O-I Glass Inc. [OI] Revenue clocked in at $6.22 billion, up 1.26% YTD: What’s Next?

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O-I Glass Inc. [NYSE: OI] gained 5.78% or 0.66 points to close at $12.08 with a heavy trading volume of 1656965 shares. The company report on November 13, 2020 that O-I Issues 2020 Green Bond Allocation Update.

Green Bond Net Proceeds Allocated for Sustainable Projects.

In November of 2019, O-I European Group B.V., a subsidiary of O-I Glass, Inc. (NYSE: O-I) was the first packaging Company to issue a Green Bond (EUR 500 million). The company has committed to allocate an amount equal to the net proceeds from the Green Bond offering to finance and/or refinance new and/or existing Eligible Green Projects within 36 months from the issue date of the Green Bond. As of November 2020, the Company has allocated EUR 255.6 million to Eligible Green Projects.

It opened the trading session at $11.50, the shares rose to $12.34 and dropped to $11.39, the range by which the price of stock traded the whole day. The daily chart for OI points out that the company has recorded 65.48% gains over the past six months. However, it is still -180.93% lower than its most recent low trading price.

If we look at the average trading volume of 1.13M shares, OI reached to a volume of 1656965 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about O-I Glass Inc. [OI]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for OI shares is $11.80 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on OI stock is a recommendation set at 2.90. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Seaport Global Securities have made an estimate for O-I Glass Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on October 14, 2020. While these analysts kept the previous recommendation, Wells Fargo raised their target price from $15 to $7. The new note on the price target was released on April 17, 2020, representing the official price target for O-I Glass Inc. stock. Previously, the target price had yet another raise to $9, while BofA/Merrill analysts kept a Neutral rating on OI stock. On January 07, 2020, analysts increased their price target for OI shares from 10 to 17.

The Average True Range (ATR) for O-I Glass Inc. is set at 0.59, with the Price to Sales ratio for OI stock in the period of the last 12 months amounting to 0.31. Price to Free Cash Flow for OI in the course of the last twelve months was 8.34 with Quick ratio for the last quarter at 1.10.

Trading performance analysis for OI stock

O-I Glass Inc. [OI] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 4.41. With this latest performance, OI shares gained by 7.19% in over the last four-week period, additionally plugging by 65.48% over the last 6 months – not to mention a rise of 32.89% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for OI stock in for the last two-week period is set at 63.59, with the RSI for the last a single of trading hit 66.19, and the three-weeks RSI is set at 58.51 for O-I Glass Inc. [OI]. The present Moving Average for the last 50 days of trading for this stock 10.92, while it was recorded at 11.44 for the last single week of trading, and 9.61 for the last 200 days.

O-I Glass Inc. [OI]: A deeper dive into fundamental analysis

Operating Margin for any stock indicates how profitable investing would be, and O-I Glass Inc. [OI] shares currently have an operating margin of +9.91 and a Gross Margin at +17.46. O-I Glass Inc.’s Net Margin is presently recorded at -5.93.

Return on Total Capital for OI is now 10.55, given the latest momentum, and Return on Invested Capital for the company is -6.61. Return on Equity for this stock declined to -63.37, with Return on Assets sitting at -4.11. When it comes to the capital structure of this company, O-I Glass Inc. [OI] has a Total Debt to Total Equity ratio set at 1,233.83. Additionally, OI Total Debt to Total Capital is recorded at 92.50, with Total Debt to Total Assets ending up at 59.96. Long-Term Debt to Equity for the company is recorded at 1,193.36, with the Long-Term Debt to Total Capital now at 89.47.

Reflecting on the efficiency of the workforce at the company, O-I Glass Inc. [OI] managed to generate an average of -$14,436 per employee. Receivables Turnover for the company is 11.44 with a Total Asset Turnover recorded at a value of 0.69.O-I Glass Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.10 and a Current Ratio set at 1.60.

O-I Glass Inc. [OI]: An earnings per share (EPS) analysis

With the latest financial reports released by the company, O-I Glass Inc. posted 0.5/share EPS, while the average EPS was predicted by analysts to be reported at 0.46/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 8.70%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for OI. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for O-I Glass Inc. go to -2.98%.

An analysis of insider ownership at O-I Glass Inc. [OI]

There are presently around $1,724 million, or 95.20% of OI stock, in the hands of institutional investors. The top three institutional holders of OI stocks are: BLACKROCK INC. with ownership of 16,674,677, which is approximately -5.363% of the company’s market cap and around 0.40% of the total institutional ownership; VANGUARD GROUP INC, holding 14,857,683 shares of the stock with an approximate value of $179.48 million in OI stocks shares; and RUSSELL INVESTMENTS GROUP, LTD., currently with $158.67 million in OI stock with ownership of nearly -0.801% of the company’s market capitalization.

Positions in O-I Glass Inc. stocks held by institutional investors increased at the end of October and at the time of the October reporting period, where 75 institutional holders increased their position in O-I Glass Inc. [NYSE:OI] by around 4,459,081 shares. Additionally, 123 investors decreased positions by around 11,576,949 shares, while 36 investors held positions by with 126,642,472 shares. The mentioned changes placed institutional holdings at 142,678,502 shares, according to the latest SEC report filing. OI stock had 32 new institutional investments in for a total of 1,261,843 shares, while 31 institutional investors sold positions of 2,256,106 shares during the same period.

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