OI stock: buy or sell?
August 22nd, 2019
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.
|New all-time high||No|
|New 52 week high||No|
|Price crossing up 200d MA||No|
|100d MA crossing up 200d MA||No|
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.
|Date||Analyst / Broker||Previous rating||Current rating|
|2019-8-5||Goldman Sachs Group||Sell||Neutral|
|2019-8-2||Bank of America||Buy||Neutral|
|2019-5-15||Wells Fargo & Co||Market Perform||Outperform|
|2019-4-30||Bank of America||Neutral||Buy|
|2019-2-7||BMO Capital Markets||n/a||Market Perform|
|2019-2-7||Bank of America||Buy||Neutral|
OI stock analysis
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.
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 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 $17.60How 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:
|Date||Analyst / Broker||Action||Previous target||Current target||Diff|
|2019-8-5||Goldman Sachs Group||Upgrades||n/a||$13.00||-|
|2019-5-15||Wells Fargo & Co||Upgrades||$20.00||$24.00||20%|
|2019-2-7||BMO Capital Markets||Lowers Target||n/a||$21.00||-|
Financials and fundamental analysis
Earnings date and Earnings per ShareAfter 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.
|Quarter||Reporting date||Estimated EPS||Actual EPS||Surprise|
Annual financial resultsCompared 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%.
|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 M||8.87%||$209 M3.1%||-382.43%|
|2017||$6,869 M||2.49%||$180 M2.6%||-13.88%|
|2018||$6,877 M||0.12%||$257 M3.7%||42.78%|
|TTM||$6,779 M||-1.43%||$239 M3.5%||-7.00%|
Quarterly financial resultsOwens-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%.
|2017-Q2||$1,750 M||-||$140 M8.0%||-|
|2017-Q3||$1,790 M||2.29%||$128 M7.2%||-8.57%|
|2017-Q4||$1,712 M||-4.36%||$-134 M-7.8%||-204.69%|
|2018-Q1||$1,736 M||1.40%||$98 M5.6%||-173.13%|
|2018-Q2||$1,772 M||2.07%||$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 M||0.18%||$79 M4.8%||-890.00%|
Owens-Illinois ownershipWhen 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:
|Market cap||$1.6 B||$7.5 B||$26.7 B||$9.0 B||$185.3 B|
|Total shares||155.2 M||63.2 M||334.7 M||135.3 M||1,400.0 M|
|Float shares||154.1 M||63.5 M||328.0 M||127.7 M||1,400.0 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 selling||0.0%||0.0%||0.0%||0.0%||0.0%|
|Thursday, August 22nd, 2019|
|Day range||$10.19 - $10.48|
|Average true range||$0.48|
|50d mov avg||$15.28|
|100d mov avg||$16.63|
|200d mov avg||$17.56|
Owens-Illinois performanceStocks 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.
|TAPMolson Coors Brew...||-11.15%||-15.20%||-21.84%|