O-I Glass Inc [NYSE: OI] price surged by 14.97 percent to reach at $1.74.
The one-year OI stock forecast points to a potential upside of 17.07. The average equity rating for OI stock is currently 2.00, trading closer to a bullish pattern in the stock market.
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Guru’s Opinion on 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 $16.11 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 2.00. 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.
BofA 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 April 19, 2024. While these analysts kept the previous recommendation, UBS raised their target price to Buy. The new note on the price target was released on January 16, 2024, representing the official price target for O-I Glass Inc stock. Previously, the target price had yet another raise from $17 to $18, while Citigroup kept a Neutral rating on OI stock. On October 11, 2023, analysts decreased their price target for OI shares from 19 to 18.
The Average True Range (ATR) for O-I Glass Inc is set at 0.52, with the Price to Sales ratio for OI stock in the period of the last 12 months amounting to 0.31. The Price to Book ratio for the last quarter was 1.23, with the Price to Cash per share for the same quarter was set at 4.31.
OI Stock Performance Analysis:
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 18.76. With this latest performance, OI shares gained by 24.63% in over the last four-week period, additionally sinking by -11.46% over the last 6 months – not to mention a drop of -41.81% 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 74.19, with the RSI for the last a single of trading hit 82.60, and the three-weeks RSI is set at 66.40 for O-I Glass Inc [OI]. The present Moving Average for the last 50 days of trading for this stock 11.64, while it was recorded at 11.86 for the last single week of trading, and 14.45 for the last 200 days.
Insight into O-I Glass Inc Fundamentals:
O-I Glass Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.75 and a Current Ratio set at 1.26.
OI Stock EPS
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 -9.80%.
O-I Glass Inc [OI] Institutonal Ownership Details
The top three institutional holders of OI stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.5034%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $178.43 billion in OI stocks shares; and BERKSHIRE HATHAWAY INC, currently with $135.36 billion in OI stock with ownership which is approximately 5.1238%.
