The O-I Glass Inc. (OI) shares are trading at higher $10.79 and the avg recommendation for the stock is Moderate Buy. while the current analyst price target stands at $10.23.
To add more color to this target, the company’s high over the last year is $17.77 and the low is $4.30. Over the last 52 weeks, OI is down -39.28% while the S&P 500 is down -0.63%. The catalyst for this interesting swing was the company’s recent earnings report.
A Notable Earnings Report
In the last quarter, OI reported a profit of $268.0 million. O-I Glass Inc. also saw revenues increase to $1.56 billion. In addition, OI has free cash flow of -$435.0 million as of 03-2020. The company’s EBITDA came in at $262.0 million which compares well with its peers.
OI booked profit margins of -6.50%, its Return on Equity (ROE) is -97.70%, and its Return on Assets is -4.40%. All told, it is clear that, OI needs to be on your watchlist.
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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. OI has a short ratio of 3.81 and outstanding shares of 156.08M.
OI has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 1.33 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at -2.75. O-I Glass Inc. OI also noted assets of $9.5 billion at the end of the last quarter. Investors should also keep an eye on sector updates as OI has historically followed its peers on positive news.
All told, O-I Glass Inc. OI has strung together solid data and demonstrated underlying fundamentals. At its current valuation, OI represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.
O-I Glass Inc. OI is now commanding a market cap of 1.75B and a float of 154.73M. OI is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of OI stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!
Disclosure: we hold no position in OI, either long or short, and we have not been compensated for this article.