a prediction for $10 price target according to the report published in August 5th, 2019.
[bold-text]O-I Glass, Inc. (OI) Analysis[/bold-text]
The present dividend yield for OI owners is set at 0.02, marking the return investors will get regardless of the company’s performance in the upcoming period. However, in order for the company to be able to pay its dividends, just like it is the case with O-I Glass, Inc., the company needs to provide a healthy cash flow, currently at the value of 3.22. In addition, the growth of sales from quarter to quarter is recording -19.20%, hinting the company’s progress in the upcoming progress.
In order to gain a clear insight on the performance of O-I Glass, Inc. (OI) as it may occur in the future, there are more than several well-rounded types of analysis and research techniques, while equity is most certainly one of the more important indicators into the company’s growth and performance. In this case, you want to make sure that the return on the present equity of -323.90% is enough for you to make a profit out of your investment. You may also count in the quick ratio of the company, currently set at 1.10 so you would make sure that the company is able to cover the debts it may have, which can be easily seen in annual reports of the company.
Set to affect the volatility of a given stock, the average volume can also be a valuable indicator, while OI is currently recording an average of 1.18M in volumes. The volatility of the stock on monthly basis is set at 4.71%, while the weekly volatility levels are marked at 4.24%with -3.20% of loss in the last seven days. Additionally, long-term investors are predicting the target price of $12.18, indicating growth from the present price of $10.89, which can represent yet another valuable research and analysis points that can help you decide whether to invest in OI or pass.
[bold-text]What to Look for When Analyzing O-I Glass, Inc. Shares?[/bold-text]
O-I Glass, Inc. (OI) is based in the USA and it represents one of the well-known company operating with Consumer Cyclical sector. If you wish to compare OI shares with other companies under Electronic Equipment and Consumer Goods, a factor to note is the P/E value of for O-I Glass, Inc., while the value 6.49 can represent an indicator in the future growth of the company in terms of investor’s expectations. The later value should have a steady growth rate, increasing and growing gradually, which serves the purpose of reliably showcasing the progress of the company. The value -3.82 is supported by the yearly EPS growth of -387.80%.
Besides from looking into the fundamentals, you should also note the number of people inside the company owning the shares, as the values should be in line with the expectations of investors. In that spirit, the present ownership of stocks inside the company is set at 0.40%, which can provide you with an insight of how involved executives are in owning shares of the company. In oppose to the executives’ share, the institutional ownership counts 98.60% of shares, carrying an equal significance as an indicator of value, as the presence of large investors may signal a strong company.
[bold-text]Are Institutional Investors Increasing Stakes in OI Shares?[/bold-text]
It appears that more than several institutional investors and hedge funds decided to increase stakes in OI in the recent period. That is how BlackRock Fund Advisors now has an increase position in OI by 28.94% in the first quarter, owning 15.93 million shares of OI stocks, with the value of $168.65 million after the purchase of an additional 3,574,579 shares during the last quarter. In the meanwhile, The Vanguard Group, Inc. also increased their stake in OI shares changed 2.17% in the first quarter, which means that the company now owns 14.84 million shares of company, all valued at $157.11 million after the acquisition of additional 314,657 shares during the last quarter.
Fidelity Management & Research Co acquired a new position in O-I Glass, Inc. during the first quarter, with the value of $128.46 million, and Abrams Capital Management LP increased their stake in the company’s shares by 0.00% in the first quarter, now owning 0 shares valued at $73.43 million after the acquisition of the additional 6.93 million shares during the last quarter. In the end, Lyrical Asset Management LP increased their position by 30.54% during the first quarter, now owning 6.21 million OI shares, now holding the value of $65.72 million in OI with the purchase of the additional 1,041,535 shares during the period of the last quarter. At the present, 98.60% of OI shares are in the ownership of institutional investors.