OI stock: buy or sell?

OI stock price: $10.36 0.29% At close on August 22nd, 2019

Updated on:
August 22nd, 2019

1

Owens-Illinois closed today at $10.36 and stayed constant a slightly good 0.29%. On August 14th OI plummed a dreadful -6.26%.

Owens-Illinois, Inc., through its subsidiaries, manufactures and sells glass containers to food and beverage manufacturers primarily in Europe, North America, Latin America, and the Asia Pacific.

Should I buy OI stock?

Even if you are a experienced or a novel trader, best trading results come from using an investing strategy that never leaves to random or subjective opinions when is the best moment to buy or sell stocks. Having a trading plan helps to make decisions easier, quicker and with less hesitations. There are thousands of trading strategies for you to choose, but at Stocks2.com we prefer those that are simple but successful.

Currently, Owens-Illinois stock doesn't match any of these trading strategies, so our recommendation is not to buy.

Buy setupElegible
New all-time highNo
New 52 week highNo
Price crossing up 200d MANo
100d MA crossing up 200d MANo
This is not a selling recommendation at all, just it's not the best moment to buy if you follow any of these trading strategies.

Is Owens-Illinois stock a buy?

Everyday, hundreds of stock ratings are posted by financial analysts to indicate a particular stock's attractiveness. At Stocks2.com, we detected 11 ratings published for OI stock in the last 30 days.

Is OI a good stock to buy?
DateAnalyst / BrokerPrevious ratingCurrent rating
2019-8-5Goldman Sachs GroupSellNeutral
2019-8-2KeyCorpn/aUnderweight
2019-8-2Citigroupn/aNeutral
2019-8-2Bank of AmericaBuyNeutral
2019-5-15Wells Fargo & CoMarket PerformOutperform
2019-4-30Bank of AmericaNeutralBuy
2019-2-7BMO Capital Marketsn/aMarket Perform
2019-2-7Bank of AmericaBuyNeutral
2019-1-7CitigroupBuyNeutral
2019-1-7BarclaysBuyNeutral
2019-1-7BarclaysBuyNeutral

OI stock analysis

Daily outlook

Shares of Owens-Illinois stayed stable a slightly good 0.29% and closed at $10.36.

Shares of Owens-Illinois ended today at $10.36 and stayed steady a slightly good 0.29%. Since price and SMA200d lines crossed down on May, OI fell $-9.15 per share (-46.90%). OI marked a lower low and a lower high in the short term, defining a downward trend. Climbing above $12.39 would break this short term down trend and open possibilities for reversing this situation.

OI stock chart (daily)

Weekly outlook

After sliding a chilling -9.21% in a week last week, Owens-Illinois closed this week at $10.36 and fell a tragic -2.63%. Counting this, it's been 4 red weeks in a row, sliding $-7.34 or a -42.97%.

Since price and 40-weeks moving average lines crossed down late April, OI fell $-8.99 per share (-46.46%). Stocks under the 40-weeks moving average line are usually not recommended for average traders.

OI stock chart (weekly)

OI stock price history

OI IPO was on December 11th, 1991 at $10.69 per share1. Since then, OI stock sliced a -3.10%, with a yearly average of -0.10%.

1: Adjusted price after possible price splits or reverse-splits.

OI stock historical price chart

OI stock reached 52-week highs on March at $20.72, and all-time highs 2008-04-21 with a price of 60.26.

OI stock price target is $17.60

How much a stock will be priced tomorrow or next week is quite unpredictable However, banks and other financial institutions analysts, with the help of lots of data and algorithms do their best to predict the stock prices movement. We do not recommend to follow these stock price predictions without a critical thinking from your side, as their accuracy is usually low. We have 7 price forecasts for Owens-Illinois stock posted in the last 30 days:
OI stock price predictions
DateAnalyst / BrokerActionPrevious targetCurrent targetDiff
2019-8-5Goldman Sachs GroupUpgradesn/a$13.00-
2019-8-2KeyCorpLowers Target$16.00$11.00-31.3%
2019-8-2CitigroupLowers Target$19.00$14.00-26.3%
2019-5-15Wells Fargo & CoUpgrades$20.00$24.0020%
2019-2-7BMO Capital MarketsLowers Targetn/a$21.00-
2019-1-7BarclaysReiterates$25.00$20.00-20%
2019-1-7BarclaysDowngrades$25.00$20.00-20%
(in average)$21.00$17.60-16.0%
The price forecast for Owens-Illinois stock is $17.60, moving in a range between $24.00 and $11.00. In average, analysts' outlook on OI price target is negative, downgrading the prediction by a -16.00% from previous estimations.

Financials and fundamental analysis

Earnings date and Earnings per Share

After publishing its last earnings report on May, Owens-Illinois collapsed a spooky -46.90%. As soon as we get its posted EPS from the earnings report, we will update this report.
OI earnings date and EPS evolution
QuarterReporting dateEstimated EPSActual EPSSurprise
2017-Q2-n/a0.91n/a
2017-Q32017-10-230.740.774.1%
2017-Q42018-02-060.540.551.9%
2018-Q12018-04-230.580.591.7%
2018-Q22018-07-230.750.772.7%
2018-Q32018-10-300.750.750.0%
2018-Q42019-02-050.630.61-3.2%
2019-Q12019-05-010.54n/an/a
2019-Q2-n/an/an/a
2019-Q3-n/an/an/a

Annual financial results

Compared to 2017, last anual turnover report draw a tight movement of 0.12% to $6,877.00 million dollars. Aligned with this, its profit margin (compared to sales) stepped up to 3.74%, that is $257.00 million.

Owens-Illinois presents anual results in December, and to compare its evolution since then, we estimate annual sales and income figures by adding results from the last 4 quarters. This is called TTM (or Twelve Trailing Months). So, Owens-Illinois TTM sales up to March 2019 were $6,779.00 and earnings $239.00 million dollars. If we compare this TTM figures with the last reported annuality, we can review Owens-Illinois business evolution since December 2018: Annual turnover up to March, compared to lastest yearly report, slightly fell a disappointing -1.43%. Likewise, profit margin (net income/sales) remained steady at 3.74%.

OI annual Sales and Income evolution
YearSalesYoYIncome/(margin)YoY
2013$6,970 M-$335 M4.8%-
2014$6,784 M-2.67%$75 M1.1%-77.61%
2015$6,156 M-9.26%$-74.00 M-1.2%-198.67%
2016$6,702 M8.87%$209 M3.1%-382.43%
2017$6,869 M2.49%$180 M2.6%-13.88%
2018$6,877 M0.12%$257 M3.7%42.78%
TTM $6,779 M-1.43%$239 M3.5%-7.00%

Quarterly financial results

Owens-Illinois posted $1,638.00 M in sales for 2019-Q1, a 0.18% up compared to previous quarter. Reported quarter earnings marked $79.00 M with a profit margin of 4.82%. Profit margin jumped a 5.43% compared to previous quarter when profit margin was -0.61%. When comparing turnover to same quarter last year, Owens-Illinois sales marked a fatal loss and eased a -5.65%.
OI quarterly Sales and Income evolution
QuarterSales1QoQ2Income1/(margin)QoQ2
2017-Q2$1,750 M-$140 M8.0%-
2017-Q3$1,790 M2.29%$128 M7.2%-8.57%
2017-Q4$1,712 M-4.36%$-134 M-7.8%-204.69%
2018-Q1$1,736 M1.40%$98 M5.6%-173.13%
2018-Q2$1,772 M2.07%$50 M2.8%-48.98%
2018-Q3$1,734 M-2.14%$120 M6.9%140.00%
2018-Q4$1,635 M-5.71%$-10 M-0.6%-108.33%
2019-Q1$1,638 M0.18%$79 M4.8%-890.00%

Owens-Illinois ownership

When you are planning to buy shares of a stock, it's worth to review its ownership structure.

Owens-Illinois shares owned by insiders (that is, founders, CEO, CTO, main executives or other management staff) currently counts a 0.70% of all shares.

Bearish positions for OI stock account 0.00%, no big difference from last month.

For a better understanding, the following table shows ownership data compared to other related stocks:

OIATRBLLCCKPEP
Market cap$1.6 B$7.5 B$26.7 B$9.0 B$185.3 B
Total shares155.2 M63.2 M334.7 M135.3 M1,400.0 M
Float shares154.1 M63.5 M328.0 M127.7 M1,400.0 M
  - Institutional holdings (%)95.6%93.1%89.0%110.1%73.7%
  - Insider holdings (%)0.7%0.7%0.8%1.9%0.2%
Shares in short selling0.0%0.0%0.0%0.0%0.0%

OI summary

Thursday, August 22nd, 2019
Open$10.34
Close$10.36
Day range$10.19 - $10.48
Previous close$10.33
Session gain0.29%
Average true range$0.48
50d mov avg$15.28
100d mov avg$16.63
200d mov avg$17.56
Daily patternlb06a
Weekly pattern lt03c

Owens-Illinois performance

Stocks performance is always measured in comparision to the market or competitors and related stocks in the same industry. We picked Aptar, Ball, Crown, Pepsico, Silgan and Molson Coors Brewing as the bechmarking frame for Owens-Illinois stock.
Stock3m6m12m
OIOwens-Illinois-38.30%-48.43%-42.48%
ATRAptar5.98%17.65%16.46%
BLLBall30.28%44.91%95.70%
CCKCrown11.08%22.39%58.01%
PEPPepsico2.94%15.10%21.78%
SLGNSilgan0.60%4.57%11.17%
TAPMolson Coors Brew...-11.15%-15.20%-21.84%

Owens-Illinois competitors

We selected a few stocks to conform a list of Owens-Illinois competitors to watch if you are interested in investing in OI: