RBC Capital Sticks to Their Buy Rating for O-I Glass (OI)
In a report released yesterday, Arun Viswanathan from RBC Capital maintained a Buy rating on O-I Glass, with a price target of $18.00.
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Viswanathan covers the Basic Materials sector, focusing on stocks such as Celanese, Eastman Chemical, and Huntsman. According to TipRanks, Viswanathan has an average return of -1.8% and a 46.00% success rate on recommended stocks.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for O-I Glass with a $16.33 average price target.
Based on O-I Glass’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $1.65 billion and a net profit of $30 million. In comparison, last year the company earned a revenue of $1.68 billion and had a GAAP net loss of $80 million
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